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SSP share price rises as travel giant delivers jump in sales following IPO
Food concessions giant SSP posted a 3.5 per cent rise in quarterly sales yesterday in its first set of results since floating last month.
The group, which owns Upper Crust and also runs travel outlets for retailers such as Marks & Spencer and Starbucks, said like-for-like sales rose by 3.3 per cent in the three months to 30 June, driven by strong performances in the UK, North America and Asia Pacific.
The Millie’s Cookies and Pasty Shop owner has also benefitted from winning a string of new deals, including a £135m seven-year contract at Stansted Airport.
Shares have risen 9.5 per cent to 230p since floating last month at 210p, valuing the company at £1bn.