All SSP articles – Page 3
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NewsSSP considering equity options
SSP Group has confirmed it has drawn down £300m from the Bank of England CCFF (Covid Corporate Financing Facility), and is exploring further funding options.
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NewsSSP menus cut by up to 60% during pandemic
Travel hub operator SSP has simplified its menus by up to 50-60% during the pandemic, which could result in smaller menus remaining post-covid, according to an analysts’ note by Peel Hunt.
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NewsSSP optimistic for “slow and steady” recovery
Travel hub operator SSP Group has said it remains optimistic in its ability to adapt to and capitalise on the return of the travel market next year despite incurring huge losses in 2020.
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NewsSSP sales continue to struggle
SSP Group has predicted a bleak H2 outlook as the coronavirus crisis continues to hit sales.
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NewsSSP set to make 5,000 redundant
SSP has revealed plans to make 5,000 people redundant thanks to the “unprecedented impact” the coronavirus has had on the travel sector. In a trading update it said it had taken “rapid and decisive management action” in an attempt to “protect our colleagues and customers and to preserve cash and liquidity for the duration of the many government restrictions” worldwide. However, CEO Simon Smith, said despite some “early signs of recovery in some parts of the world” in the UK the “pace of the recovery continues to be slow.
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NewsSSP secures 24-unit Dublin Airport contract
SSP Group has secured a new ten-year contract at Dublin Airport which will see it trade 24 units.
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NewsSSP reports “robust” UK growth
SSP has reported a “good start to the financial year” in its first quarter trading update released today, as lfls growth in the UK and North America remained “robust”.
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NewsLeon to open further sites with SSP
Leon is to expand its partnership with travel hub operator SSP, with a new opening planned for Cobham Services on the M25, MCA understands.
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NewsSSP deliver rise in sales and profits
SSP has revealed a 7.8% rise in pre tax profits to £197.2m for the year ended 30 September 2019. Sales were also up 9% to £2,794.6m. It said it had achieved the results despite an “unusual number of external headwinds during the year, including disruption from the ‘Gilets Jaunes’ protests in France, slower passenger growth and the impact of a number of airport redevelopments in the Nordic countries and in Spain, the grounding of Boeing Max 737 aircraft in North America, and weaker Chinese passenger numbers and the cessation of operations of Jet Airways in the Asia Pacific region.
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NewsWarrens Bakery to open at Gatwick with SSP
Warrens Bakery is to open a second airport site, this time at Gatwick Airport as part of a new partnership with SSP.
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NewsTortilla teams up with SSP
Tortilla has signed a development agreement with SSP Group, which will see the Mexican fast-casual brand open five travel hub sites within the next year.
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NewsSSP reports sales lift
SSP has reported a sales boost of 9.2% for the third quarter ending 30 September 2019, covering the period from 1 April to 30 June 2019.
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NewsPret opens first Swiss sites with SSP
Pret A Manger has opened its first shops in Switzerland at Zurich Airport, through its partnership with SSP.
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NewsSSP sees boost in London rail hubs
SSP, the concessions operator, has reported steady growth fuelled by station redevelopments in London and rising air passenger numbers.
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NewsCrussh announces second SSP site
Crussh, the healthy food and juice chain, will open a second rail site with SSP, in London Bridge in Spring 2019.
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OpinionQ&A with Simon Smith, SSP
MCA talks to Simon Smith, chief executive of SSP UK & Ireland, about partnerships, the evolution of the travel hub market and developing new concepts
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NewsSSP seeks to evolve in-house brands
SSP UK & Ireland chief executive Simon Smith has told MCA that the group continues to evolve its in-house brands as well as seeking further partnerships with established operators.
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NewsSSP launches new concept at Stansted Airport
SSP has opened a new concept at Stansted Airport called The Camden Bar & Kitchen.
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NewsSSP and Welcome Break extend partnership
SSP and Welcome Break are to extend their partnership which has already seen an Upper Crust unit open at Oxford Services.
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NewsSSP appoints UK MD
SSP has appointed a former Poundland executive as managing director for its UK operation, MCA understands.