Company
SSP Group plc
LON:SSPG
SSP is a leading operator of food and beverage concessions in travel locations, operating restaurants, bars, cafés, food courts, lounges and convenience stores in airports, train stations, motorway service stations and other leisure locations. We have business at approximately 140 airports and 280 rail stations, and operate more than 2,500 units in over 30 countries around the world.
75 stories
SSP eyes dividend return as revenue surge continues
US and Europe would be its focus in future said the Upper Crust owner
SSP sees full-year results ahead of guidance as travel recovery continues
Revenues in the fourth quarter recovered to around 91% of pre-pandemic 2019 levels
SSP flies higher as airport and train station traffic increases
Revenues in the first half were at 64% of the level in 2019 and in first six weeks of the second half this reached 83%
Looking forward to holidays as On The Beach and airport café group SSP report results
Based on the reaction to budget airline results in the past week, could be a good one for other travel-related stocks
SSP back in profit but cautious on outlook
The FTSE250 group expects to generate cash in the second half
SSP says CFO Jonathan Davies to take on additional role of deputy CEO
The appointment follows the recent announcement that Simon Smith will step down as CEO of the food and beverage outlet operator
Market not worried about ‘Freedom Day’ delay but pubs, restaurants fear job losses
The hospitality industry warned these measures will cost the sector around £3bn in sales and cause “economic long Covid”
SSP hit as travel recovery falters on global spike in COVID-19 infections
If current trends continue, SSP expects to have 1,200-1,500 units open over the summer
SSP Group interims to dominate on quiet Wednesday
The Upper Crust and Ritazza owner will be one of only a couple of major firms reporting figures at the mid-point of the week
Upper Crust owner SSP Group to raise £475mln via rights issue
The firm said recovery has been slower than it forecast late last year
SSP Group gets target price hike by Citigroup, Liberum as new year to bring recovery
Both the US bank and the City broker expect the firm to return to profits in the second half of the current financial year
Upper Crust owner SSP Group expects sales to remain depressed after slumping to full-year loss
Sales in the quarter to December 31 are expected to remain 80% down compared to 2019
Investments and investor services
Unemployment data plus numbers from Purplebricks and Shaftesbury in Tuesday's calendar
Other companies announcing include SSP Group and Chemring
Archive
Purplebrick, Dixons Carphone, Serco Group and Bank of England on the agenda for coming week
Other results and statements in the week are expected from SSP, Shaftesbury and Watches of Switzerland
Upper Crust owner SSP Group sees modest recovery but expects tough winter
Current weekly sales are running at 76% below last year, better than June's 90% slump
SSP Group mulls 5,000 job cuts as pandemic batters travel sector
The catering and retail outlet owner said sales in April and May, when lockdown measures were in full effect, were down 95% year-on-year
SSP Group raises £11mln via share placing to offset dividend costs
Last year’s 6p final dividend was scheduled to be paid on Thursday for a £26.8mln outflow
SSP Group proposes investors to trade dividend for shares as sales crash 95%
The operator of food venues in travel location saw a harsher impact than expected on trading
Firms undertake fundraisers to either survive or exploit coronavirus crisis
The pandemic has driven some firms to tap the market to stay afloat, while others have spied an opportunity to boost their businesses from increased demand for remote entertainment and medical research
SSP Group gets backing for £216mln emergency cash call
The operator of food and drink outlets in airports and train stations expects a 40% drop in revenue for March
SSP adds name to growing list of coronavirus warnings
Travel restrictions have had a major impact on its food and drink concessions in airports and railways stations
SSP Group shrugs off headwinds, proposes acquisition in Germany
In the three months to 31 December, total group revenue grew by 7.5%, comprising like-for-like sales growth of 1.2% and net contract gains of 6.3%
SSP Group’s growth grounded by Boeing Max 737
External challenges such as economic uncertainty and political events are set to continue over the next year
SSP Group sees revenue rise by 10% for third quarter
Group-wide the company said it expects to see like-for-like sales growth of around 2% for the full year.
Airlines, plane manufacturers and tour operators beware - space could be your Kodak moment
At a price of $2,500 per trip, swapping space flights for long-haul trips is an opportunity that could be worth over $20bn a year to the travel industry
SSP Group ticks up as it makes good start to new year
The FTSE 250 firm said during its first-quarter revenues had increased by 7.6% in constant currency, with LFL sales and net contract gains rising 2.5% and 3.8% respectively
SSP weak as news Kate Swann to quit as chief executive officer offsets full-year profit rise
The company said Swann – formerly CEO of WH Smith - will leave her role at the end of May 2019 and will be succeeded by Simon Smith, who is currently the UK and Ireland CEO
FTSE 100 closes firmly to the good despite EU tensions
Mid-cap cousin FTSE 250 was also higher. It surged over 218 points to close at 18,584.
Archive
Pre-Thanksgiving smorgasbord as plethora of blue-chips report
A relative cornucopia of firms are scheduled to report results on Wednesday ahead of the US holiday, with a sprinkling of and UK and US economic data to taste
SSP sees annual sales uplift boosted by growing air passenger numbers
SSP operates various food and beverage outlets in airports and train stations, including Burger King and Starbucks, as well as some of its own brands such as Upper Crust
SSP flies higher as rise in number of air passengers boosts Q3 sales
SSP operates various food and beverage outlets in airports and train stations, including Burger King and Starbucks, as well as some of its own brands such as Upper Crust
Archive
Boozy Wednesday in the City with Marston’s, Mitchells & Butlers and Bulmers maker C & C all due
It might not be Friday but it could be a messy one in the Square Mile nonetheless, particularly for the pub chains, which are likely to have felt the force of the ‘Beast from the East’
Ladbrokes Coral and TUI slide on JP Morgan downgrade
Both firms had a good run last year but travel and gaming news is unlikely to be as supportive now, says the broker
FTSE 100 edges higher as "Spreadsheet Phil" sings 'This old house'
Lloyds's shares were changing hands at a rate of knots, while the house-builders saw some of their recent handsome gains creamed off
Archive
Hammond under pressure to cut deficit and boost public spending in Budget amid Brexit talks
It's all about the Autumn Budget on Wednesday with the spotlight on Philip Hammond
SSP shares gain after robust third quarter update showing solid revenue growth
An increase in like-for-like sales in the FTSE 250-listed firm's third quarter was driven by a positive benefit arising from the timing of Easter and increased air passenger numbers
Investments and investor services
Sky, Unilever and Diageo all on the agenda for a busy Thursday
BT Group shocked investors earlier this week so many will be waiting on tenterhooks to hear whether TV and broadband bundling rival Sky is faring better.
Archive
Small decline in 2016 revenue tipped for Unilever
Also reporting: Diageo, Daily Mail, Sky, Anglo American, Lonmin, St James's Place and Whitbread
Archive
What will Merlin Entertainments pull out the hat on Tuesday?
Merlin Entertainments is due to release fourth quarter trading update on Tuesday.
Archive
Week Ahead: Are overseas buyers returning to Berkeley's London homes?
Big names reporting this week: Aberdeen Asset, Merlin Entertainments, Daily Mail, Sage Group and Berkeley Group
Jefferies sees “valuation support” for London’s E&Ps
Soco, Tullow, Premier and Ophir were among those in Tuesday’s broker spotlight.
Risers & Fallers: SSP Group, mporium, Thor Mining and more...
Below are the main news-driven share price movements at 4pm.
Thursday’s agenda – Traders look to raise a cheer for Marstons
Thursday sees big cap pub group Marston's report results.....