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SSP Group Says CEO Simon Smith To Step Down
APG Asset Management N.V. Discloses About 11.27% Stake In SSP Group As Of June 4
SSP Group HY Pretax Loss 299.7 Mln Stg Vs. Loss of 34.3 Mln Stg
SSP Group plc is an operator of food and beverage concessions in travel locations, operating restaurants, bars, cafes, food courts, lounges and stores in airports, train stations, motorway service stations and other locations. The Company's segments are the UK, Continental Europe, North America and the Rest of the World (RoW). The UK includes operations in the United Kingdom and the Republic of Ireland; Continental Europe includes operations in the Nordic countries, France, Belgium, the Netherlands, Luxembourg, Germany, Switzerland, Austria and Spain; North America includes operations in the United States and Canada, and RoW includes operations in Eastern Europe, the Middle East and Asia Pacific. It has business at approximately 130 airports and over 280 rail stations, and operates approximately 2,000 units in over 30 countries around the world. Its brands include both international brands, such as Burger King and Starbucks, and its own brands, such as Upper Crust and Ritazza.
169 Euston Road
Independent Non-Executive Chairman of the Board
Chief Executive Officer, Executive Director
Chief Financial Officer, Executive Director
General Counsel, Company Secretary
Carolyn Jane Bradley
Senior Independent Non-Executive Director
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Snack food firm SSP Group said on Wednesday its chief executive officer, Simon Smith, plans to step down from his role at the end of 2021 to join a private equity-backed business.
Snack food firm SSP Group said on Wednesday its Chief Executive Officer Simon Smith plans to step down from the role to join a private equity-backed business.
* Shares trading down 0.5% at 0850 GMT (Adds CEO and analyst comment, share price)
Upper Crust owner SSP Group reported on Wednesday a bigger half-year loss, as air and rail travel were slow to take off despite many countries easing restrictions in the first three months of 2021.
* Shares down 3.4% in early trading (Adds share move, analyst comments, details from statement)
SSP said it expects to raise 475 million pounds ($660.63 million) through a rights issue as the Upper Crust owner braces for a prolonged downturn in the travel industry, predicting like-for-like revenue to not return to pre-pandemic levels before 2024.
SSP Group, the owner of the Upper Crust and Caffe Ritazza snack chains, said on Thursday it expects first-quarter sales to sink 80% due to rising COVID-19 cases in Europe after it reported an annual loss.
SSP Group, the owner of the Upper Crust and Caffe Ritazza snack chains, said on Thursday it expects first-quarter sales to sink 80% after it posted an annual loss due to coronavirus-led travel restrictions.
SSP, the owner of Upper Crust and Caffe Ritazza, said on Wednesday it expects overall sales in the second-half to be about 86% lower than last year, as the COVID-19 pandemic hit its food and drink outlets in airports and train stations.
British travel-food company SSP warned of a 50% fall in February sales across the Asia Pacific region as the coronavirus outbreak drove a collapse in domestic and international air travel, sending its shares to a more than two-year low.
British travel-food company SSP Group Plc posted higher quarterly revenue on Friday, but said some of its operations in North America were hit by flight cancellations following the grounding of Boeing's 737 MAX aircraft.
British travel-food company SSP Group Plc reported higher quarterly revenue on Friday but said some of its airports in North America were hit by the grounding of Boeing 737 MAX aircraft and the transfer of passengers away from its terminals.
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