Domino’s sales jump as e-commerce continues to grow April 2, 2014 Pizza delivery group Domino's has seen its like-for-like sales rise by 10.8 per cent. System sales rose by 14.8 per cent to £188.5m for the 13 week period to 30 March, according to the company's interim management statement. The company attributed the rise in part to its most successful meal deal ever offered – the [...]
Just Eat shares plummets as founding shareholders sell 7.7 per cent stake December 3, 2014 Takeaway site Just Eat became the biggest faller on the FTSE 250 this morning, after its founding shareholders sold a 7.7 per cent stake in the company. Shares fell 8.64 per cent to 309p in mid-morning trading as it emerged shareholders including Index Ventures, SM Trust and Vitruvian Partners sold off part of their share [...]
New credit crisis brews in emerging markets March 30, 2015 Beware contagion from looming bank failure in Brazil INVESTORS in emerging markets have been left sorely disappointed in recent years, as on-going political and economic problems are plaguing the sector’s key nations, including Brazil, China, Turkey and Russia. Over five years, the MSCI Emerging Markets index has risen just 8.9 per cent, compared to the [...]
London Underground Tube delays worst on Central, Jubilee and Victoria lines as overcrowding strains network January 7, 2015 As Londoners continue to vent their fury over the chaos seen at London Bridge station and Boris Johnson set to meet rail bosses tomorrow, the scale of problems caused by overcrowding has been revealed. A Freedom of Information request filed by LondonlovesBusiness.com showed that commuters have been delayed close to 900 times since 2010 thanks [...]
Domino’s boosts profits with 65m pizzas sold February 27, 2014 Takeaway pizza company Domino's has reported a jump of 11.6 per cent in profit before tax to £55m, for the year ended 29 December. The company enjoyed like-for-like sales growth of seven per cent in 670 UK mature stores. The final dividend was hiked 11.4 per cent to 8.8p per share, with the total dividend [...]
Jobless figures and MPC report at centre stage – London Week Ahead December 14, 2014 BY THE looks of this week’s economic calendar, traders thinking of taking off early for their Christmas holidays may be forced to rethink their travel plans. In the UK the minutes of the Monetary Policy Committee’s (MPC) last meeting will also be scrutinised. However, the report which has the greatest potential to move markets is [...]
New interim CEO for Domino’s as Batchelor leaves early January 31, 2014 Domino's Pizza Group has announced that David Wild, currently the senior non-executive director of the Company, will be appointed as interim chief executive with immediate effect. He will act in an executive capacity for a temporary period until two months after a new chief executive is appointed. Stephen Hemsley, non-executive chairman, commented: I am delighted [...]
US corporate results round up October 14, 2014 WELLS FARGO GETS MORTGAGE BANKING BOOST Wells Fargo reported a 1.7 per cent rise in third-quarter profit yesterday, helped by a slight increase in income at its mortgage banking unit which had been a big drag on results for much of the past year. The fourth-largest US bank’s net income applicable to common shareholders rose [...]
Domino’s takes away bumper sales growth in 2013 January 8, 2014 Domino's Pizza has seen like-for-like sales jump by an impressive 10.9 per cent in its 670 UK mature stores in the 13 weeks to 29 December. The takeaway food company said the rise in sales was partly driven by increased digital marketing activity, as well as a more favourable timing of the Christmas break compared [...]
All change at the top as trio of firms shuffle executives September 8, 2014 BERKELEY GROUP | FINANCE CHIEF EXITS Berkeley Group yesterday said finance director Nick Simpkin had left the board with immediate effect after five years in the role. Ben Marks, financial controller, who has been with group for 10 years will be working closely with Rob Perrins, group managing director, to manage financial function pending recruitment [...]