Markets in Europe showed signs of recovery on Wednesday at around midday, with investors pleased that Federal Reserve Chair Jerome Powell kept hopes of a rate cut for this year alive.Speaking in Congress, Powell told lawmakers on the Senate Banking Committee that the most recent readings 'have shown some modest further progress' since the first quarter of the year.Investors are now looking ahead t

Positive momentum continued in Q3Full year outlook reaffirmed'Well-positioned' for summer periodShares in SSP (SSPG) topped the FTSE 250 leader board on Wednesday (10 Jul), surging 13% higher to 176.5p after the food travel expert served up news of strong third quarter sales and reiterated its full year earnings guidance.The owner of brands including Upper Crust and Le Grand Comptoir also called o

The end of the tax year is coming down the track fast and that means there are only weeks remaining to make full use of your £20,000 annual ISA allowance.Even if you are some way off this maximum limit or haven?t invested through an ISA at all in 2023/24, the rapidly approaching deadline is a good spur to look at the possibility of making money from the financial markets.Two weeks ago we ran an a

Shares in hundreds of UK and US-listed companies have not fully recovered since the Covid-19 pandemic triggered a global stock market crash in February 2020, even though most major market indices are now trading above that level.According to SharePad data, 196 stocks in the FTSE 350 and 149 stocks in the S&P 500 are still trading below the day before markets crashed four years ago (21 February 202

ARE is a privately-owned firmRegional sales of roughly £100 millionSSP shares down 14% over one yearShares in SSP (SSPG) were up nearly 2% to 226p as the travel food outlet operator said it had bought Australia?s Airport Retail Enterprises (ARE) for an undisclosed sum.ARE was founded in 1971 and is privately owned with 62 outlets consisting mainly of bars, casual dining restaurants and cafes acro

FY23 guidance downgradedCost-of-living pressures impact eating out market?Robust? growth targeted in 2024Shares in Tortilla Mexican Grill (MEX:AIM) tumbled 8% to an all-time low of 50.5p after the UK?s largest fast-casual Mexican restaurant group served up a profit warning following a sour end to 2023, with subdued demand across the eating out market hindering growth in the fourth quarter.The burr

SSP (SSPG) 203.7pLoss to date: 23.4%We initially recommended shares in travel retail firm SSP (SSPG) back in May as a way to play the rebound in travel both in the UK and around the world as businesses and consumers returned to their pre-pandemic routines.We argued that, at half their price from three years ago, the shares looked good value with plenty of recovery potential.WHAT'S HAPPENED SINCE W

One of the most notable trends of the last year has been the rebound in travel, both in the UK and across the globe, as workers have gone back to their offices and holidaymakers have gone on what the media likes to refer to as 'revenge travel', making up for trips which were put off due to the pandemic.Yet strangely, shares in food travel expert SSP (SSPG) are still only half their value at the st

- Like-for-like sales 16.4% above pre-Covid levels- Food and energy costs eat into margins- Tacos-to-burritos seller reports positive current tradingTortilla Mexican Grill (MEX:AIM), the UK's largest fast-casual Mexican restaurant group, served up record sales for the year ended 1 January 2023 with a boost from a record year of 18 site openings and below-inflation price increases to mitigate risin

- Return to full year profit- Dividends could return in 2023- Healthy pipeline of new contractsTravel food and beverage operator SSP (SSPG) pleased investors with a decent set of results for the 12 months to 30 September 2022.The company swung back into profit and saw a big increase in revenue as travel returned to some kind of normality in the wake of the pandemic. It was rewarded with a 4.3% sha

- Full year guidance increased in September- Recovery in travel expected to continue into 2023- Resilient business gives flexibility to manage inflationWhen travel food and beverage operator SSP (SSPG) reports results for the year to 30 September on 6 December, investors will be keen to see if the strong recovery in travel seen in 2022 has continued into the new trading year and what impact recent

- Profits hit by surging meat and energy costs- Like-for-like sales have slowed over the summer- Industry headwinds to have 'material' impact on second half earningsShares in Tortilla Mexican Grill (MEX:AIM) slumped 27.4% to 106p after the UK's largest fast-casual Mexican restaurant group served up mixed first half results with surging meat prices eating into margins, news that overshadowed the Lo

- Dining group delivers strong like-for-like growth- Warns cost inflation has worsened- Chilango deal strengthens position in fast-casual Mexican food marketFast-casual Mexican restaurant group Tortilla Mexican Grill (MEX:AIM) served up tasty first half like-for-like sales growth and insisted its store roll-out programme remains on track, welcome news that helped the shares trade 2.5% higher at 12

- Trust outperforms benchmark on total return basis- Stock selection and valuation key to success- Larger than normal discount to NAV'All-weather' global equity vehicle Brunner Investment Trust (BUT) put in a respectable half-year performance, beating its benchmark in terms of NAV (net asset value) total return.As of the end of May the NAV per share with debt at fair value was £11.49, a drop of 1

The FTSE 100 closed lower Friday as inflation and higher interest rates came into focus on a strong US jobs report and a bounce back for major tech stocks.The unexpected surge in jobs last month, up 467,000 versus an estimate of 150,000 rise, spiked bond yields and reaffirmed to investors that the Federal Reserve would continue with its plan to raise interest rates as soon as March.At the close, t

The UK's major shares reversed morning gains to nudge into the red at lunchtime on Friday, joining Europe's major markets under water. Having closed in on two-year highs of 7,600 following near-1% gains earlier, the FTSE 100 lost its momentum as the market mood turned more nervous ahead of US jobs data due at 1.30pm UK time.At 12.45pm, the UK's benchmark index has dipped a toe into the red with a

UK stocks began the last trading of the week in better spirits despite a turbulent overnight session for US equities as shares in Facebook owner Meta lost $250 billion in value, the largest single one-day loss in US history, contributing to a 4.2% slide in the Nasdaq 100 technology index.In contrast, Amazon delivered better than expected earnings thanks to its cloud business, sending its shares up

London's FTSE 100 finished Wednesday's session down 0.04% at 7,337.35 points, so broadly flat on the day, the blue chip benchmark giving up earlier gains with the UK on the cusp of fresh restrictions designed to slow the growth in Omicron cases.The pound weakened and travel and leisure stocks were under pressure as investors weighed the likely impact of new rules being imposed in the UK, such as h

UK stocks rose on Wednesday as concerns about the Omicron coronavirus variant continued to cool amid early signs that it could cause milder symptoms.By lunchtime, the FTSE 100 was up 0.38% at 7367.82 and the mid-cap FTSE 250 traded 0.35% higher at 23,319.28.The blue chip benchmark built on its gains of recent days as fears about the new variant waxed and waned amid mixed news on vaccines and the p

Travel food outlet operator SSP (SSPG) ticked up 1.2% to 236p as the company revealed it generated free cash flow in the second half of its financial year running to 30 September.The company, which operates the Upper Crust and Ritazza franchises as well as running sites for third parties like Burger King and Starbucks in airports and train stations, reported revenue at the beginning of the current