1338 GMT - Upper Crust owner SSP Group's planned IPO of its Indian joint venture Travel Food Services provides a platform to boost growth in the region without any hit to its cash flow, Panmure Liberum analyst Anna Barnfather writes. TFS is in a net cash position and should remain self-funding, she says. The IPO validates SSP's joint-venture strategy and provides valuation clarity and a positive read across for the wider group, Barnfather says. Sharers are up 3% at 192.40 pence. (ian.walker@wsj.com)
(END) Dow Jones Newswires
December 11, 2024 08:38 ET (13:38 GMT)
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