SSP Group Lowers Profit Outlook
Upper Crust owner SSP Group forecasts annual operating profit below expectations as subdued summer travel in North America offsets growth in the UK. Shares fell 5 percent in early trading following the announcement.
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SSP GROUP PLC expects annual operating profit to miss expectations at £230 million ($304.34 million) following subdued summer travel across the United States. Shares fell 5% during Friday morning trading. The profit shortfall highlights how weaker demand among budget-conscious travelers in North America is offseting resilient growth in Europe.
