International pizzas to go as Domino's culls overseas arm
Domino’s will exit the businesses in Norway, Sweden, Germany, Iceland and Switzerland in an 'orderly manner'.
Company
LON:DOM
Domino's Pizza holds the master franchise to own, operate and franchise Domino's Pizza stores in the UK and Irish markets. There are over 500 Domino's Pizza stores in a growing number of towns and cities throughout England, Scotland, Wales and Ireland.
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Domino’s will exit the businesses in Norway, Sweden, Germany, Iceland and Switzerland in an 'orderly manner'.
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A look at the day's major movers, including WH Smith, Rathbone Brothers, Petro Matad, Domino's Pizza and Moneysupermarket.com
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High street chains like Pizza Express, Domino's, and Just Eat are feeling the pinch, with flat sales and rising debts
Domino's Pizza said new store openings are being delayed and some of its working practices are being impacted as talks to settle a row with franchisees continue
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Despite a lot of fear about, and problems across the world, markets don't seem to care.
Domino’s shares jumped on Thursday afternoon amid reports that Andrew Rennie, the respected European boss for Domino's Australian business, could soon be announced as the new CEO for Domino’s UK arm
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The UK's premier shares index finished the afternoon session off nearly 31 points at 7,367
To offset sluggish like-for-like growth, Domino’s has put its prices up, but it can’t do that forever, says UBS, especially given how cash-conscious consumers are
The broker said it had downgraded its forecasts to reflect lower LFLs in the UK and Ireland, greater losses in International and a lower rate of openings following a profit warning last week
New management teams in Norway, Switzerland and Sweden have not yet been able to reverse the “persistently weak” sales trend
Investments and investor services
A look at the day's major movers, including Distil, Oilex, Challenger Acquisitions, Thomas Cook, Koovs, Begbies, Domino's Pizza and Purplebricks
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Stock markets in Europe have suffered severe declines as US-China trade tensions have heightened
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The week ahead includes updates from BT Group, Superdry, Morrisons, ITV, IAG, Barratt Developments, Direct Line, RSA Insurance and Imperial Brands
Domino's franchisees are currently in a row with the company's top executives, refusing to open more stores as they call for a greater share of the profits
Chief executive David Wild said 2018 was a mixed year with the UK and Ireland extending Domino’s “excellent track record of growth and cash generation” and international markets experiencing “some “growing pains which have hampered our over
"It’s over. The deal and perhaps May’s premiership. The DUP & the ERG & Cox have seen to that. What’s extraordinary is that no-one knows what happens next," tweeted the BBC's Nick Robinson
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Tuesday will also bring the latest UK GDP growth data, a day ahead of the Chancellor's Spring Statement, as well as results from Domino's Pizza, G4S, and Cairn Energy
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Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen
In a report from The Sunday Times at the weekend, the pizza chain was said to have seen its franchisees refuse to open new stores unless they were given a greater share of the profits
On the Friday before Christmas, Domino’s sold 12 pizzas every second in the UK and Ireland, but a slump in sales abroad means full-year profits will be at the lower end of expectations