Tips from the press
News from Investors Chronicle:

Tips from the press


Compass , the world’s largest catering company, has proved an impressive investment through the financial crisis, with the shares up almost 200 per cent from their 2008 lows, but even this most defensive of companies cannot escape the fallout from the Eurozone debt crisis. Compass has responding by saying it will shrink its European business to maintain profitability, but the unit is relatively small.

The group’s trading update was very positive. Compass said that it expected organic revenue growth of 5.5 per cent for the full year ending September 30. This was a touch ahead of analysts’ expectations following growth of 8 per cent in North America and 12 per cent in emerging markets. There was, however, negative like-for-like growth in some parts of Europe. The caterer also said it had a strong pipeline of potential new contracts. The shares certainly aren’t cheap, trading on a 2013 earnings multiple of 14.9 times and yielding a prospective 3.5 per cent in 2013. However, they trade at a discount to French peer Sodexo, at 16.7 times. Compass’s increase in its dividend over the last few years has also outpaced the…………… continues on Investors Chronicle

… Read the full article

Related News:

Consumer Advice: Experts Offer Tips to Avoid Bank Charges
News from The Ledger:

Published: Friday, September 28, 2012 at 12:37 a.m.
Last Modified: Friday, September 28, 2012 at 12:37 a.m.

“There have been a couple of times when I’ve had to pay a fine,” the Lakeland guitar salesman said.

If his bank starts charging a monthly fee, Stedley said, he’ll shop for a new free checking account.

“I’m Irish so I’d rather hold on to my money,” he said.

When Zack Brown first opened his bank checking account a few years ago, it was free, but now he pays a monthly fee.

“They just told me they were going to start charging,” he said, adding that he decided to stay with this bank because he didn’t want to deal with the trouble of looking for another.

“If they start to charge more, I might not think of the hassle,” the mechanic said.

Consumers who want a free checking account might have to look around to find one as more banks find new ways to charge account holders.

Bankrate, a North Palm Beach-based online provider of banking and consumer news and information, found that there are fewer free checking accounts offered by U.S. banks. A free checking account is one that doesn’t charge a fee regardless of balance or activity.

Fees for use of ATM machines and overdrafts also have gone up.

Alexandra Lee, assistant financial center manager at Community Bank of Florida, said with the…………… continues on The Ledger

… Read the full article