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SSP Group PLC (SSPG.L)

SSPG.L on London Stock Exchange

652.00GBp
11 Dec 2019
Change (% chg)

15.00 (+2.35%)
Prev Close
637.00
Open
652.00
Day's High
668.00
Day's Low
647.00
Volume
339,042
Avg. Vol
825,943
52-wk High
751.20
52-wk Low
602.00

Latest Key Developments (Source: Significant Developments)

SSP Group Extends Partnership With Tai Cheong Bakery
Friday, 29 Nov 2019 

Nov 29 (Reuters) - SSP Group PLC ::SSP GROUP PLC - EXTENDED ITS PARTNERSHIP WITH HONG KONG BRAND TAI CHEONG BAKERY WITH OPENING OF A NEW UNIT AT TAIPEI CITY HALL STATION.  Full Article

SSP Amends Operation of Annual Bonus For CEO, To Undertake Consultations With Shareholders
Friday, 16 Aug 2019 

Aug 16 (Reuters) - SSP Group PLC ::BOARD AND SENIOR MANAGEMENT TEAM CONTINUE TO BELIEVE VAGN SØRENSEN IS A VERY "EFFECTIVE INDEPENDENT CHAIRMAN".AMENDED OPERATION OF ANNUAL BONUS FOR SIMON SMITH, BONUS TO BE DETERMINED BY GROUP'S FINANCIAL PERFORMANCE, HIS PERSONAL PERFORMANCE.BOARD TO CONTINUE TO ENGAGE WITH SHAREHOLDERS ON SØRENSEN'S PORTFOLIO OF BOARD APPOINTMENTS, LENGTH OF TENURE AS DIRECTOR UNDER REVIEW.TAKING INTO ACCOUNT FEEDBACK FROM SHAREHOLDERS AT TIME OF AGM, AMENDED OPERATION OF ANNUAL BONUS FOR CEO SIMON SMITH.TO UNDERTAKE CONSULTATIONS WITH LARGEST SHAREHOLDERS, MOST INFLUENTIAL PROXY ADVISORS ON PAY AWARDED IN 2019, FUTURE REMUNERATION ARRANGEMENTS.  Full Article

SSP Group Successfully Signs $199.5 Mln & Eur 58.5 Mln Issue Of U.S. Private Placement Notes
Friday, 12 Apr 2019 

April 12 (Reuters) - SSP Group PLC ::SUCCESSFUL SIGNING OF A US$199.5M AND EUR 58.5M ISSUE OF US PRIVATE PLACEMENT NOTES.NOTES TO BE ISSUED BY UNIT OF SSP GROUP PLC AND GUARANTEED BY SSP GROUP PLC AND TWO OTHER WHOLLY-OWNED GROUP SUBSIDIARIES.PROCEEDS FROM NOTES WILL LARGELY BE USED FOR REPAYMENT OF EXISTING INDEBTEDNESS, ANY REMAINDER BEING USED FOR GENERAL CORPORATE PURPOSES.  Full Article

SSP Group Says Qtrly Total Group Revenue Up 7.6% On Constant Currency Basis
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - SSP Group PLC ::QTRLY TOTAL GROUP REVENUE INCREASED BY 7.6% ON A CONSTANT CURRENCY BASIS.QTRLY LIKE-FOR-LIKE SALES GROWTH OF 2.5%.QTRLY TOTAL GROUP REVENUE GROWTH AT ACTUAL EXCHANGE RATES WAS 7.7%.FY EXPECTATION FOR LIKE-FOR-LIKE SALES GROWTH FOR GROUP REMAINS UNCHANGED, AT BETWEEN 2% AND 3%.LFL SALES GROWTH IN CONTINENTAL EUROPE IMPACTED BY RECENT PROTESTS IN FRANCE TOWARDS END OF QUARTER, BY REDEVELOPMENT ACTIVITY AT SOME SITES.QTRLY NET CONTRACT GAINS AT 3.8% WERE SLIGHTLY AHEAD OF OUR EXPECTATIONS.NEW FINANCIAL YEAR HAS STARTED WELL AND PIPELINE OF NEW CONTRACTS IS ENCOURAGING.OVERALL IMPACT ON REVENUE OF MOVEMENT OF FOREIGN CURRENCIES IN Q1 COMPARED TO SAME PERIOD LAST YEAR WAS ABOUT 0.1%.IF CURRENT SPOT RATES CONTINUE TO REMAINDER OF FY19, CONTINUE TO SEE POSITIVE CURRENCY IMPACT ON FY REVENUE OF AROUND 1% VERSUS AVERAGE RATES USED FOR 2018.  Full Article

SSP Group's CEO Kate Swann To Step Down
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - SSP Group PLC ::SSP GROUP PLC - KATE SWANN HAS DECIDED TO STEP DOWN FROM HER ROLE AS GROUP CHIEF EXECUTIVE OFFICER.SSP GROUP PLC - KATE SWANN HAS DECIDED TO STEP DOWN FROM HER ROLE AS GROUP CHIEF EXECUTIVE OFFICER ON 31 MAY 2019..SSP GROUP PLC - KATE WILL BE SUCCEEDED BY SIMON SMITH.SSP GROUP PLC - SIMON HAS JOINED PLC BOARD WITH IMMEDIATE EFFECT AND WILL BE APPOINTED AS CEO ON 1 JUNE 2019.  Full Article

SSP Group Proposes £150m Special Dividend
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - SSP Group PLC ::FINAL RESULTS.NEW FINANCIAL YEAR HAS STARTED IN LINE WITH OUR EXPECTATIONS.FY UNDERLYING OPERATING PROFIT OF £195.2M.FY REVENUE OF £2,564.9M: UP 9.5% AT CONSTANT CURRENCY.FY NET GAINS OF 5.1%.FY LIKE-FOR-LIKE SALES UP 2.8%.PROPOSED C. £150M SPECIAL DIVIDEND AND SHARE CONSOLIDATION, UNDERPINNING CONFIDENCE IN BUSINESS.  Full Article

SSP Says FY Like-For-Like Sales Growth Unchanged At Between 2 Pct To 3 Pct
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - SSP Group PLC ::PRE CLOSE TRADING UPDATE.TRADING IN Q4 HAS BEEN IN LINE WITH OUR EXPECTATIONS.Q4 LIKE-FOR-LIKE SALES GROWTH CONTINUING AT A SIMILAR LEVEL TO THAT SEEN IN Q3.EXPECTATIONS FOR LIKE-FOR-LIKE SALES GROWTH IN FULL YEAR REMAIN UNCHANGED AT BETWEEN 2% AND 3%.TRADING IN RAIL SECTOR HAS REMAINED SOFT DURING YEAR.NET CONTRACT GAINS FOR FULL YEAR ARE EXPECTED TO BE AROUND TOP END OF PREVIOUSLY ANNOUNCED RANGE OF 4.5% - 5.0%.ACQUISITIONS OF TFS IN INDIA AND STOCKHEIM ARE PERFORMING WELL AND ARE EXPECTED TO ADD APPROXIMATELY 1.5% TO REVENUE IN FULL YEAR.  Full Article

SSP Says NS Awarded Contract To Take Over Operations Of 29 Starbucks Stores
Friday, 3 Aug 2018 

Aug 3 (Reuters) - SSP Group PLC ::NEDERLANDSE SPOORWEGEN AWARDED SSP CONTRACT TO TAKE OVER OPERATIONS OF 29 STARBUCKS STORES OPERATED IN LICENSED PARTNERSHIP.NS TO CEASE OPERATING SOME F&B, RETAIL UNITS; TO HAND OVER OPERATIONS OF STARBUCKS STORES EARLY JAN 2019, WITH COLLEAGUES TRANSFERRING TO CO.  Full Article

SSP Qtrly Total Group Revenue Increased By 7.3 Pct
Tuesday, 17 Jul 2018 

July 17 (Reuters) - SSP Group PLC ::QTRLY TOTAL GROUP REVENUE INCREASED BY 7.3% ON A CONSTANT CURRENCY BASIS.QTRLY LIKE-FOR-LIKE SALES GROWTH OF 2.7%, NET CONTRACT GAINS OF 3.3%.  Full Article

SSP Group HY Like For Like Sales Up 2.8 Pct
Wednesday, 16 May 2018 

May 16 (Reuters) - SSP Group PLC ::SSP GROUP - HY UNDERLYING OPERATING PROFIT OF 55.2 MILLION STG, UP 32.6 PERCENT AT CONSTANT CURRENCY.SSP GROUP PLC - HY LIKE FOR LIKE SALES UP 2.8 PERCENT.SSP GROUP PLC SAYS INTERIM DIVIDEND OF 4.8 PENCE PER SHARE.SSP GROUP PLC SAYS HY REVENUE OF 1,177.8 MILLION STG, UP 11.9 PERCENT AT CONSTANT CURRENCY.SSP GROUP - H2 STARTED IN LINE WITH OUR EXPECTATIONS AND WHILST A DEGREE OF UNCERTAINTY ALWAYS EXISTS AROUND PASSENGER NUMBERS IN SHORT TERM.SSP GROUP - ANTICIPATING H2 LIKE-FOR-LIKE SALES TO REMAIN IN REGION OF 2% - 3% AND EXPECT TO SEE ONGOING INCREASES IN FOOD AND LABOUR COST INFLATION.  Full Article

Britain's SSP posts higher revenue, flags hit from Boeing 737 MAX grounding

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.