Domino’s results go cold as profits slump July 30, 2013 Takeaway chain Domino's has seen system sales increase by 13.8 per cent to £326.5m in 26 weeks ended 30 June (release). However pre-tax profits (after exceptional items) have sunk from £21.5m to £11.6m. Profit before tax, excluding Germany and Switzerland, increased 10.3 per cent to £25.7m with sales up 6.4 per cent in the UK. [...]
Domino’s goes cold as more directors sell off stakes amid weakened profits August 5, 2013 Shares in Domino’s Pizza have lost 7.5 per cent on the news two prominent directors and company shareholders sold shares in the company late last Friday. Nigel Wray, non-executive director and once a holder of just under 30 per cent of the company, has sold his remaining three per cent stake for 570p per share, [...]
London Report: Mortgage lending data to shine light on housing boom March 30, 2014 MORTGAGE approval data for February, due out today, are likely to highlight more growth in the heated housing market. The figures will be closely watched after the Bank of England last week warned some borrowers may be overstretching themselves in the current fast-moving market. Purchasing Managers’ Index (PMI) data for manufacturing, construction and services published [...]
What you need to know before the open April 30, 2014 A slightly lower open is expected in Europe this morning, as earnings results continue to come in and investors look to economic data from both sides of the Atlantic. Growth data from the US could well show a weaker number after the freezing winter, and after that we’ve for the Federal Reserve’s rate decision. A [...]
Best of the Brokers for 28 March 2014 March 28, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com DOMINO’S PIZZA Numis is upbeat about the food chain ahead of an interim management statement for the first quarter due on Wednesday next week. “We expect it to be strong,” Numis says, keeping its “buy” rating and 710p target price, and adding that [...]
Recruiter sees the domino effect of bored workers switching jobs August 1, 2013 RECRUITMENT firm Robert Walters has seen an upswing in the jobs market as workers become “bored of recession”, its chief executive said yesterday. “For the first time in a while we’re able to be markedly upbeat, and there’s a degree of optimism returning in a number of markets,” Robert Walters told City A.M. “People get [...]
Domino’s Pizza falls after £30m shares sell-off August 5, 2013 SHARES in Domino’s Pizza tumbled 7.5 per cent yesterday afternoon as investors reacted to news that two prominent non-executive directors sold more than £30m in shares after markets closed on Friday. Property entrepreneur Nigel Wray, an early investor in the pizza-maker who once held nearly 30 per cent of the firm, has pocketed £28m after [...]
Saga puts retail investor at heart of London float April 30, 2014 SAGA, the over-50s holidays-to-insurance provider, yesterday unveiled plans for the biggest flotation in London this year, as a stampede of silver haired savers registered to snap up shares in the listing. The business, which was founded by east end hotelier Sidney De Haan in 1950, said it would raise £550m in an initial public offering [...]
Domino’s Pizza sales jump after Britons ordered in for royal birth July 30, 2013 DOMINO’S Pizza said it enjoyed a leap in sales on the day of the royal birth, as Britons stayed glued to their television sets to get their first glimpse of baby Cambridge. “Prince George drove sales up 20 per cent on the previous Monday – it had greater impact on our sales than any weather [...]
The UK’s 50 biggest companies that still have all-male boards March 26, 2014 UK companies are closing in on a government target to see women in 25 per cent of FTSE 100 board positions. That's according to the 2014 Cranfield Female FTSE board report, which shows that just 48 more women are needed on the boards of Britain's top companies for the target to be met. Just two [...]