(Sharecast News) – SSP Group shares fell sharply as the operator of food outlets at train stations and airports warned that a stronger pound would affect core profit in 2024.
It said that “reflecting the strengthening of sterling against most of our major currencies since December 2022, at current FX rates the transition impact would be to reduce FY2024 EBITDA (core profit) by approximately 6%”.
The FTSE 250 travel caterer also said earnings for the year would be nearer 7p per share, having previously issued guidance of up to 7.5p.
Clean energy company Ceres Power fell as the UK government announced it was watering down key pledges to meet its 2050 net zero emissions targets.
Property shares gained as the Bank of England held rates steady, with Great Portland up.
FTSE 250 (MCX) 18,668.22 -0.24%
FTSE 250 – Risers
Essentra (ESNT) 152.20p 3.12%
Direct Line Insurance Group (DLG) 182.10p 3.06%
Marshalls (MSLH) 278.80p 2.35%
Genuit Group (GEN) 330.00p 2.33%
Balanced Commercial Property Trust Limited (BCPT) 70.60p 2.32%
Volution Group (FAN) 361.80p 2.26%
Hays (HAS) 110.20p 2.23%
Great Portland Estates (GPE) 432.80p 1.98%
Wetherspoon (J.D.) (JDW) 726.00p 1.89%
Investec (INVP) 472.40p 1.88%
FTSE 250 – Fallers
Ceres Power Holdings (CWR) 354.00p -8.00%
Aston Martin Lagonda Global Holdings (AML) 285.80p -6.17%
SSP Group (SSPG) 230.20p -5.89%
NCC Group (NCC) 103.00p -4.98%
IG Group Holdings (IGG) 641.50p -4.40%
Mobico Group (MCG) 85.50p -3.50%
FDM Group (Holdings) (FDM) 514.00p -3.38%
Carnival (CCL) 1,060.50p -3.06%
BlackRock World Mining Trust (BRWM) 589.00p -2.81%
Crest Nicholson Holdings (CRST) 185.60p -2.73%