UK's SSP Group falls; UBS downgrades to 'sell'

SSP

11/07/2025 08:58

** Cafe and restaurant chain operator SSP Group SSPG.L falls 6.01% to 176.7p; marks biggest intraday pct decline since April 4

** Stock top loser on FTSE 250 mid-cap .FTMC index

** UBS downgrades to "sell" from "neutral"

** Says lower near-term capacity could limit H2 volume, revenue growth

** Adds despite stable capacity growth in Europe and UK and strong UK rail volumes, ongoing weakness in U.S. and India expected to limit full-year like-for-like revenue growth to the lower end of group's 4%–5% forecast range

** However, raises PT to 170p from 165p

** Stock rated "buy" on avg; median PT is 240p, per data compiled by LSEG

** YTD, SSPG gains ~4%

 (Reporting by Joel Jose in Bengaluru)

 ((joeljose@thomsonreuters.com;))