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.
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 as it battled the turbulent market conditions.
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