Investing.com -- Here is a summary of regulatory news releases from the London Stock Exchange on Tuesday, 26th November. Please refresh for updates.
- Catering provider Compass Group (LON:CPG) said it will take a charge of around 300 million pounds to slim down its European operations, in response to a slowdown that has hit demand and margins.
- The charges meant that reported operating profit fell 5.4% on the year, while earnings per share fell 1.8%. Even so, the company raised its dividend by 6.1%.
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Passport maker De La Rue (LON:DLAR) said on Tuesday it will suspend dividend payments after swinging to a loss of 9.2 million pounds in the six months through September, and will present a thorough strategic review by the end of the first quarter to address its worsening performance.
The company, which also prints banknotes, said it faced competition from increased usage of digital payments.
It now expects an adjusted profit between 20 and 25 million pounds for the full year 2019-20.