The transport catering group behind the Ritazza and Upper Crust brands reported signs of a trading improvement but cautioned that it did not expect to return to pre-pandemic levels until 2024. SSP Group said that this month sales were down 70 per cent on 2019 levels, an improvement on the 78 per cent fall reported in the second quarter, reflecting better trading in the UK and America. The number of sites open has also improved, from 32 per cent to 40 per cent. SponsoredIt said its cash burn had moderated to £23 million compared with the previous guidance of £25 million to £30 million as it hammered away at its costs, while liquidity was strong at £843 million following the recent £475 million equity raise,

Source: The Times June 09, 2021 11:03 UTC