They say that profit warnings come in threes, but do fundraisings, too? A secondary question for investors in SSP is whether tapping the market for almost £700 million since the start of the pandemic is enough to see the airport and railway station caterer through a slower potential recovery.
The third is the danger posed by the latest variant of Covid-19. Friday’s Omicron-driven sell-off left SSP shares almost two thirds below their price before last year’s market crash and almost entirely erased the gains made since the group was listed in 2014. It also took the shine off the announcement of a new boss, with Patrick Coveney, long-time chief executive of Greencore, the food-on-the-go specialist, to replace Simon Smith.
SSP may not be
