Kazakhstan’s tenge is the latest emerging market domino to fall. Here’s what you need to know February 11, 2014 Crunch time for another emerging market economy. The fall of Kazakhstan's tenge is the latest in a series of currency depreciations to hit emerging markets over the last few weeks. Kazakhstan's central bank governor Kairat Kelimbetov has pledged to "protect the tenge from sharp moves … away from the new level of 185 to [...]
Domino’s Pizza and Majestic Wines on the Christmas menu January 8, 2014 BRITONS are indulging in fine wine and takeaway pizzas, according to Majestic and Domino’s pizza who both reported strong sales growth yesterday. Majestic’s chief executive Steve Lewis said demand for wines worth over £20 soared over the 10 weeks to 6 January, helping to boost sales at stores open more than a year by 2.8 [...]
Domino’s CEO resigns for new role in private equity backed firm December 6, 2013 The chief executive of Domino's Pizza Group, Lance Batchelor has resigned and will be leaving for a new job from 30 April 2014. Chairman of Domino's Pizza Group, Stephen Hemsley commented: Lance has been offered a new role in a significant private equity backed company and as a result has tendered his resignation. His new [...]
Bitcoin is bust: Why investors should abandon the doomed cryptocurrency November 5, 2014 SINCE its inception, the market for bitcoin has experienced one of the most remarkable roller coaster rides of all time. Originally worth a fraction of one cent in 2009, the price of bitcoin rose to peak at not far short of $1,200 in December 2013. Since then, it has fallen erratically and is currently about [...]
London Report: Housing market stalls and GDP is re-evaluated September 28, 2014 HOUSING data showing fewer mortgage approvals and only modest price increases looks set to show that the UK’s booming property market is finally slowing. Bank of England figures out today are forecast to show that mortgage approvals fell to 66,000 in August from 66,569 in July and 67,085 in June. The numbers are well below [...]
Could Scottish independence break up the EU? September 15, 2014 Could Scottish independence lead to the break up of the European Union? That is one view being put out today by Societe Generale analyst Albert Edwards, who has warned the consequence of a Yes vote could be “as unpredictable and as uncontrollable as those of the late 1980s in Eastern Europe, which led to [...]
London restaurant Chilango raises tasty £2.2 million with crowdfunded burrito bond August 28, 2014 London burrito restaurant Chilango has raised a tasty sum through its so-called “burrito bond”, which it funded through crowd funding platform CrowdCube. The Mexican food chain raised £2.2m, more than double the amount it was aiming for with the retail bond. Almost 750 investors bought into the four-year mini-bond, which offers a fixed-rate of eight [...]
Best of the Brokers for 15 August 2014 August 14, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com DOMINOS PIZZA PLC Numis have given the pizza takeaway company a “buy” rating with a target price of 710p. Analysts believe the company still has significant growth prospects and expect both petrol and food costs to decrease. They expect accelerating store expansion. INFINEON [...]
Saga poaches Domino’s Pizza boss Batchelor December 9, 2013 PRIVATE equity-backed insurer Saga yesterday named Domino’s Pizza boss Lance Batchelor as its new chief executive. Batchelor, a former Royal Navy submarine officer and Domino’s chief executive since December 2011, will leave the fast food chain in April to join Saga, almost four years after he first joined Domino’s as a non-executive director. Batchelor’s departure [...]
Domino’s Pizza appoints Sean Wilkins as chief financial officer designate November 14, 2013 Domino's Pizza has appointed Sean Wilkins as chief financial officer (CFO) designate. Mr Wilkins will assume his responsibilities as CFO from 18 November, taking over from Lee Ginsberg after his retirement at Domino's annual general meeting in 2014. Mr Wilkins is an international finance director and recently held the position of general manager of Coles [...]