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[philanderer] 12/6/2018 10:06

SSP partners with Welcome Break in motorway services offer


SSP has opened an Upper Crust unit at independent motorway service operator Welcome Break’s services unit in Oxford. Passengers are offered baguettes, pasties and sausage rolls from SSP’s Pasty Shop range.

Welcome Break is set to open further Upper Crust stores at Warwick North and Warwick South this month, along with a Pasty Shop in Telford .

SSP Group Commercial Director Sukh Tiwana said: “We are delighted to have begun this partnership with Welcome Break, one of the largest independent motorway service operators in the country.

“This new partnership will help us achieve a stronger presence in roadside dining, alongside our established presence in rail and air, and we look forward to securing further new opportunities for our Upper Crust brand.”

Welcome Break CEO Robbie Bell commented: “We are pleased to partner with Upper Crust at select Welcome Break locations across the UK. Welcome Break’s mission is to be famous for giving people on the move what they want, when they want it, in a passionate and profitable way, which is supported by SSP’s knowledge and understanding of the travelling public.”

[philanderer] 11/6/2018 10:47

Simon Calder @SimonCalder

4 minutes ago

Heathrow reports record May passenger numbers.
US strong due to royal wedding, apparently
Declining traffic to Middle East and Asia
Aircraft movements at LHR now averaging over 1,300 per day
Luton Airport also growing fast, demanding better transport links

[sogoesit] 06/6/2018 12:11

I don’t know how WHS make money.
Their outlets in the Far East (they’re in all airports I’ve visited) all full of crud. Maybe that’s why! Lol.

[philanderer] 06/6/2018 09:09

Read across from SMWH numbers for their travel outlets

[philanderer] 05/6/2018 17:23

SSP scoops £374m deal to operate 22 sites at Paris station


SSP, a leading operator of food and beverage outlets in travel locations worldwide, has unveiled the details of a £374m contract to operate 22 units at Montparnasse station in Paris.

The outlets will include a range of premium brands from celebrated French chefs. Among these are Pierre Hermé, who has been named World's Best Pastry Chef by The World's 50 Best Restaurants, well-known young artisan baker Gontran Cherrier, and new talented pastry chefs Yann Couvreur and Christophe Adam.

There will also be a Starbucks store, a healthy grab-and-go restaurant called EXKi, a restaurant from leading French premium burger brand Big Fernand and French bakery and café Brioche Dorée. The units will be located across all four levels of the station as well as in the metro station.

[philanderer] 31/5/2018 23:38

'SSP opens new units Taipei Station in Taiwan'

31-May-2018 | SSP News Release

SSP, a leading operator of food and beverage outlets in travel locations worldwide, has opened three new units at Taipei Station. The new units featured are CheeKei, Wee Nam Kee Hainanese Chicken Rice and Khaosoi House.

Chee Kei, a Michelin recommended Hong Kong brand in 2010, encapsulates the fine art of wonton noodles, fresh crab congee and Guangdong cuisine providing exceptional food quality and excellent customer service in an inviting environment.

Wee Nam Kee Hainanese Chicken Rice is a Singapore brand with a regional presence in the Philippines, Japan and Indonesia, serving the iconic Hainanese Chicken Rice and a wide variety of Nanyang-inspired dishes.

Khaosoi House is a concept created by SSP, which serves Northern Thai cuisine and specialty curry noodles.

“Taipei Station is renowned for its great collection of F&B offers,” said Chris Rayner, CEO for Asia Pacific at SSP. “With these new openings, we will be adding even more regional choices for passengers at the station. We are delighted to be embarking on this exciting new venture.”

Taipei Station has a daily traffic of over 500,000 and held the F&B business record in 2016 with sales figures of 2.2 billion TWD.

[philanderer] 30/5/2018 14:33

xd tomorrow morning for the 4.8p interim dividend

[eggbaconandbubble] 29/5/2018 08:55

Sell in May..........!

[sogoesit] 25/5/2018 14:56

Autogrill is an italian company, isn't it?
One might think Compass, who spawned SSPG, would be a likely suitor as well.
Whatever, on fundamentals 700+ here we come.
Buon weekend!

[philanderer] 25/5/2018 14:36

Question being asked on Alphaville this morning if there was any talk of Autogrill tie-up ;-)

[philanderer] 24/5/2018 18:24

Non-exec director selling 25,298 @ £6.49473 on tuesday.

Someone's made a nice turn on those ;-)

[philanderer] 21/5/2018 11:55

21st may Numis add tp 740p up from 710p

[eggbaconandbubble] 21/5/2018 09:53

I don't think the Mail's attempt to get some on the cheap has worked. lol

[philanderer] 21/5/2018 08:55

Thanks ihm , must have missed that 760p... good Ryanair numbers helping this morning ?

[ihatemms] 18/5/2018 11:42

Hi Phil- I believe up Morgan's old target was 7.60. Hence just a small change.

[philanderer] 18/5/2018 09:23

Citigroup upgrading to 'buy'....tp 720p up from 685p

JP Morgan retains 'overweight' tp 743p cut from 791p

[philanderer] 17/5/2018 10:47

Must be a big seller around.


Barclasys reiterates 'overweight'.. raises tp to 720p from 700p

[soundbuy] 17/5/2018 10:39

Hmmm.........surprised after yesterday........

[philanderer] 17/5/2018 09:11

I expect Goldmnsa shave come out with their 'sell' again ;-)

[philanderer] 17/5/2018 08:33

Liberum reiterates 'buy'

[ihatemms] 16/5/2018 12:51

Yep - SSGP is clearly undervalued. Will wait for the market to re- rate to well over £7.25 .

[sogoesit] 16/5/2018 12:40

On these eps growth rates I reckon the full year could look like 30p’ish (from 19p + 4p last year I think it was).
Paying 25x gives me a short term target of 750p.
Good luck!

[broadwood] 16/5/2018 10:30

- SSP Group, which operates food and beverage outlets at travel locations, posted a large rise in first-half profit after higher passenger volumes at airports helped boost sales.

Pre-tax profit rose 47% to £43.4m, while revenue rose 9.8% to £1.12bn.

Like-for-like sales grew 2.8%: driven by air passenger travel and retail initiatives, the company said.

SSP declared an interim dividend of 4.8p share, up 5% on-year.

'Looking forward, the second half has started in line with our expectations and whilst a degree of uncertainty always exists around passenger numbers in the short term, we continue to be well placed to benefit from the structural growth opportunities in our markets and our programme of operational improvements,' chief executive Kate Swann said.