Cash to go as Domino's hands back £19m
16th Nov 2009 07:10
Domino's Pizza is to return £19m cash that is surplus to requirement back to shareholders though a tender offer for 6m shares at 317p. Four directors will take part in the tender in respect of their own shareholdings. They include chief executive Stephen Hemsley; Colin Halpern; Christopher Moore; a
Read moreFriday tips round-up: BAE Systems, Domino's Pizza, ICAP
2nd Oct 2009 06:50
The Serious Fraud Office's move to press charges against BAE Systems over alleged bribery is certainly discomforting for the company. It is, however, questionable what lasting impact it will have on the shares. The investment case for BAE remains sound. The shares are yielding 4.5% and trading on a
Read moreLondon close: Footsie slides with Wall Street
1st Oct 2009 16:28
Footsie closed sharply lower after the US reacted badly to worse than expected dole claims. The Dow is now down more than 100 points with investors nervous ahead of the big monthly non-farm payrolls figure tomorrow. BAE struggled after the Serious Fraud Office asked the Attorney General if it can p
Read moreLondon afternoon: Blue chips drifting along
1st Oct 2009 14:05
Footsie has recovered a little ahead of the US open, but the index is still in the red with weapons group BAE Systems especially under the cosh. Early indications are for the Dow to drop between 15-18 points, with intital jobless claims a bit higher than expected. The big jobs figure comes tomorro
Read moreBroker tips: Insurers, Misys, Domino's Pizza
1st Oct 2009 12:53
The life assurance sector has recovered strongly from its first quarter lows but there is still plenty of juice left in the major players, Panmure Gordon reckons. The broker has increased its target prices for five insurers: Prudential (to 732p from 585p), Standard Life (234p from 212p), St. James'
Read moreBroker snap: Charles Stanley hails Domino effect
1st Oct 2009 12:51
An acceleration in third quarter like for like sales at Domino's Pizza has prompted Charles Stanley to revise its earnings projections for the pizza delivery firm. Citing 'top line activity and the beneficial impact of margin gains,' Charles Stanley has upgraded its profit before tax forecast for t
Read moreLondon midday: Footsie slips after record quarter
1st Oct 2009 12:08
Footsie has paused for breath after its record-breaking quarter with weapons group BAE Systems especially under the cosh. The Serious Fraud Office has asked the Attorney General if it can prosecute the defence contractor over alleged bribery in a number of countries. The SFO is deciding if it shou
Read moreLondon open: Healthy start to Q4
1st Oct 2009 08:40
London set off higher Thursday as buyers snapped up miners and Legal & General (L&G) continued to attract speculative interest. Persistent talk that Resolution is circling L&G had the insurer higher again in early deals, while yesterday's upgrade by Deutsche Bank helped. The broker also thinks Av
Read moreLondon pre-open: Flat start expected
1st Oct 2009 07:42
After celebrating the biggest quarterly rise in its history yesterday the Footsie seems reluctant to move at all at the start of the new quarter, with traders predicting a flat opening. Interdealer broker ICAP expects revenue to increase by about 6% in the half year ended 30 September 2009, but pro
Read moreDomino's Pizza to exceed expectations
1st Oct 2009 07:02
Concerns that the hot summer might have slowed the growth of Domino’s Pizza proved unfounded as the company boasted of an exceptionally strong third quarter. Like for like (LFL) sales in its 501 established outlets rose by 10.8% in the 13 weeks to 27 September, compared to an 8.8% increase in the c
Read moreThursday preview: Domino's Pizza, PMI Manufacturing
30th Sep 2009 17:00
After the tumult of results announcements on Wednesday from companies cutting it fine in beating the deadline for publication of end-June results, a much quieter day is in prospect on Thursday. Domino's Pizza has been one of the success stories in the restaurant sector during the recession as cash
Read moreAIM still breeding ground for talent
28th Aug 2009 15:12
A growing number of smaller companies listed on London's AIM are choosing to join the main market, new research has shown. Eleven firms left the junior market for the big league last year, up from eight in 2007 and just three the year before, says business advisory firm Deloitte. Though the number
Read moreTuesday tips round-up: Domino's Pizza, Peter Hambro, SThree
21st Jul 2009 06:41
Domino's Pizza's announcement that it expects to beat the market's full-year profit expectations, after saying that interim profits were up 25%, is impressive, but increasingly the norm. While the stock is already looking pricey, there is not too much to hamper Domino's growth plans, and the extra
Read moreLondon close: Footsie finishes ahead
20th Jul 2009 16:41
London's top stocks remained in the same range and closed with good gains as financials and miners had a strong day. Wall Street starting higher also helped. Sentiment was lifted in the US after reports that lender CIT Group has obtained a last-minute emergency financing rescue deal worth $3bn. Ll
Read moreLondon afternoon: Strong US opening keeps Footsie ahead
20th Jul 2009 15:47
A strong start on Wall Street has kept Footsie in the blue though it has lost some of its early momentum. Lloyds Banking is the best performer on a weekend report it could post an interim profit despite enormous bad-debt provisions. Some of its most toxic sub-prime investments have clawed back bill
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