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Sodexo Q3 revenues down almost a third due to Covid-19

Q3 fiscal 2020 revenue results for Sodexo are down nearly a third compared to this time last year as a result of Covid-19. In its latest trading update Q3 fiscal 2020 Group revenue was 3,910 million euro, down -31.2%. The ...

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Mitie shows resilience in the face of Covid-19

Alongside this morning’s announcement that Mitie has signed a sales and purchase agreement to acquire Interserve’s FM division, the outsourcing company has also published its full-year results for the year ended 31 March 2020 which reports that although the outbreak ...

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ISS reports solid organic growth

In its latest trading update for the period 1 January – 31 March 2020, global facilities services firm, ISS has reported solid organic growth despite significant Covid-19 impact towards the quarter-end. Revenue increased by 2.4% year-over-year in Q1 2020 with ...

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Vacherin exceeds predictions with 14% turnover increase on previous year

Boutique London caterer, Vacherin, has published its financial results for its final full year as an independent company under the stewardship of Mark Philpott, Clive Hetherington and Phil Roker prior to joining the CH&Co family at the end of February. ...

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Compass Group closes 55% of its businesses as a result of country lockdowns

In the latest trading update from Compass Group, the multinational food and support services company has seen 55% of its businesses closed due to country lock downs as a result of the coronavirus pandemic. The Group’s Sports & Leisure division ...

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Serco faces the Coronavirus crisis from a position of ‘relative strength’

Serco has provided an unscheduled update on its current trading and its approach to meeting the challenge of the Coronavirus. The company has reported that although the financial results for March have not yet been consolidated, early indications are that ...

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Mitie provides update on the impact of Covid-19

Mitie has issued an update in relation to the impact of the Covid-19 outbreak reporting that whilst it is unable to to predict with any accuracy the long-term operational impact of Covid-19 on its business at the present time, it ...

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ISS provides update relating to IT security incident and COVID-19

Global facilities services firm, ISS, has reported organic growth for January 2020 was strong and above its expectations at 7 per cent. The business stated it has “continued to perform and deliver uninterrupted service to the vast majority of clients” ...

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Sodexo expects an impact of around €2bn on annual revenues due to Coronavirus pandemic

In a recent announcement, Sodexo has stated its Fiscal 2020 H1 landing to be published on April 9, 2020 is expected to be “in line” with internal forecasts and aligned with the Fiscal 2020 annual guidance. The global support services ...

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Serco’s revenue increases for the first time since 2013 

In its full year results 2019 Serco has reported its revenue of £3.2 billion increased by 14.5%, comprising 8.2% organic growth, 4.8% contribution from acquisitions and 1.5% currency benefit. Serco said there was “very strong” constant currency growth in Americas ...

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