SSP Group (SSPG)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

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

London close: Stocks finish higher after very quiet Monday

By Josh White

Date: Monday 12 Feb 2024

LONDON (ShareCast) - (Sharecast News) - London markets managed modest gains by the close of a subdued trading session on Monday, with no significant corporate or economic catalysts driving movements.

The FTSE 100 index edged up by 0.02% to reach 7,573.69 points, while the FTSE 250 saw a more notable rise of 0.74% to settle at 19,203.93 points.

In currency markets, sterling was last up 0.05% on the dollar to trade at $1.2634, while it rose 0.09% against the euro to change hands at €1.1721.

"The new week has begun with gains for stocks, though once again the FTSE 100 has been left out thanks to weakness in its heavyweight pharmaceutical stocks," said IG chief market analyst Chris Beauchamp.

"European indices have led the way today, and despite fears of broad-based weakness in the eurozone economy both the DAX and CAC 40 continue to hover near record highs."

Beauchamp added that Tuesday's consumer price index reading in the US was looking to be the main event of the week.

"Price growth is expected to keep slowing towards the Fed's target, so investors will be hoping for a bigger-than-expected drop in order to provide the foundations of a rally to fresh record highs for US indices."

UKCP jumps on offer from Tritax, GSK slips

On London's equity markets, UK Commercial Property REIT jumped 4.83% following news of a potential acquisition by Tritax Big Box in a deal valued at £924m.

Tritax, which itself closed down 4%, said it had offered 0.444 new Tritax shares for every UKCP share, leaving it with 76.7% of the merged group and UKCM shareholders with the remainder.

It represented a 10.8% premium to UKCP's closing share price of 64.2 pence per share on 9 February.

Elsewhere, Mike Ashley's retail conglomerate Frasers Group rose 4.98% after announcing an £80m share buyback initiative.

SSP Group saw a modest gain of 1.07% following its acquisition of Airport Retail Enterprises in Australia.

Anglo American climbed 2.88% after signing a memorandum of understanding with Finnish Minerals Group to support Finland's battery strategy.

Finnish Minerals Group is a holding and development company that manages the Finnish Government's mining industry shareholdings and supports the development of the Finnish battery value chain.

Jupiter Fund Management leapt 7% after receiving an upgraded rating to 'neutral' from BNP Paribas Exane.

On the downside, GSK dipped 2.02% despite confirming the US FDA had granted fast track designation for its investigational drug, bepirovirsen, aimed at treating chronic hepatitis B.

Ashmore Group faced a 3.22% drop after JPMorgan maintained its 'underweight' rating on the stock and adjusted the price target downwards, citing concerns about the extent of the recent re-rating.

Reporting by Josh White for Sharecast.com.

Market Movers

FTSE 100 (UKX) 7,573.69 0.02%
FTSE 250 (MCX) 19,203.93 0.74%
techMARK (TASX) 4,388.36 -0.32%

FTSE 100 - Risers

Burberry Group (BRBY) 1,335.50p 5.07%
Frasers Group (FRAS) 822.50p 4.98%
Ocado Group (OCDO) 536.80p 4.60%
Fresnillo (FRES) 493.40p 3.50%
Anglo American (AAL) 1,751.60p 2.88%
Endeavour Mining (EDV) 1,323.00p 2.88%
Glencore (GLEN) 394.25p 2.39%
Antofagasta (ANTO) 1,679.00p 2.25%
Beazley (BEZ) 578.50p 2.21%
Land Securities Group (LAND) 641.80p 2.13%

FTSE 100 - Fallers

Rolls-Royce Holdings (RR.) 309.10p -2.83%
AstraZeneca (AZN) 9,501.00p -2.66%
GSK (GSK) 1,626.40p -2.02%
Melrose Industries (MRO) 594.00p -1.49%
NATWEST GROUP (NWG) 207.70p -1.42%
Sage Group (SGE) 1,175.00p -1.34%
Compass Group (CPG) 2,200.00p -1.21%
Intertek Group (ITRK) 4,416.00p -1.14%
DCC (CDI) (DCC) 5,716.00p -0.90%
Croda International (CRDA) 4,927.00p -0.87%

FTSE 250 - Risers

Jupiter Fund Management (JUP) 86.00p 8.31%
TUI AG Reg Shs (DI) (TUI) 579.50p 5.65%
UK Commercial Property Reit Limited (UKCM) 67.30p 4.83%
Watches of Switzerland Group (WOSG) 410.00p 4.11%
Future (FUTR) 735.00p 3.90%
Direct Line Insurance Group (DLG) 167.50p 3.59%
Dr. Martens (DOCS) 87.85p 3.54%
W.A.G Payment Solutions (WPS) 88.00p 3.53%
Moneysupermarket.com Group (MONY) 252.60p 3.36%
Crest Nicholson Holdings (CRST) 226.00p 3.29%

FTSE 250 - Fallers

Tritax Big Box Reit (BBOX) 153.80p -4.00%
Ashmore Group (ASHM) 222.20p -3.22%
Baltic Classifieds Group (BCG) 228.00p -2.56%
Hilton Food Group (HFG) 791.00p -1.62%
TBC Bank Group (TBCG) 2,895.00p -1.53%
Octopus Renewables Infrastructure Trust (ORIT) 77.80p -1.52%
The Renewables Infrastructure Group Limited (TRIG) 99.80p -1.38%
Trustpilot Group (TRST) 185.70p -1.38%
Inchcape (INCH) 665.50p -1.33%
Diversified Energy Company (DEC) 907.50p -1.31%

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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 240.20
52 Week Low 144.50
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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