SSP Group PLC (SSPG.L)
29 Sep 2020
Wed, Sep 23 2020
Sept 23 SSP, the owner of Upper Crust and Caffe Ritazza, said on Wednesday it expects overall sales in the second-half to be about 86% lower than last year, as the COVID-19 pandemic hit its food and drink outlets in airports and train stations.
Upper Crust owner SSP said on Wednesday it could cut about 5,000 jobs in a proposed restructuring of its UK business due to very low passenger numbers even as coronavirus-led restrictions ease.
* Sales hit badly due to lockdowns (Adds shares, analyst comment, outlook)
July 1 British travel food group SSP said on Wednesday it could cut about 5,000 jobs, seeking to restructure and simplify its UK business due to very low passenger numbers even as coronavirus-led restrictions ease.
June 30 British travel food group SSP will cut up to 5,000 jobs due to the impact of the COVID-19 pandemic on international travel, Sky News reported on Tuesday, citing sources.
* Shares up more than 3% (Adds analyst comment, details on results, liquidity, updates shares)
* SSP GROUP PLC - ANNOUNCE A RETAIL OFFER VIA PRIMARYBID OF NEW ORDINARY SHARES
June 3 British travel food group SSP launched a shares for dividend deal on Wednesday, aimed at having shareholders reinvest this year's 6 pence per share payout in the company, as it swung to a first-half loss due to coronavirus-led store closures.