Up in smoke: Is it time to stub out your exposure to tobacco stocks? June 25, 2019 “Blow in her face and she’ll follow you anywhere.” That was how one advert tried to sell cigarettes back in the 1960s. More than half a century later, the glamorous, seductive veneer of the cigarette industry has gone up in smoke. Gone is the attractive packaging, which has been replaced by ugly images of tarred [...]
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 [...]
Foreign flops at Purplebricks and Domino’s hit shares May 7, 2019 International expansion is not as easy as it looks – just ask the boards of Purplebricks and Domino’s. Michael Bruce, found and chief executive of Purplebricks, is stepping down after a torrid year for the company. COO Vic Darvey is stepping into the breach. That means we’ve seen the poor performance recently claim 3 CEOs [...]
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 [...]
Mark Kleinman: Chairs face revolt over independence day March 29, 2019 Who’s the odd one out on this list of veteran FTSE-350 bosses? As chairs of Babcock International, Domino’s Pizza and GVC Holdings, Mike Turner, Stephen Hemsley and Lee Feldman find themselves among the first victims of governance reforms decreeing the end of their ability to act independently after nine years on the board. In the [...]
Domino’s to shake-up top team amid ongoing row with franchisees March 26, 2019 Domino’s Pizza is preparing to replace three of its most senior executives amid a damaging row with franchise holders, it emerged today. The chain said it is succession planning for chief executive David Wild, chairman Stephen Hemsley and senior independent non-executive Helen Keays. Read more: Domino's Pizza hits back at reports it misled the City [...]
Is the proposed ban on TV junk food ads before 9pm just another example of nanny state regulation? March 19, 2019 Is the proposed ban on TV junk food ads before 9pm just another example of nanny state regulation? Daniel Pryor, head of programmes at the Adam Smith Institute, says YES. When the government wants to treat TV ads for fruit juice like soft porn, you know something has gone horribly wrong. There’s no legal definition of [...]
Domino’s Pizza hits back at reports it misled the City over franchisee row March 18, 2019 Domino’s Pizza published a statement today hitting back at allegations that it had misled the City over the state of its relationship with its franchisees. Domino’s said it “strongly refutes the reported allegations” and said it “has been clear and transparent that it has been in commercial discussions with franchisees, which are continuing.” The Sunday [...]
Domino’s profits hit by international ‘growing pains’ March 12, 2019 Domino’s saw profits fall last year as it suffered ‘growing pains’ in international markets, the pizza company announced today. Shares in the fast food firm were up 6.18 per cent to 247.5p this morning after it said it continued to perform well in the UK and Ireland, and revealed plans to break even internationally next [...]