Domino’s Pizza reports 12.3% rise in Q1 sales boosted by online orders

Domino’s Pizza has reported a strong rise in first quarter sales, boosted by new offerings and promotions, as Britain’s cold snap led people to stay indoors. Domino’s Pizza said that new product launches such as the ‘Hit Dog Stuffed Crust’ has persuaded customers to order in, pushing sales to £164m for the 13 week period to March 31. The fast food chain also reported a whooping rise of 38.4% in online orders…
Read more...News Corporation reports Q2 profits of £1.52bn on cable networks business

Rupert Murdoch’s News Corporation has reported to have earned more than double the profits in its latest quarter over the same period previous year, largely attributed to the acquisition of stakes in cable networks in Australia and Asia. The media empire’s net income for the three months to December came in at $2.38bn (£1.52bn) compared to $1.1bn (£0.70bn) in the same period a year earlier, on sales up 5% to $9.4bn (£6bn)….
Read more...Toyota becomes world’s biggest automaker with 9.75m sales in 2012

Toyota Motor Corporation reclaim the title of the world’s biggest automobile maker, reporting a whopping 23% gain in global sales over previous year, selling 9.75 million vehicles in 2012. General Motors, which sold 9.29 million vehicles in 2012, was positioned at second place after seven decades at the top, while Volkswagen claimed the third spot with sold 9.07 million vehicles. Toyota’s overseas sales jumped 19% while sales in Japan, where…
Read more...Britvic collaborates with Pepsi to distribute Fruit Shoot in 30 US markets

Britvic is all set to distribute its Fruit Shoot drink in 30 US states by summer 2013 after entering into a distribution deal with PepsiCo American Beverages (PAB). The British drinks giant has also sealed another deal with PepsiCo South West Europe which will see Britvik distribute the brand in Spain this spring. Britvic has carried out a successful trial of Fruit Shoot in nine US states, which has led to the…
Read more...Unilever profits rise 7% buoyed by growth in emerging markets

Unilever posted £42bn annual turnover for the first time buoyed by sales growth of 6.9%, beating forecasts of 6.5%. The world’s third-biggest consumer goods company reported pre-tax profit rose 7% last year to €6.68bn (£5.61bn), on turnover up 10.5% to €51.3bn (£43.18bn), despite higher food and energy costs. The consumer goods company reported fourth-quarter sales rose by 7.8%. For the full year, Unilever saw strongest sales growth in Asia and Africa – up…
Read more...Barclays pre-tax profits may rise 25% to £1.67 billion in Q3

Scandal-ridden Barclays bank pre- tax profits in third quarter seem to have increased as revenue from the fixed-income unit of its securities arm rose, reflecting gains against its US competitors. Barclays is likely to post an increase of 25% to £1.67 billion in its pre-tax profits. Barclays bank profits will be declared by 7 am today. Barclays’s Fixed Income Clearing Corporation (FICC) revenue may rise 20% to £1.99 billion from £1.66 billion…
Read more...Honda cuts annual profits forecast as Chinese boycott Japanese cars

Honda, the Japanese carmaker, has reported to have cut its full-year profit forecasts, after anti-Japan protests in China marred the sales in the country, as Chinese consumers shunned Japanese products, leading to a 40% fall in September sales in China. Owing to the revisions in its financial report, Honda shares fell as much as 5.8% to 2,370 yen (£18.4) before trading at 2,417 yen (£18.8) at 1:46 pm as the…
Read more...HMV Group reports 11.6% drop in summer sales

Music retailer HMV Group has reported that not much has changed with respect to it summer sales as trends in HMV Retail during the 20 week period ended September 15, showed its like-for-like sales plunge 11.6%, while total group sales fell by 14.8%, attributed to store closures announcements. HMV Group reported that sales of portable digital technology devices, products and services continued to grow, boosted by the store refits programme…
Read more...Asos posts 15% increase in UK sales

Online fashion retailer Asos has had steady sales over summer posting £141million, in three months to August 31, an increase of 31% over the same period last year. The UK sales increased 15% to £49.9 million, as compared with 8% in the previous quarter, which covered a slightly overlapping period because of an accounting year-end change. Asos reported that international sales growth fell from 49% to 42% to £91.2 million…
Read more...Balfour Beatty, Anglo Pacific stabilise in H1 after rocky start

Construction giant Balfour Beatty is slowly emerging out of misery despite the abysmal state of the UK construction industry, as its H1 revenues from continuing operations, including joint ventures and associates, rose 6% to £5.5 billion, boosted by the support services and the construction services division, which saw revenue growth of 9% and 7%, to £828 million and £3,504 million, respectively. Balfour Beatty explained that the £258 million reduction in…
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