Best of the Brokers for 09 July 2014 July 8, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com WPP Goldman Sachs has maintained its “buy” rating on the ad giant, but reduced its target price to 1,535p from 1,555p. The broker thinks that while growth in the second quarter met expectations, greater currency headwinds may have an impact. DOMINO PRINTING SCIENCES [...]
London Report: Home lending up but rise in UK prices is slowing July 27, 2014 MORTGAGE approvals figures appear likely to show the housing market is moving again, after tough new MMR loan tests slowed lending figures. However, house price data due on Thursday suggests prices may not be soaring as much as earlier this year. They are expected to have risen 0.5 per cent month-on-month in July – the [...]
Domino’s delivers stronger sales growth as mobile purchases increase October 2, 2013 Takeaway pizza company Domino's has seen like-for-like sales jump by four percent in its 669 mature stores in the 13 weeks to 29 September (release). That's an increase on the 3.9 per cent like-for-like sales growth it saw in the same period last year. That's despite what the company called "an extended period of unusually [...]
How the World Cup’s creating 1,300 jobs via 56m slices of pizza May 19, 2014 If you’re watching the beautiful game, a few slices of pizza may well add to the experience. And with the Brazil World Cup just around the corner, Domino’s Pizza UK has just kicked off a new recruiting drive, to deal with the extra 6m pizzas it reckons it’ll be delivering over the period. The high [...]
Domino’s Pizza keeps baking strong UK sales October 2, 2013 SHARES in Domino’s Pizza jumped nearly four per cent yesterday after it posted a rise in third quarter underlying sales and said its German expansion plans are back on track. The chain said despite the hot weather, like-for-like sales across its 669 mature UK stores rose four per cent over the 13 weeks to 29 [...]
London Report: FTSE drops on worrying data on the economy June 24, 2014 BRITAIN’S top share index slipped slightly yesterday, led lower by mining stocks, as signs of economic weakness in Europe and growing tension in Iraq made investors cautious. The FTSE 100 closed down 0.2 per cent, or 13.49 points, at 6,787.06 points following gains in early trade. The UK mining index, down 0.8 per cent, was [...]
London Report: Economic data to confirm rapid growth this year June 23, 2014 FIGURES released this week are expected to confirm that the economy grew at the fastest rate in nearly four years in the first quarter of 2014. Office for National Statistics (ONS) data, due out on Friday, will give the third estimate of output, and is expected to increase its original 0.8 per cent reading for [...]
Domino Printing cautious over outlook despite higher sales September 17, 2013 BRITISH-based Domino Printing Sciences, developer of ink jet and laser printing technology, revealed moderate growth but warned of difficult market conditions in its interim management statement yesterday. Sales in the 10 month period ending August 2013 were seven per cent above the same period in 2012. The company warned that market conditions remained difficult and [...]
Analyst Views: Has Domino’s kept the fire going under third quarter sales? October 2, 2013 KARL BURNS PANMURE GORDON“The update is better than expected, despite the warm weather and despite a pretty tough trading environment. The hangover in Germany is known about now and apart from maybe a lack of performance on new openings, trading is pretty strong across all aspects of the business. WAYNE BROWN CANACCORD GENUITY“In a retail [...]
What you need to know before the open April 2, 2014 European markets are set to open up this morning after positive data from the US. Corporate data House prices in March grew by 0.4 per cent, slower rate then previous months, according to the Nationwide building society. House prices are now 9.5 per cent higher than they were at the same point last year. Fashion [...]