London open: Stocks ease after surge
28th Sep 2011 08:35
Shares have fallen back a little in early dealings, unsurprisingly given yesterday's surge. Hedge fund manager Man Group took investors by surprise though and the shares are sharply lower. It said statutory profit before tax on continuing operations for the six months ending 30 September 2011 total
Read moreDomino's Pizza leaves shareholders wanting more
28th Sep 2011 07:44
Domino's Pizza shrugged off weak economic conditions to post a 9.8% rise in sales in the 13 weeks to 25 September. The pizza deliverer's sales during the period climbed to £127m from £115.7m, bringing sales for the year to date so far up to £385.4m, a 9.2% rise from £352.8m the previous year. Like
Read moreLondon close: US debt uncertainty persists, Footsie finishes under
25th Jul 2011 16:42
The Footsie trimmed earlier gains as markets in the US recovered after a weak start. Despite falling as low as 5,893 on Monday, London's blue chip index finished firmly above the 5,900 mark, as giants BP, ARM, BG and GlaxoSmithKline rose ahead of their interim results due tomorrow. While stocks on
Read moreFTSE 250 Movers: Dixons likely to report weak first quarter
25th Jul 2011 13:43
As the risks mount up at Dixons Retail, UBS downgrades the electricals retailer from "neutral" to "sell", saying that trading is "set to remain tougher for longer". The Swiss broker thinks that Dixons, which owns PC World and Currys, is likely to report a weak first quarter "given the tough World
Read moreLondon midday: Stocks fight back but stay lower
25th Jul 2011 12:07
London's leading share index has recovered from this morning's poor start, but remains a few points in the red. Today's most notable recovery has come from FTSE 250-listed Domino's Pizza. The pizza deliverer's shares fell this morning after it posted a rise in first half profits amid a tough climat
Read moreLondon open: Stocks retreat after rally
25th Jul 2011 08:29
Stocks have given back some of the gains posted ahead of the weekend, with company updates failing to impress investors. Domino's Pizza has gone cold. The pizza-deliverer posted a sharp rise in first-half profits in the first half of the year despite the tough economic climate, but the pizza delive
Read moreDomino's Pizza triples ad spend as sales struggle
25th Jul 2011 07:38
Domino's Pizza posted a sharp rise in first-half profits in the first half of the year despite the tough economic climate, but the pizza delivery group could see margins squeezed in the second half as it triples advertising spending. Pre-tax profits in the 26 weeks to 26 June rose to £20.1m from £1
Read moreWeek Ahead: Oils, pharmas, Reckitt, Domino's
22nd Jul 2011 11:35
The half-year results season gets underway next week with a flood of updates from heavyweights, including some big players from the energy (BG, BP and Shell) and pharmaceuticals (Glaxo and Shire) sectors. Even Monday, normally one of the quietest days of the week for results, sees announcements fro
Read moreBroker tips: Domino's, Bowleven, Moneysupermarket.com
9th Jun 2011 12:58
Panmure Gordon reduced its earnings forecasts for Domino's Pizza, reflecting the impact of start-up losses as part of the group's German expansion. "Management guidance is that expansion into Germany will dilute earnings per share (EPS) by circa 3-4% per annum [in] 2011-13." After factoring in the
Read moreBroker snap: Panmure slices estimates at Domino's
9th Jun 2011 12:48
Panmure Gordon has reduced its earnings forecasts for Domino's Pizza, reflecting the impact of start-up losses as part of the group's German expansion. The broker thinks that Germany is already a competitive pizza market and that hitting its target of opening 400 stores in ten years appears ambitio
Read moreFTSE 250 movers: Bodycote soars after strong quarter
27th Apr 2011 13:48
The big mover of the day is engineering firm Bodycote after it said it expects headline operating profit for the year to 31 December 2011 to be towards the top end of analysts' forecasts after strong demand for heavy trucks. The outlook impresses broker Prime Markets which said that the shares (curr
Read moreDominos Pizza acquires German franchisee
27th Apr 2011 08:44
Domino's Pizza has established a launch pad for rapid international expansion with the acquisition of 75% of the master franchisee for the pizza delivery group in Germany. The other 25% of the franchisee, Intergrowth Enterprises, will be retained by Briskas, an affiliate of the German hotel operato
Read moreThursday tips round-up: Domino's Pizza, Topps Tiles, Charles Taylor
31st Mar 2011 06:31
Domino's Pizza's trading statement yesterday showed sales up 4.2% in the first quarter, itself a fall on the 4.7% in the first seven weeks of the year. Analysts think this year's figure might struggle to beat 3%. Such growth suggests a more sensible trading multiple, and the shares are on about 22
Read moreLondon close: Retailers and banks pull London to dull finish
30th Mar 2011 17:38
Footsie came off its highs for the day, as retailers and banks did their best to drag the market lower. Nevertheless, the blue chip index finished 16 higher at 5,948. Invensys was sharply lower after RBC Capital Markets initiated coverage of the engineer with an "underperform" rating. That was the
Read moreFTSE 250 movers: Dixons plummets after profit warning
30th Mar 2011 15:58
Dixons Retail shares have dropped by nearly a fifth as dampened consumer confidence has led to a profit warning by the PC World and Currys owner. Kesa Electricals, the owner of the Comet chain, is also under the weather. Identity theft and credit card insurer CPP is recovering from a huge sell-of
Read more