WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2011 FINANCIAL TIMES JERSEY AND ISLE OF MAN OFFER TAX SOP TO BRUSSELS Jersey and the Isle of Man have announced changes to their corporate tax regimes in an effort to neutralise criticism from Brussels. Both crown dependencies said they were withdrawing laws that aim to stop local shareholders from avoiding personal income tax by rolling [...]
Retailers set to add pennies for charities November 7, 2010 A NEW national charity collection scheme launches across the UK today in a bid to counter a decline in donations due to economic uncertainty. Pennies, an “electronic charity box” that enables credit card users to add a charitable donation of up to 99p to their purchases, goes live at all Domino’s pizzas stores today and [...]
Pizza firm tops profit forecasts October 19, 2010 Domino’s Pizza yesterday reported quarterly profit that topped Wall Street’s expectations, as its new pizza recipe attracted more US diners than expected, sending shares up as much as 6.7 per cent to a five-month high. The company saw sales at restaurants open at least a year in the United States surge 11.7 per cent in [...]
BEST OF THE BROKERS September 30, 2010 MICHELIN Citigroup believes the market will take until the end of 2010 to get more comfortable with Michelin’s investment case. The broker, which rates the stock as “overweight”, estimates the €1.2bn rights issue causes around 11 per cent dilution, which implies new cash is utilised at a similar return as the rest of the business [...]
Domino’s given boost as online revenues shoot up September 29, 2010 DOMINO’S Pizza said yesterday its online sales have surged by 69 per cent – mainly due to its new iPhone app. The chain said overall same-store sales rose 9.9 per cent in the 13 weeks to last Sunday taking its sales growth for the year to 12.5 per cent. Including new stores, total sales rose [...]
BORIS FUND BREAKFAST CLUB MEETS AT SAVOY December 7, 2010 LONDON mayor Boris Johnson played host to a star-studded launch for the corporate sponsors of the charitable Mayor’s Fund for London yesterday morning, with grandees of the City treated to an 8am poached egg and salmon breakfast in return for their paid-up membership of the London Business Club – an organisation for fund donors. The [...]
The broker who says small firms have to come up with big solutions January 3, 2011 The conventional wisdom is that it is next to impossible for small firms to raise cash, but Phil Adams, chief executive at independent investment broker Altium, says that the picture is more complicated than that. “It is pretty straightforward to raise cash if you are a well-run high-growth firm expanding by around 15 per cent [...]
The broker who says small firms have to come up with big solutions January 3, 2011 The conventional wisdom is that it is next to impossible for small firms to raise cash, but Phil Adams, chief executive at independent investment broker Altium, says that the picture is more complicated than that. “It is pretty straightforward to raise cash if you are a well-run high-growth firm expanding by around 15 per cent [...]
Domino’s drops its Britain’s Got Talent sponsorship as it reports a profit rise February 15, 2011 DOMINOS Pizza has seen its profit surge by 27 per cent – but sales started to slow in January. The company, which operates the British and Irish franchises of the global delivery brand, said sales growth at shops open more than a year slowed to 4.7 per cent in the first seven weeks of [...]
BEST OF THE BROKERS July 13, 2010 CABLE & WIRELESS Morgan Stanley initiates coverage of Cable & Wireless (CWC) at “equal-weight” with a 72p price target. Morgan Stanley said that although it acknowledges that CWC has improved operating performance it sees better upside elsewhere in the sector. Beyond the dividend yield valuation does not look compelling, believes Morgan Stanley. L’OREAL UBS reiterates [...]