Feb 4, 2022

SSP positive despite Omicron hit

The owner of chains including Upper Crust, Ritazza and Camden Food Co reported sales of around 57 per cent of 2019 levels in the past eight weeks. In the preceding nine weeks sales had been running at 66 per cent of pre-pandemic levels. For the quarter to December Shaftesbury has collected 88 per cent of its rent roll. Amazon shares surged in after-hours trading after the company announced a 17 per cent price rise for its popular Prime membership scheme and strong earnings from its cloud computing and advertising divisions. US stocks slid in the regular session with the S&P 500 falling 2.4 per cent and the Nasdaq Composite shedding 3.7 per cent, its worst day since September 2020, driven by drops in tech stocks.

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