SSP Group (SSPG)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

161.30p
   
  • Change Today:
    -5.60p
  • 52 Week High: 240.20p
  • 52 Week Low: 144.50p
  • Currency: UK Pounds
  • Shares Issued: 798.50m
  • Volume: 1,643,175
  • Market Cap: £1,287.97m

Upper Crust owner SSP to announce thousands of job cuts - report

By Michele Maatouk

Date: Tuesday 30 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Upper Crust owner SSP will reportedly announce plans to cut thousands of jobs on Wednesday as it looks to deal with the fallout from the coronavirus pandemic.
According to Sky News, the company - which operates food outlets at airports and train stations in 35 countries - intends to axe up to 5,000 jobs, making more than half of its UK workforce redundant.

In a message circulated among staff on Tuesday and seen by Sky, the company said it had "come to the very difficult conclusion that we will need to simplify and reshape our business and, from tomorrow, we will be starting a collective consultation on a number of proposed changes to the business".

"This includes a proposed reorganisation which could lead to a headcount reduction of up to c.5,000 across SSP Group, SSP Finance and SSP UK, which includes all head office colleagues and both salaries and hourly paid colleagues in operations."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SSP Group Market Data

Currency UK Pounds
Share Price 161.30p
Change Today -5.60p
% Change -3.36 %
52 Week High 240.20p
52 Week Low 144.50p
Volume 1,643,175
Shares Issued 798.50m
Market Cap £1,287.97m

SSP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.6% below the market average66.6% below the market average66.6% below the market average66.6% below the market average66.6% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Price Trend
50.63% below the market average50.63% below the market average50.63% below the market average50.63% below the market average50.63% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Income
68.41% below the market average68.41% below the market average68.41% below the market average68.41% below the market average68.41% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Growth
90.02% above the market average90.02% above the market average90.02% above the market average90.02% above the market average90.02% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 3
Sell 1
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SSP Group Dividends

  Latest Previous
  Interim Final
Ex-Div 30-May-24 01-Feb-24
Paid 28-Jun-24 29-Feb-24
Amount 1.20p 2.50p

Trades for 31-Oct-2024

Time Volume / Share Price
16:38 51,270 @ 161.30p
16:37 43,453 @ 161.30p
16:37 7,817 @ 161.30p
16:35 1,732 @ 161.30p
16:35 509 @ 161.30p

SSP Group Key Personnel

Chair Mike Clasper
CEO Patrick Coveney

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