I looked long an hard for a quality compact camera and came down to the same usual 3 as the web pundits; Canon S100, Olympus xz-1 and the Nikon P310 (the Lumix L5 being too old and the Sony too expensive).
Most of the web reviews led you to the Canon or the Olympus in favour of the Nikon. I was temped to both for a while. The Olympus has a fast lens across the range but you pay for that in size. It also has, for me, an unnecessary hot shoe (fast lens). This destroys the smooth pocketable lines of a compact camera.
The Canon ticked a lot of the boxes except price; you pay heavily for the larger sensor. On top there is now a big question mark on Canon's quality control with the major lens failure issue. Canon play this down but read the web chatter on this.
I therefore opted for the Nikon P310 and I'm glad I did. OK there's no RAW option but hey I've a SLR with that and never use it. It has a smaller sensor to the Canon and Olympus but the state of the art technology behind it gives excellent results. Another big plus is the high definition rear screen which knocks spots off the others.
So unless you are a die hard RAW user wanting poster sized prints the P310 is the best out there and you're left with up to £100 in your pocket.