Compass Group sees first tentative signs of recovery

The Compass Group, owner of Leith's, Payne and Gunter and Lime Venue Portfolio, has seen revenues again improve in the first quarter of 2010.

Compass Group sees first tentative signs of recovery
Compass Group sees first tentative signs of recovery

The catering giant still posted a loss of 1.7%, but the fall was far less than the 3% expected.

Improvements in the catering market are a good sign for the hospitality industry, indicating 2010 could see proper recovery.

Surrey-based Compass's news saw the value of its shares rise in the City as confidence in the company grows.

Last year Compass announced a pay freeze among its top earners as it battled the turbulent market conditions.

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