Indian chicken giant hatches £46m Rovers deal October 26, 2010 OIL billions may have transformed Chelsea and Manchester City into global superpowers but Blackburn believe they have found a saviour in an altogether less glamorous industry: chicken. Indian poultry giant Venkateshwara Hatcheries Group, or Venky’s as it is often known, expects to complete a £46m takeover of the top flight strugglers next month. It would [...]
Strong start for Domino’s March 30, 2010 BRITAIN’S biggest pizza delivery chain Domino’s has reported a strong start to 2010 despite bad weather in the early part of the year. The company, which operates the British and Irish franchises of the global home delivery brand, said sales at its 553 stores open for more than a year were up 10.5 per cent [...]
IRISH BAILOUT FAILS TO CHEER INVESTORS November 22, 2010 Markets fall and bond yields continue to rise Cowen resists snap election call ahead of budget UK confirms intention to offer £7bn in loans MARKET turmoil failed to subside yesterday in spite of the announcement of a multi-billion euro Irish bailout. As the Irish governing coalition threatened to fall apart and independent MPs said they [...]
IRISH BAILOUT FAILS TO CHEER INVESTORS November 22, 2010 Markets fall and bond yields continue to rise Cowen resists snap election call ahead of budget UK confirms intention to offer £7bn in loans MARKET turmoil failed to subside yesterday in spite of the announcement of a multi-billion euro Irish bailout. As the Irish governing coalition threatened to fall apart and independent MPs said they [...]
OUT OF OFFICE October 14, 2010 WINTER HAND CLINIC John Lewis Oxford Street has teamed up with luxury skincare brand Elemis to launch free Winter Hand Clinics to run throughout November and into December in-store. The bespoke consultations will be led by an expert Elemis skin therapist who will give customers top tips and advice on how to protect their hands [...]
Domino’s delivers profit uplift February 15, 2010 Domino’s Pizza, the takeaway company, is forecast to produce a 55 per cent rise in pre-tax profits tomorrow after benefitting from consumers cutting back on restaurant meals and eating at home. Analysts expect group turnover to increase 15 per cent to £157m, with internet sales tipped to account for around a quarter of orders. Domino’s [...]
Domino’s delivers recession-beating rise in pizza sales February 16, 2010 DOMINO’S yesterday delivered a 27.8 per cent jump in pre-tax profit as it vowed to continue its aggressive expansion. It made £29.9m on sales of £406.9m. The pizza seller reported an 8.4 per cent increase in like-for-like sales. Diluted earnings per share were 13.49p, up 26 per cent. The firm says it benefited from the [...]
Numis in FTSE 100 client win August 5, 2010 STOCKBROKER Numis Securities yesterday reached a landmark in its development as it won its first FTSE 100 client, investment firm Alliance Trust. Numis, which has just celebrated its tenth anniversary, already has 22 corporate broking clients in the FTSE 250, including property group Savills, Domino’s Pizza and retailer Mothercare. But Alliance Trust is its first [...]
BEST OF THE BROKERS July 13, 2010 CABLE & WIRELESS Morgan Stanley initiates coverage of Cable & Wireless (CWC) at “equal-weight” with a 72p price target. Morgan Stanley said that although it acknowledges that CWC has improved operating performance it sees better upside elsewhere in the sector. Beyond the dividend yield valuation does not look compelling, believes Morgan Stanley. L’OREAL UBS reiterates [...]
Bain Capital takes a slice of Japanese pizza market with Domino’s acquisition January 25, 2010 US PRIVATE equity firm Bain Capital said on Monday it would acquire the Japan franchisee of Domino’s Pizza as it sees opportunities in the country’s niche pizza delivery market. Bain Capital said in a statement that it would buy Japanese firm Higa Industries from Duskin, Daiwa SMBC Capital and Ernest Higa, the founder of Higa. [...]