Nigel Wray: Youthful enterprise will power British economy May 15, 2022 ONE OF the City’s leading entrepreneurs and investors reckons Britain will ride out economic headwinds thanks to a burst in enterprise amongst the younger generation. Nigel Wray, associated with high profile names like Domino’s Pizza and Simba Sleep and well known in rugby circles for his leadership of Saracens, told City A.M. today that he [...]
Domino’s Pizza sales rise as firm seeks to offload foreign businesses February 5, 2020 Sales at Domino’s rose 3.7 per cent year on year to £352m in the final three months of last year, it said in a trading update today, as the UK pizza chain continues to try to sell its loss-making overseas businesses. The prompt-pizza pioneer’s international sales fell five per cent in the same period to [...]
Domino’s Pizza sells Norwegian arm as it kick-starts sale of overseas operations February 13, 2020 Domino’s Pizza said today it has sold its Norwegian business to its existing minority shareholder as it moves to extricate itself from its loss-making European operations. The pizza chain said it will sell its 71 per cent shareholding in the Norway business in return for the buyers’ stake in its Swedish operation and a nominal [...]
FTSE 100 live: London takes fright as Powell testimony scares off blue chip investors March 9, 2023 London’s main index took another step back on Thursday as a second day of testimony in front of Washington lawmakers by Federal Reserve chair Jerome Powell largely stuck to the hawkish tone of the previous day. The FTSE 100 was last at 7,868.64, down 61.28 points or 0.77 per cent while the FTSE 250 which includes [...]
Swiss miss: Domino’s bids farewell to Switzerland with final European franchise sale August 9, 2021 Domino’s Pizza Group has sold its last remaining franchises in Europe amid a withdrawal from the Continent to focus on its core UK and Irish markets. The pizza maker said its Swiss business had fetched 300,000 Swiss francs (£300,000) and the deal is expected to be completed this month. It ends a year-long process of [...]
Domino’s Pizza UK to quit international markets October 17, 2019 Domino’s UK has announced that it will close its international operations, where the pizza delivery firm said performance had been “disappointing”. Read more: Why Domino’s sell off was overcooked Chief executive David Wild said said the decision to shutter its operations in Switzerland, Iceland, Norway and Sweden came after it decided “we are not the [...]
Hiring spree: Domino’s to create 8,000 new jobs as sales soar October 14, 2021 Domino’s is expanding its team in time for Christmas and has announced 8,000 new driver roles on the back of strong third quarter trading results. In a statement, Domino’s revealed that system sales had swelled to £375.8m in Q3 up 9.9 per cent like-for-like and taking the delivery company’s total earnings this year to date [...]
Cineworld, Hammerson and Boohoo: The top 10 most shorted UK stocks and fund managers with the most positions January 29, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to new research shared exclusively with City A.M. this morning. Some 8.8 per cent of its stock was held short by six investment firms, with New Holland Capital the largest short position with 2.42 per cent of the company’s [...]
Pizza and a pint: Fuller, Smith & Turner poaches Domino’s CFO June 11, 2021 Hotel and pub group Fuller, Smith & Turner has poached Domino’s Pizza’s chief financial officer who will join the company towards the end of the year. Joining the pub group as finance director, Neil Smith will also be placed onto the group’s board. Shares in Domino’s sank following the announcement, falling by 1.85 per cent [...]
The best and worst corporate April Fools’ Day gags April 2, 2024 From Haggis ice cream to double-decker trollies, City A.M. rounds up the best and worst gags by businesses on April Fools' Day.