City company gains a record couple of points (7)
I believe the answer is:
cologne
'city' is the definition.
(Cologne is an example)
'company gains a record couple of points' is the wordplay.
'company' becomes 'co' (abbreviation).
'gains' means one lot of letters go next to another.
'a record' becomes 'log' (log is a kind of record).
'couple of points' becomes 'ne'.
'co'+'log'+'ne'='COLOGNE'
(Other definitions for cologne that I've seen before include "Scent - German city" , "German city and mild perfume" , "Foreign city" , "Eau de _____" , "European city" .)