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Pre-tax losses triple at Irish arm of Coveney-led SSP

Pre-tax losses at the Irish arm of multinational food and beverage firm, SSP (Select Service Partner) led by group CEO Patrick Coveney last year more than tripled to €7.4m.

Business • 22 Aug

SSP Group Q1 sales up on strong travel demand

SSP Group, which operates food outlets at airports and train stations globally, has today reported a 14% rise in first-quarter sales, boosted by robust travel demand, and left its full-year forecast unchanged.

Business • 28 Jan

Upper Crust owner SSP today posted a 23% jump in core profit to £343m for the year ended September 30

Profits at Upper Crust owner SSP jump 23%

Upper Crust owner SSP plans to increase its regional operating profit margin in its struggling Continental European unit to about 3% in the current fiscal, up from 1.5%, and also posted an annual profit rise today, in line with estimates.

Business • 03 Dec 24

Upper Crust owner SSP Group was helped by a strong performance during its peak summer period.

Upper Crust owner SSP forecasts upbeat revenue

Upper Crust owner SSP Group has today warned of lower than expected annual profits as a stronger pound and weakness in some European markets offset robust summer trading elsewhere.

Business • 03 Oct 24

Upper Crust owner SSP Group said sales grew at its airport and train station food outlets aided by robust travel demand

SSP posts higher H1 revenue as travel demand improves

Upper Crust owner SSP Group has reported higher half-year revenue today as sales grew at its airport and train station food outlets aided by robust travel demand.

Business • 21 May 24

SSP group earns more than two-thirds of its turnover from airports

SSP Group forecasts resilient travel demand

SSP Group, which operates food outlets such as Upper Crust at airports and train stations globally, has today posted an over 14% sales growth in its first quarter, buoyed by a rebound in leisure travel, and also forecast travel demand to remain resilient.

Business • 30 Jan 24

SSP Group's stores are mostly located in airports and train stations

Eateries operator SSP resumes annual dividend

SSP Group, which operates food outlets at airports and train stations around the world, raised its 2024 profit guidance and resumed dividend payments today after a rebound in air travel and as passengers spend more on food.

Business • 05 Dec 23

SSP Group owns the Upper Crust snack chain

SSP sees profit at upper end of expectations

Upper Crust owner SSP Group said today it expects annual profit at the upper end of its view, betting on strong sales at its airport and railway station snack outlets amid robust domestic and leisure travel demand.

Business • 23 May 23

SSP reported an underlying core profit of £142m for the year ended September 30, compared to a loss of £108.3m last year

Upper Crust owner SSP returns to annual profit

Upper Crust owner SSP Group said today its sales on average rose above pre-pandemic levels in the first eight weeks of the new financial year, benefiting from higher prices and increased domestic travel.

Business • 06 Dec 22

Upper Crust owner SSP said it expects to offset cost inflation and manage supply chain snags

Upper Crust owner SSP upbeat on full year earnings

Upper Crust owner SSP said today it expected full-year core earnings to be slightly ahead of its earlier guidance, as passenger numbers recovered close to pre-pandemic levels.

Business • 27 Sep 22

Dalton Philips in moving from the role of CEO at daa to Greencore

Dalton Philips moving from top job at daa to Greencore

Convenience food group Greencore has appointed Dalton Philips as its new chief executive and executive director.

Business • 13 May 22

SSP said its sales were recovering after the lifting of curbs in the UK and some European markets

SSP sales at 57% of pre-Covid levels in recent weeks

Upper Crust owner SSP said today that its sales were recovering after a slowdown in recent weeks, when fewer people travelled due to Omicron-led curbs that hit its stores at train stations and airports.

Business • 04 Feb 22

Greencore said that supply chain and labour challenges remain elevated across the UK food industry

Greencore's Q1 revenue up 24% despite Omicron hit

Convenience food group Greencore said its first quarter revenue increased by 24.4% to £389m on the back of strong growth in food to go categories and despite some limited impact on demand from the emergence of the Omicron Covid-19 variant in December.

Business • 27 Jan 22

SSP Group said that sales in the first nine weeks of its new fiscal year averaged at about 66% of pre-Covid levels

Upper Crust owner posts bigger annual loss

Upper Crust owner SSP has today warned of uncertainty from the Omicron variant of the coronavirus, despite sales improving to two-thirds of pre-pandemic levels in recent months thanks to an extended European summer and workers returning to offices.

Business • 08 Dec 21

Greencore's full year profits and revenues rise

Convenience food group Greencore has reported a return to revenue and profit growth for the year to September 24 as it said it was emerging strongly from a challenging period due to Covid-19.

Business • 30 Nov 21

Greencore said it is anticipating a reported revenue outturn of about £1.320 billion for the year to September 24

Greencore's fourth quarter revenues rise by 27%

Convenience food group Greencore has reported a further improvement in revenue, profitability and cash flow momentum during its fiscal fourth quarter.

Business • 01 Oct 21

Greencore said it will soon start trials of a plastic free recyclable sandwich skillet in stores across the UK

Greencore's third quarter revenue up 53% on last year

Convenience food group Greencore has reported strong revenue momentum in the third quarter with revenue 53.1% above the previous year's levels and only 2.8% below equivalent pre-Covid levels in the third quarter of 2019.

Business • 27 Jul 21

Greencore's group operating profits for the six month period slumped by 89% to £3.9m from £35.6m

Greencore's H1 profits and revenues lower due to Covid

Shares in convenience food group Greencore dropped almost 16% today after it reported a 19% decline in group revenue for the six months to March 26 - due to a reduction in consumer mobility as a result of tiered restrictions and lockdowns.

Business • 25 May 21

Greencore is the biggest sandwich maker in the UK

Greencore promises packaging to be recyclable by 2025

Convenience food group Greencore has today outlined a new sustainability strategy which includes a range of pledges across the areas of sourcing, manufacturing and community engagement.

Business • 24 Feb 21

Greencore has reported a 15% fall in first quarter reported revenues

Greencore continues to suspend financial guidance

Greencore chief executive Patrick Coveney said today that Covid-19 would continue to impact the business during 2021 and as a result, the company's financial guidance remains suspended.

Business • 26 Jan 21

Greencore said adjusted profit before tax from continuing operations for the 12 months ended September 25 slumped by 87% to £17.3m

Greencore raises £90m in new share placing

Food group Greencore has raised about £90m from the placing of over 80 million new shares in an effort to protect and support growth in the business.

Business • 24 Nov 20

Greencore CEO Patrick Coveney said 2020 had been an 'exceptionally challenging year' for the company

Greencore to raise capital through share placement

Convenience food group Greencore has announced plans to raise up to £90 million through the sale of new shares.

Business • 23 Nov 20

Greencore reports improved performance in 4th quarter

Convenience food group Greencore has said it anticipates reported revenues of about £1.265 billion for the full year to September.

Business • 05 Oct 20

Greencore CEO Patrick Coveney said the company is well positioned for a return to growth as the pandemic subsides

Greencore's third quarter revenues down 34%

Convenience food group Greencore said its group revenue fell by 34.1% to £240.6m in its fiscal third quarter, mainly due to the impact of Covid-19 on food to go categories during the 13 weeks from March 27 to June 26.

Business • 28 Jul 20

CEO Patrick Coveney said Greencore has implemented a broad range of actions to mitigate the impact of Covid-19 on the business

Demand for Greencore's 'food to go' down 70%

Convenience food group Greencore said the Covid-19 pandemic has had a dramatic and volatile impact on the shape of UK food consumption, though there are signs that demand patterns have recently begun to stabilise.

Business • 19 May 20