UK's Compass Groups dragged by Sodexo's forecast cut

British catering group Compass CPG.L falls as much as 2.9% to 2,427p, among top losers on FTSE 100 .FTSE

Sodexo EXHO.PA and Elior Group SA ELIOR.PA down 14.3% and 5.6% respectively

Sodexo cuts FY24/25 organic rev forecast to 3%-4% from 5.5%-6.5% and underlying operating margin growth to 10-20 bps from 30-40 bps

The French food caterer blames slower-than-expected organic growth in North America

JPM expects the warning to drag on the overall catering space