Domino’s Pizza, Robert Walters and Ted Baker

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“The FTSE100 confounded forecasts and opened slightly higher although investors were generally keeping their powder dry while awaiting key trade data and keeping a close eye on developing geopolitical issues,” says AJ Bell Investment Director Russ Mould.

Domino’s Pizza was the biggest FTSE250 riser in early trading after a double-digit jump in third-quarter sales. Demand continues to remain strong despite the squeeze on consumer spending. The group continues to invest in digital platforms and online sales jumped by 17.4% and now represent 75% of UK system sales. The group has reaffirmed that its forecasts for full year underlying pre-tax profits remain at least in line with market expectations. Domino’s Pizza’s shares were up by more than 9.6%.

“Recruitment consultant Robert Walters was up after a bullish update. Third-quarter earnings were up 21% and the group is confident that full-year figures will be ahead of current forecasts. Net fee income in the UK rose by 15% with activity levels in London highest across technology and legal recruitment. The regions are also seeing good growth, with St Albans and Manchester the standout performers. The group’s shares were up by over 6.3%.

Ted Baker’s shares edged higher as double-digit increases in revenues and pre-tax profits were tempered by the challenging market environment. Ted Baker has continued to expand the brand with further concessions with leading department stores across the UK, Europe, and Asia and licensee openings in Australia, Dubai, Kuwait, Lebanon, Mexico, Qatar, Saudi Arabia and Turkey. The group is on track to meet its full year forecasts but trading conditions in some of its markets remain challenging.”

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