All SSP articles – Page 2
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NewsSSP sees strong underlying trading momentum
In the UK and Ireland, sales are expected to strengthen to c.100% vs 2019, reflecting the improving performance and higher mix of the air channel
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Analysis & InsightValue for money driving consumer choices at travel outlets
A third of people say that value for money is now a key motivation when choosing a food and drink outlet in travel locations
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NewsSSP extends contract with London City Airport
SSP Group has been awarded a seven-year contract extension at London City Airport, which will see it bring new concepts to the travel hub
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NewsSSP completes banking refinance
The new financing consists of a £300m four-year term loan and a currently undrawn £300m revolving credit facility provided by a syndicate of banks
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NewsSSP revenues driven by air travel
UK & Ireland revenue remains at 94% of 2019 levels, driven by air travel due to the impact of industrial action on UK rail
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NewsLeon to debut in Italy
Leon is to make its Italian debut in Rome this October, as part of a partnership between SSP Group and Italian rail station operator Grandi Stationi
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NewsSSP sees travel volumes continue to recover
The company said despite the macroeconomic uncertainty, the travel food and beverage sector will remain “structurally resilient” to pressures on consumer spending
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NewsSSP expands into US with Midfield deal
The acquisition will add $100m ((£79m) to the travel concession group’s top-line revenue
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NewsRail strikes hit SSP UK trading
Revenues were 83% of 2019 in the four months to 31 January 2023, reflecting the impact of industrial action
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NewsSSP appoints Kari Daniels as UK&I CEO
Succeeding Richard Lewis, she spent more than 20 years at Tesco, recently as CEO of Tesco Ireland
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NewsSSP Group announces return to profit
The operator has announced its results for the year ended 30 September 2022, with recovery in passenger demand and a shift in focus towards North America and Asia
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NewsSSP sees passenger numbers rebound
The travel concession operator said trading had recovered to near 2019 levels
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NewsSSP announces exec appointments
They include Graham Woods, who will be joining the business as UK&I property director after 13 years as global property director at Pret
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NewsSSP buoyed by travel sector recovery
The food and beverage concessions operator reported steady recovery, with revenue running at 87% of 2019 levels overall and UK revenue at 82%
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NewsSSP launches new food-to-go concept
Soul + Grain in London’s Victoria station features pastries, salads, and freshly made sandwiches and toasties
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NewsSSP sees ‘significant rebound’ in travel sector
In the UK, sales are back to around 82% of pre Covid-19 levels, with the air sector boosted by strong leisure demand, and the rail business helped by the return of commuters in increasing numbers
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NewsUpper Crust owner faces revolt over paying bonuses despite keeping furlough cash
SSP is braced for a row with shareholders over a decision to pay bosses bonuses while refusing to repay taxpayer-funded furlough cash, The Sunday Telegraph reports
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NewsSSP reports revenue decline of +40%
The group said trading levels had improved over the summer and autumn, with revenue averaging 66% of 2019 levels in the first nine weeks of the new financial year.
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NewsSSP names new group CEO
SSP has appointed current Greencore chief executive Patrick Coveney, as group CEO.
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NewsSSP sees improvement in revenues in Q4
SSP Group expects to achieve revenues of around 47% of 2019 levels in the fourth quarter, ending 30 September 2021, as passenger numbers continue to rise.