Hints and tips:
...market share figures and price inflation Results: Ashtead Group Q2, AutoZone Q1, DiscoverIE HY, Drax trading update, Ferguson Q1, JM Smucker Q2, Marston’s FY, Moonpig HY, Oxford Metrics FY, Peel Hunt HY, SSP...
...(The Lens / Substack) — Inequality hysteresis (Vox EU) — Do more and do better: a portrait of Larry Summers (Harvard Gazette) — RNS watch: Biffa bid for; SSP says things are improving; Saga interims;...
...Arachne, a $100m project planned for launch in 2025, is an effort to deliver SSP to remote military bases....
...Central America would bear the brunt of the increased temperatures, with up to 20m people living in mean annual temperatures of 29C....
....-90% YoY, with stronger performances in Continental Europe and North America....
...Before the pandemic, SSP employed 40,000 people in 35 countries....
...Mitsubishi UFJ Financial Group, one of Japan’s three megabanks, has promoted Kevin Cronin to head MUFG’s Americas business. He succeeds Stephen Cummings, who will be retiring....
...All this growth from nowhere in spite of SSP not operating defacto monopolies! Coo....
...SSP Group, the travel food retailer behind outlets such as Upper Crust and Caffè Ritazza reports on Thursday....
...Essential comment before you go Laura Noonan Goldman Sachs has a new title it may have to live with: America’s riskiest big bank....
...In the UK, JPMorgan pulled out of a recent £324m debt and equity rescue package for airport concession operator SSP, despite being the company’s corporate broker....
...WH Smith follows travel concession operator SSP and recruiter Hays in raising cash. Retailers have been among the worst affected businesses....
...Fast forward six months later and one of America’s top boutiques, Centerview Partners, announced it has hired Pigasse to lead its new French office, DD’s James Fontanella-Khan and Sujeet Indap reported....
...Rental Solutions (48% FY20E EBITA) underlying revs -1% with North America +5% (H1+7%). This was driven by strong oil and gas-related activity as well as building and construction....
...Before she goes Ms Swann said she had some big projects to oversee, including SSP’s entry into South America with two contracts in Brazil worth a total of £70m over nine years....
...We are Buy rated on SSP as a way to play the recovery in travel without direct exposure to airlines. £750m liquidity to trade through even a most pessimistic trading scenario....
...Hays, the recruitment company, enlisted Bank of America to work with house brokers Jefferies and UBS to raise £200m....
...ARMK, CPG & SSP remain Buy. We upgrade EXHO to Buy (from Neutral) and downgrade Elior to Neutral (from Buy). We also upgrade RTN to Buy....
...Kate Swann, chief executive of the SSP said: We have continued to grow our presence across the world, particularly in North America and Asia and our new business in India is performing well....
...Kate Swann, chief executive of travel food retailer SSP will step down next year, the FT reported....
...Copycat deals are not unfathomable in the Trump era, but we’re unlikely to see the likes of JPMorgan Chase or Bank of America consolidate....
...SSP reported steady like for like sales growth of 3.1 per cent, with further growth coming from new businesses in North America and Asia....
...Much of SSP’s revenue lift-off has come not from its UK and European operations, which make up over three-quarters of sales, but from North America....
...I am particularly encouraged by the pace of development in our North America and Asia Pacific operations. Looking forward, the second half has started in line with our expectations....
...Here is the full rundown (all times GMT): Earnings: 06:00 Telenor06:00 Volvo Trucks06:00 Akzo Nobel06:00 Ericsson06:00 Novartis06:00 TomTom07:00 Royal Mail07:00 IG Group07:00 SSP Economy: 09:00 ECB Bank...
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