Domino’s delivers ‘transformational year’ as profit goes up by 12.5 per cent March 8, 2022 Pizza multinational Domino’s said this morning 2021 was a “transformational year” for the company, as it reported a 12.5 per cent increase in profit. In the year ended 26 December, the group registered an 11 per cent increase in revenue, going from £505.1m to £560.8m, while its underlying EBITDA increased from £125.5m to £136.4m. Domino’s [...]
Cineworld, Hammerson and Boohoo: The top 10 most shorted UK stocks and fund managers with the most positions January 29, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to new research shared exclusively with City A.M. this morning. Some 8.8 per cent of its stock was held short by six investment firms, with New Holland Capital the largest short position with 2.42 per cent of the company’s [...]
£6,700 pizza bill: Hundreds of orders at Domino’s Dover branch for Channel migrants October 8, 2021 Hundreds of pizzas were ordered from the Dover branch of Domino’s pizzas in July, according to an analysis of the government department’s spending. The Home Office spent thousands of pounds in one month on Domino’s pizzas to feed migrants arriving in the UK after crossing the Channel from France. A disclosure log for Home Office [...]
Swiss miss: Domino’s bids farewell to Switzerland with final European franchise sale August 9, 2021 Domino’s Pizza Group has sold its last remaining franchises in Europe amid a withdrawal from the Continent to focus on its core UK and Irish markets. The pizza maker said its Swiss business had fetched 300,000 Swiss francs (£300,000) and the deal is expected to be completed this month. It ends a year-long process of [...]
Domino’s profits rocket as ‘Freedom Day’ ushers in more consumer cash August 3, 2021 Domino’s has seen its sales and profits rocket in the past six months, as the end of restrictions in the UK ushered in greater consumer spending power. The pizza group’s profits after tax pulled in £41.3m in the six months to 27 June, surging 117.4 per cent from its just £19m profit in 2020. Sales [...]
Revealed: The most-shorted UK stocks in the current volatile Covid-19 era July 13, 2021 New data from the London Stock Exchange and crunched by ETP provider GraniteShares shows the most-shorted UK stocks include some of the supposed "winners of lockdown": supermarkets and food delivery companies.
Pizza and a pint: Fuller, Smith & Turner poaches Domino’s CFO June 11, 2021 Hotel and pub group Fuller, Smith & Turner has poached Domino’s Pizza’s chief financial officer who will join the company towards the end of the year. Joining the pub group as finance director, Neil Smith will also be placed onto the group’s board. Shares in Domino’s sank following the announcement, falling by 1.85 per cent [...]
Domino’s to hire 5,000 new workers as staff return to old roles June 1, 2021 Domino’s is planning to hire 5,000 cooks and delivery drivers as staff who joined during the pandemic return to previous roles. The takeaway chain told the BBC it had hired thousands of employees over the last year to keep up with demand. These included hairdressers, taxi drivers and event managers who were unable to carry [...]
Domino’s sells Icelandic business for £14m to focus on UK and Ireland March 29, 2021 Domino’s has agreed the sale of its Iceland business in a deal worth £14m as the pizza chain continues to exit its directly-operated overseas operations to focus on its core UK and Ireland business. The fast food firm today announced it has sold the Icelandic division to a consortium of investors including Eyja Fjarfestingafelag, Kristinn [...]
Domino’s to open 200 new stores as pizza chain launches fight back against competitors March 9, 2021 Domino’s is planning to open 200 new stores in a bid to increase sales to £1.9bn, the pizza chain announced this morning. The firm, which reported that sales increased 11.4 per cent to £1.35bn last year, today launched a new strategic plan to beat competitors that have invested in online delivery capability during the pandemic. [...]