Archive of all SSP Group articles
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NewsSSP shares surge on profit recovery plan
SSP Group shares surged by as much as 12% this week as the catering operator looked to put the pandemic and constant train strikes in the UK behind it
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NewsCity news: SSP Group shares boosted by positive momentum
SSP Group shares received a double-digit boost this week after its third quarter trading was boosted by fewer railway strikes in the UK and improved consumer sentiment.
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NewsCity snapshot: SSP Group on track as reduced industrial action helps lift Q3 sales
The Upper Crust operator said in a trading update that it had started the second half of its financial year “well”, with positive momentum from the first six months continuing in Q3
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NewsCity news: M&S delights investors as turnaround finally takes hold
Investors lapped up declarations from Stuart Machin of Marks & Spencer entering a new era as a hard-fought and long-awaited turnaround started to bear fruit
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NewsCity snapshot: Demand for chicken and pork boosts Cranswick
Meat processor Cranswick has hailed a year of “strong” financial progress as demand for chicken and pork recovered. Plus, the latest Kantar grocery market share data, first-half results for Greencore and SSP, and a trading update from Naked Wines
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NewsCity snapshot: SSP Group expands Australian footprint with ARE deal
Travel food-to-go operator SSP Group has expanded its presence in Australia with the acquisition of Airport Retail Enterprises
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NewsCity Snapshot: SSP Group increases global footprint with Canada acquisition
SSP Group has announced a further expansion in its geographic reach with a deal to acquire a Canadian food airport operator and will also open further units in Saudi Arabia
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NewsCity News: SSP Group sales leap past pre-pandemic levels and profits soar
Travel retail specialist SSP Group has continued to recover strongly from Covid with sales of £3bn – higher than pre-pandemic – and profits of £200m
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NewsCity snapshot: SSP Group annual revenues to reach £3bn on travel rebound
Travel retail specialist SSP Group has forecast its annual revenues will jump 37% to £3bn on the rebound in travel passenger numbers at home and abroad
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NewsMedia Bites 24 May: Food price inflation, SSP Group, Ocado
Britain’s food manufacturers have rejected government claims that they are stoking inflation
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NewsCity snapshot: SSP expands in North America with Midfield acquisition
Travel food retail specialist SSP Group has grown its business in North America with the acquisition of the concessions business of Midfield Concession Enterprise. Plus trading updates from Virgin Wines and Domino’s Pizza Group
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NewsSSP shares soar as Upper Crust owner shows signs of recovery
Shares at SSP Group soared higher today as the markets welcomed hopes of a sustained recovery at the food-to-go group following the pandemic
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NewsCity Snapshot: Lidl and Aldi grab more share as grocery inflation hits 13-year high
Food price inflation has hit its highest level for 13 years, with Lidl and Aldi stealing more market share from rivals, according to Kantar. Plus, annual results from Cranswick and interims from Greencore and SSP Group, with a trading statement from Hilton Food Group.
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NewsCity snapshot: SSP Group sales recovery hit by Omicron
Travel food retail specialist SSP Group has reported a “good” start to its financial year, though its recovery in revenues was hit in December and January by the spread of the Omicron variant. Plus, Carlsberg 2021 revenues top pre-Covid sales, UK footfall remains supressed and all the rest of the latest news from the City.
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NewsCity News: Investors stick with SSP Group despite Omicron wobble
The Omicron Covid variant may have wobbled travel food retailer SSP Group’s ongoing recovery, but investors remained unshaken this week by a second £400m loss and the threat of further travel disruption
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NewsCity Snapshot: McColl’s warns of continued supply chain disruption as revenues fall by £140m
McColl’s has warned it will continue to be hit by supply chain shortages as the c-store group revealed revenues tumbled 11.2% to £1.1bn in 2021. Plus, SSP sinks to another loss of more than £400m, and Nestle sells 4% of its L’Oreal holding.
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NewsPatrick Coveney leaves Greencore to join SSP Group as CEO
Greencore CEO Patrick Coveney is to leave the food-to-go specialist to take the reins at SSP Group
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NewsCity snapshot: SSP Group slumps to £300m loss as Covid continues to hammer Upper Crust owner
Upper Crust and Ritazza owner SSP Group has fallen to first-half pre-tax losses of £300m as the ongoing coronavirus restrictions wiped out revenues. Plus, the European Commission has given Total Produce the all clear for its combination with Dole Food Company.
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NewsCity snapshot: SSP Group launches £475m rights issue as it readies for slow Covid recovery
Upper Crust owner SSP Group is planning to raise £475m from shareholders in a rights issue to strengthen the balance sheet and prepare for a recovery from the coronavirus pandemic as lockdown restrictions begin to lift. Plus, Dutch dairy company FrieslandCampina agrees jv with Egyptian cheese maker to focus on the exports to Africa and the Middle East. And Science in Sport reports full-year results.
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NewsCity Snapshot: SSP Group loses £426m amid COVID sales collapse
Travel specialist SSP Group has reported a near-50% plunge in annual revenues and a £426m pre-tax loss due to the coronavirus. Plus, Cranswick withdraws from IPN race, Sainsbury’s Bank names new chair and all the rest of the latest news from the City.