Hints and tips:
...In Europe, which accounts for two-thirds of SSP’s revenue (inc. UK), IATA forecasts Q3 capacity down 45% vs. down 90% in Q2....
...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....
...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....
...Marion Helmes, a director at British American Tobacco, Vagn Sørensen at SSP, the airport food retailer, and Sir Nigel Rudd at engineer Meggitt suffered large protest votes against over concerns they were...
...all times CET): 07:00: Roche08:00 Deutsche Bank08:00 Electrolux08:00 Hennes & Mauritz08:00 Diageo Half Year08:00 Anglo American08:00 KAZ Minerals08:00 3i Q308:00 Euromoney trading08:00 FirstGroup Q308:00 SSP...
...SSP, which floated last summer, has reported full year profits before tax £10.5m higher at £82m....
...UK food retailer SSP, which operates outlets such as Upper Crust and Millie’s Cookies, has served its shareholders a maiden interim dividend of 2.1p a share following its stock market flotation last year...
...There are high hopes, too, for the expected float of SSP, the station caterer under Kate Swann’s shrewd management. Barring unforeseen economic shocks the IPO market is not shutting....
...SSP was spun-off from the FTSE 100 food service group Compass in June 2006 in a deal worth £1.8bn....
...In a statement on Thursday, SSP said it had “been alerted to a security vulnerability following an unauthorised attack performed on the integration between Google Compare and SSP”....
...Ranjit Boparan, a self-made entrepreneur who likes taking on underperforming food businesses, has bought the chain from SSP, the travel outlet operator owned by Swedish private equity firm EQT....
...Other members of the group include MSD Capital, the investment vehicle of Michael Dell; SSP Offshore, managed by Soros Fund Management; Stone Point Capital and an affiliate of Silar Advisors....
...Large syndications are expected this week for SSP, the travel concessions business of Compass, and Kabel BW, the German cablecompany....
...Though the details of the SSP package have not been finalised, the expectation in the market is that the deal will provide further illustration of this shift by relying heavily, if not exclusively, on forms...
...Whitbread is expected to sell one of its businesses to help finance any move for SSP....
...The Sunday Telegraph ■The break-up of Compass, the troubled caterer, has been thrown into doubt after it emerged that it is demanding that bidders for SSP, its transport and catering business, continue...
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