Brexit disruption ‘to spark activist investor interest’ in UK December 3, 2019 Disruption from Brexit could spark an increase in activist investors targeting public companies in the UK, a new report has warned. The UK, which is already Europe’s largest market for activists, is at risk of drawing more attention from investors looking to pile the pressure on management over the coming year. Read more: EU finance [...]
Hedge fund activists are ‘shepherds, not wolves’ December 4, 2019 Activist hedgies do not deserve their reputation as “big, bad wolves”, according to a new report which argues that the controversial industry is looking for more than a quick buck. A group of researchers have said this morning that there is no evidence of hedge fund activists being corporate raiders, hitting back at claims that [...]
Domino’s to create 6,000 new jobs September 15, 2020 Pizza takeaway chain Domino’s has announced it is creating 6,000 new roles ahead of the crucial Christmas trading period. The fast food firm is hiring 5,000 new employees as well as 1,000 placements under the government’s Kickstart scheme to help young people get jobs after the coronavirus pandemic. Among the 5,000 new roles, Domino’s will [...]
Debenhams finance chief exits after just 12 months to join Ted Baker September 26, 2019 Debenhams finance chief Rachel Osborne has stepped down in order to join struggling fashion brand Ted Baker. Osborne was appointed chief finance officer at the embattled department store in September last year, and has quit after one year to take on the same role at Ted Baker. Read more: Debenhams wins high court battle to [...]
Domino’s appoints permanent finance chief as boardroom shake-up goes on September 2, 2020 Neil Smith has been made the permanent finance chief of takeaway chain Domino’s as the pizza house bolstered its board with a number of new appointments. Smith, who has served as the interim chief financial officer since joining in April, replaces David Bauernfeind, who died in a snorkelling accident last year. Prior to joining the [...]
Return of live sport after lockdown pushes Domino’s sales to £342m October 15, 2020 The return of televised live sport after lockdown saw Domino’s sell an extra 600,000 orders in the third quarter, pushing sales to £342.1m. The pizza chain reported an 18.7 per cent jump in UK and Ireland sales for the 13 weeks ended 27 September, with orders also boosted by the increase in UK staycations over [...]
Domino’s reinstates dividend as pizza chain hails ‘resilient’ lockdown sales August 11, 2020 Pizza chain Domino’s reinstated its dividend payment as it hailed “resilient” trading during the UK coronavirus lockdown. The figures UK like-for-like sales were up 4.8 per cent and Ireland like-for-like sales increased 3.6 per cent during the first half of the year. However underlying earnings before interest and taxes fell to £51.4m pounds for the [...]
Domino’s picks a Rennie after Wild excess June 21, 2019 A Rennie is a long-held cure for indigestion. Domino’s Pizza Group’s franchisees, who have been complaining that they have had as much as they can swallow of boss David Wild, should, then, welcome the fact that a Rennie is exactly what they’re in line to get. Having acknowledged in March that searches were underway for [...]
End of the Saga: Chief executive Batchelor hangs up his lance June 12, 2019 The chief executive of over 50s travel and insurance group Saga will retire next year, the company said today. Lance Batchelor will retire at the end of the financial year in January 2020 after six years with the business. The recruitment of his successor is underway. In April Saga shares sank 40 per cent after [...]
Domino’s suffers big dip in shares as it warns on international sales May 7, 2019 Shares in Domino’s Pizza fell seven per cent this morning after the firm warned it will no longer break even in its international division. Read more: Domino's Pizza hits back at reports it misled the City over franchisee row The figures Domino’s group sales rose 4.3 per cent to £324.4m. UK and Republic of Ireland [...]