Compass Group Shares Up as FTSE 100 Moves Higher Before July Update
Compass Group PLC jumped in London Friday, topping the FTSE 100 as investors moved back into the food-service giant. Hargreaves Lansdown’s delayed quote showed Compass at $34.10 to sell and $34.12 to buy, up $1.43, or 4.38%. Davy’s last showed $34.15, up 4.53%, after trading between $32.39 and $34.19. The FTSE 100 gained around 1.5% to 10,458.15, so Compass led the index. UK stocks pushed higher as a drop in oil prices and hopes for Middle East peace lifted risk appetite. Reuters said the FTSE 100 gained 1.1% by late morning. Shares often climb when investors see stronger future earnings, less risk, or a higher valuation multiple, and drop when those bets fade. The broad market move matters for Compass,