Asia and North America fuels profits at SSP November 27, 2014 TRAVEL catering giant SSP delivered a strong jump in profits in its maiden full-year results since floating this summer, fuelled by growth across its businesses in North America and Asia Pacific. The group, which runs travel concessions for retailers such as Marks & Spencer, said underlying pre-tax profits, which exclude IPO costs, rose 61.4 per [...]
SSP share price rises as travel giant delivers jump in sales following IPO August 8, 2014 Food concessions giant SSP posted a 3.5 per cent rise in quarterly sales yesterday in its first set of results since floating last month. The group, which owns Upper Crust and also runs travel outlets for retailers such as Marks & Spencer and Starbucks, said like-for-like sales rose by 3.3 per cent in the three [...]
SSP float gives Kate Swann an upper crust pay packet July 10, 2014 Upper Crust owner SSP rose on its London stock market debut yesterday, helping net chief executive Kate Swann a multi-million pound payday. The group saw shares jump from a listing price of 210p to close at 215.75p after informal trading of the stock, a 2.75 per cent rise. Income fund managers such as Artemis, Old [...]
SSP prices its shares to go July 9, 2014 Upper Crust sandwich shop owner SSP will price its London stock market debut at the lower end of the range today at 210p. The group, which narrowed the price range from 200p to 240p to between 210p and 230p on Tuesday, will debut with a market cap of nearly £1bn. Investor demand for the issue [...]
IPO-bound SSP signs £135m deal for five units at Stansted Airport July 3, 2014 Food concession group SSP yesterday announced it had won a £135m seven-year deal to run five new units at London Stansted Airport. SSP, which is due to launch a flotation in the next few days, said that one of the concessions would be a high-end bakery concept, the James Martin Kitchen, created in partnership with the TV [...]
SSP employees take a bite out of firm’s £2bn stock market debut June 17, 2014 THE OWNER of train station food retailers Millie’s Cookies and Upper Crust is set to give its 30,000 employees a chance to buy a stake in the business. SSP, which unveiled plans to raise £500m from City investors by listing shares on the stock market, is considering plans to include an employee share ownership scheme [...]
SSP stays silent on float plans as profits take leap June 9, 2014 KATE Swann, the boss of travel catering giant SSP, stayed silent on potential plans for a £2bn float yesterday after posting a 28 per cent jump in operating profits. The private equity-owned group was said earlier this year to be gearing up for a float this month, after drafting in Goldman Sachs. Swann declined to [...]
SSP lines up advisers to work on possible public offering in London January 21, 2014 SSP has reportedly hired Lazard as it looks to go public on the London market. The firm, which runs cafes and restaurants at airports and train stations, could be valued at £2bn in a stock market float, according to the Telegraph. SSP hired former WH Smith boss Kate Swann to lead the firm last summer, [...]