As it happened: Oil prices tumble as Bessent says US-Iran deal imminent; miner stocks rally Markets Welcome back to the City AM FTSE 100 liveblog. The price of oil tumbled on Tuesday afternoon after a senior Trump ally said that a deal over control of the Strait of Hormuz could be agreed with Iran in the coming days. The price of Brent crude – the international benchmark for oil – tumbled [...]
Domino’s takes on KFC and Popeyes with new fried chicken menu Retail Domino’s has announced a new foray into the fast-growing fried chicken market as it looks to turn the tide on tough economic conditions. Chief executive Andrew Rennie said that the new menu items – tenders, wings, and boneless bites with nine “globally-inspired” dips – were a “bold new chapter for Domino’s”. Rennie added that the [...]
Domino’s: Higher employment costs and slowing sales dampen profitability Retail New store openings at Domino’s have been lower than expected as it franchisees struggle with lower profitability in a tough market. Just 11 stores have been opened in the year to date, with new openings in the full year expect to be in the mid twenties as franchisees becomes “cautious… given increased employment costs,” Domino’s [...]
Domino’s: Pizza chain reports order growth and expects ‘minimal’ tariff impact April 24, 2025 Domino’s has reported order growth ahead of the market and said it does not expect Trump tariffs to impact the business. Its share price dipped by just over one per cent in early trades. Total sales rose 2.1 per cent to £393.3m in the first quarter of 2025, from £385.2m in 2024, while total orders [...]
Dominos: Pizza chain announces new chair, higher sales and a dividend increase March 11, 2025 Dominos has announced a new Chair, set to take the role in April, as well as a slight dip in revenue, higher sales and a higher dividend. Sales Dominos Pizza Group, the UK-based subsidiary of Domino’s Pizza Inc, rose two per cent to £1,571.5m in the 52 weeks to December 29, from £1,540.5m last year. [...]
Domino’s Pizza: Firm back on track as sales outpace estimates November 6, 2024 Domino’s Pizza has reported a return to positive sales growth as the firm’s efforts to improve the customer experience have paid off. The fast-food chain told markets this morning that orders grew by 3.5 per cent in the third quarter to 17.4m. This was driven by deliveries rather than collections, with the former up 6.6 [...]
DP Poland: Sales at Eastern European Domino’s Pizza owner jump November 4, 2024 DP Poland, the owner of Domino’s Pizza in Poland and Croatia, has announced double-digit growth as its bet on franchising has paid off. The group holds the master franchise rights to the Domino’s brand and network in Poland and Croatia, with 111 locations across Poland and five across Croatia. In Poland, sales increased by 19 per cent [...]