SSP Group forecasts sales to slide by 86% in the fiscal second half

In an announcement on Wednesday, SSP Group plc (LON: SSPG) said that signs of recovery were evident in weekly sales after it reopened a few of its stores for the public as the government eased COVID-19 restrictions. For the second half as a whole, however, the company still forecasts a massive 86% decline in sales. SSP had expressed plans of cutting its workforce in the UK by 5,000 jobs in July attributed to COVID-19 restrictions. SSP said that its weekly sales in the fourth quarter were still 76% down on a year over year basis but presented a significant increase