Bumper week of UK results as oil majors update the market – London Report July 26, 2015 THIS week sees dozens of companies reporting results, while data on manufacturing orders and mortgage approvals should reveal that both markets are on the up. The Confederation of British Industry (CBI) is expected to report a modest pick-up in manufacturing orders in July, in data out today. Data on GDP growth, out tomorrow, is expected [...]
Domino’s Pizza share price leaps as much as 12 per cent as profit soars July 28, 2015 Investors feasted on Domino’s Pizza shares today as the Pepperoni Passion and Mighty Meaty pizza-maker posted better than expected first half profits. The company, which has over 900 stores in the UK and Europe, said sales increased by 14 per cent to £426.7m in the six months to 28 June while underlying operating profits jumped [...]
Tory MP and Saracens chairman behind flotation of estate agents June 18, 2015 A UK ESTATE agency backed by Saracens chairman Nigel Wray and Tory MP Kevin Hollinrake yesterday unveiled plans for a £17m float on the stock market. Hunters, which has 153 mostly franchised branches across the country, will list on the alternative investment market at the start of July by selling 22.3 per cent of the [...]
Why the Rugby World Cup’s economic impact is nothing to get excited about September 18, 2015 The economic benefits of international sporting tournaments to national economies have been loudly trumpeted, not least by sporting bodies themselves. Whilst UK investors might witness some short-term movement in the markets following the Rugby World Cup, history suggests that the true lasting value on the UK economy is likely to be limited. Yes, the [...]
Best of the Brokers for 13 May 2015 May 12, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com THE RESTAURANT GROUP Berenberg said The Restaurant Group now looks undervalued against peers such as Domino’s Pizza, Greggs and Patisserie Valerie and reiterated its “buy” recommendation. The broker also kept a target price of 800p on the stock, which it said offered an [...]
Domino’s Pizza serves up a feast as online ordering drives sales July 29, 2014 Pizza seller Domino’s impressed its investors yesterday with a strong set of results fuelled by booming numbers of UK consumers ordering its wares online and from smartphones over the past six months. Domino’s, which operates the British, Irish, Swiss and German franchises of the global delivery brand, saw its profit jump 10.1 per cent to [...]
Domino’s is looking tasty as sales leap by 19 per cent October 14, 2015 Domino’s sales are looking tasty, after the pizza maker’s revenues jumped by double digits for the eighth consecutive quarter. The company's third quarter sales rose 19.4 per cent in the three months to the end of September, leaping from £179.6m to £214.5m, according to a trading statement released this morning. This growth was powered by digital investments in [...]
Best of the Brokers for 22 January 2015 January 21, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BHP BILLITON S&P Capital has downgraded Anglo-Australian mining and commodities giant BHP Billiton to “sell” from “hold”. “We view the increase in production volumes and planned operational cost reductions as positive news, but expect lower commodity prices to weigh significantly on group sales,” [...]
GDP and consumer confidence rises reflect UK growth – London Report February 22, 2015 GDP growth is this week likely to be confirmed at 0.5 per cent quarter-on-quarter for the final three months of 2014. That growth is likely to be reflected further on Friday with consumer confidence for February at a 12-year high. The corporate week starts today with reports from Associated British Foods, Bovis Homes, HSBC and [...]
Fast food chains Domino’s and McDonald’s could have lessons for other retailers November 11, 2015 How do you get stuff to people? This seemingly straightforward question poses a dilemma that continues to bamboozle retail executives throughout the world. While many of us are fascinated by products of the future – driverless cars, 3D printers, the internet of things – an equally significant challenge lies in how to bring today’s goods [...]