Compass, the world’s largest contract caterer, announced it will shift the trading currency of its shares from sterling to U.S. dollars, effective April 1. This decision follows a recent change by FTSE Russell, which allows companies trading in dollars and euros to be considered for inclusion in the FTSE U.K. Index Series. Compass, which generates around 75% of its revenue in dollars, aims to reduce foreign exchange volatility by aligning its trading and reporting currencies. The move reflects a broader trend among major U.K. companies, such as InterContinental Hotels and HSBC, which have transitioned to reporting in currencies other than sterling to simplify their financial reporting and appeal to global investors.
Compass shifts trading currency to US dollars ahead of April 1 change
