SSP revenue increases as it acts on strategic initiatives
29th Nov 2016 08:25
(ShareCast News) - Starbucks and Burger King travel food operator SSP Group reported a rise in full year revenue as it focuses on delivering shareholder value. The FTSE 250 company said its strategy is to optimise like-for-like sales growth, expand globally, optimise gross margins and generate opera
Read moreSSP Group to partner with K Hospitality Group to enter Indian food market
20th Oct 2016 07:51
(ShareCast News) - SSP Group, a food and beverage operator in travel locations, has partnered with K Hospitality Group to create a joint venture in order to enter the Indian market. The company agreed to create a joint venture where it will buy a 49% stake for £57.9m in Travel Food Services, an oper
Read moreBroker tips: Rolls-Royce, SSP, easyJet
10th Oct 2016 10:19
(ShareCast News) - Rolls-Royce got a boost on Monday after JPMorgan Cazenove upgraded its price target on the stock to 890p from 835p as it took a look at the UK aerospace and defence sector. The bank said it was updating its earnings per share estimates, mostly for the recent strengthening of the d
Read moreNumis initiates SSP at 'buy'
10th Oct 2016 09:00
(ShareCast News) - Numis on Monday initiated its rating on SSP at 'buy' with a target price of 390p, saying it sees further upside in margins. The broker expects the owner of food and beverage franchises at airports and train stations will achieve a 60 basis point (bp) increase in margins in fiscal
Read moreWeaker pound lifts SSP revenue
19th Jul 2016 07:33
(ShareCast News) - FTSE 250 food and beverage outlet operator SSP said on Tuesday that if sterling remains weak due to the Brexit vote, its full-year revenue could be lifted by around 3%. In a trading update for the three months to 30 June, the company said revenue rose by 4.8% on a constant currenc
Read moreThursday broker round-up
19th May 2016 13:42
(ShareCast News) - Countryside Properties: JP Morgan reiterates overweight with a 280p target. SSP Group: Citigroup retains buy with a 340p target. Polymetal International: Jefferies keeps at underperform with a 520p target and UBS reiterates neutral with a target price of 675p and Deutsche Bank st
Read moreHungry airline passengers drive growth at SSP Group
18th May 2016 09:41
(ShareCast News) - Travel food and beverage operator SSP Group revealed impressive first-half growth on Wednesday, with operating profit up 28% at constant currency and 22.6% at actual exchange rates to £30.9m in the six months to 31 March. The FTSE 250 firm said like-for-like sales grew 3.3%, drive
Read moreSSP says full year guidance remains "positive and unchanged"
28th Jan 2016 11:00
(ShareCast News) - SSP Group, which operates food and beverage outlets at airports around the world, said its full year expectations remain "positive and unchanged" . In a trading statement for the first quarter ended 31 December 2015, the group said total revenue rose 6.2% on a constant currency ba
Read moreSunday share tips: SSP, Polyus Gold
4th Oct 2015 19:47
(ShareCast News) - SSP has done well since its flotation in July 2014. The company operates 2,000 food outlets spread out across 124 airports and 270 stations worldwide. Company chief Kate Swann, who is credited with turning around WH Smith, has built a strong plan to continue growing the business.
Read moreSSP acquires 32 Germany bakery outlets
7th Aug 2015 07:52
(ShareCast News) - SSP Group has agreed to acquire a profitable group of 32 bakery outlets in Germany from Wiener Feinbäckerei Heberer for a cash consideration of approximately £5m. Out of the total, 30 outlets are located in railway stations and two in airports, and the profit attributable to the a
Read moreSSP accelerates revenue growth but currency drags
21st Jul 2015 08:47
(ShareCast News) - Food and beverage operator SSP posted constant currency revenue growth of 4.1% for the third quarter to 30 June 2015. The jump accelerated the 2.6% revenue growth the food operator posted at the halfway stage and was consistent with expectations. SSP said like-for-like sales grow
Read moreFTSE 250 movers: Booker soars on retail bid, Inchcape hit by weaker revenue
21st May 2015 13:20
London's secondary equity index was inching higher on Wednesday afternoon, buoyed by stronger than expected retail sales and strong performances from mining, telecommunications and pharmaceutical stocks. As of 3:40, the FTSE 250 was trading 4.4 points higher at 18,140. Food wholesaler Booker jumped
Read moreSSP Group interim profits soar 50% but analysts warn of challenges ahead
21st May 2015 10:33
Despite a 50% rise in half-year profits and a maiden interim dividend, shares in food outlet operator SSP Group were binned by investors on Thursday morning, as earnings were likely to be heavily second-half weighted. SSP, which runs restaurants, shops and cafes in train stations and airports for th
Read moreSSP sales affected by strong sterling
7th Aug 2014 12:14
In its first quarterly results since its July flotation, food outlet operator SSP reported a 1.4% drop in sales in the quarter to the end of June, due to the impact of currency headwinds. It is the latest in a string of companies to be hurt by the strength of sterling against other key currencies i
Read moreSSP shares begin trading after IPO
10th Jul 2014 14:47
Shares in train station food outlet operator SSP Group received a lukewarm welcome as unconditional dealings began on Thursday, having raised almost £0.5bn for the company to pay down debt and around £15m for selling shareholders. With former long-time WH Smith boss Kate Swann at the helm, SSP is
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