Investors lose appetite after SSP statement

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Investors lose appetite after SSP statement
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FTSE 250 catering specialist SSP (LON:SSP) saw its share price fall by 5.24% to 633p (as of 12:00 BST) after it issued a pre-close statement for the year ending 30th September. Management said that revenues for the final quarter were expected to rise by around 7.8% despite difficulties in a number of international markets.

The company said that many of these difficulties would continue in the 2020 financial year with substantial economic uncertainty and expected cuts in airline capacity, but added that the diversity and flexibity in its model would allow it to take advantage of certain structural growth opportunities.

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