Compass shares slump as caterer serves up warning on Europe
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(Reuters) - Compass Group warned on Tuesday that deteriorating consumer and business confidence in Europe had hurt volumes and margins at its company catering services, sending shares almost 8% lower.The world's biggest catering firm, which provides meals for office workers, armed forces and school children in 45 countries, said it expects 2020 organic revenue growth around the mid-point of its 4-6% guidance range.The lacklustre outlook took the shine off a 4.7% rise in underlying operating..