The Aporia
In late September, SSP Group, owner of food and drink outlets like Upper Crust and Millie’s Cookies, reported a 5% revenue increase to £3.8 billion for the year, with sales jumping by 9% in the UK and Ireland during the fourth quarter from July to September. This growth was attributed to strong summer trading and improvements such as refurbished Marks & Spencer shops. However, SSP warned of a significant decline in passenger numbers due to the Middle East conflict affecting travel hubs in the Gulf region, Eastern Mediterranean, Asia Pacific, and Indian regions, impacting overall financial performance despite being resilient in challenging conditions.