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City snapshot: HelloFresh sales more than double amid increased capacity

By Alec Mattinson2021-05-04T07:59:00+01:00 Top story European delivery kit giant HelloFresh has posted another quarter of bumper growth as it increased capacity to meet surging demand during the coronavirus pandemic. Group revenue more than doubled in the first three months of the year, reaching €1.44bn in the first quarter and representing constant currency growth of 116%. Its active customer base jumped by a million customers in both its international and US businesses to reach 7.3 million worldwide. Adjusted EBITDA for the period was €159m, representing a 152% rise from the corresponding quarter last year and an adjusted EBITDA margin of 11% for the period.

Domino s Pizza Group PLC completes giveaway of Swedish business as it pays buyer £1 8mln to take it

Domino’s Pizza completes giveaway of Swedish business as it pays ‘buyer’ £1.8mln to take it The new owner is a company called Eyja fjárfestingafélag that is controlled by Birgir Bieltvedt, the indirect owner of Domino s franchisee DP Norway Domino’s Pizza Group PLC (LON:DOM) announced that the transaction to offload its Swedish arm PPS Foods completed on Sunday. The fast-food chain said in March it would pay €2mln (£1.8mln) in cash to the ‘buyer’, a company called Eyja fjárfestingafélag that is controlled by Birgir Bieltvedt, the indirect owner of Domino s franchisee DP Norway. Domino s Sweden is the master franchisee in the Scandinavian country with 14 stores.

Can You Imagine How Domino s Pizza Group s (LON:DOM) Shareholders Feel About The 20% Share Price Increase?

Can You Imagine How Domino s Pizza Group s (LON:DOM) Shareholders Feel About The 20% Share Price Increase?
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City snapshot: Retail sales rebound ahead of reopening

By Alec Mattinson2021-04-23T08:06:00+01:00 Top story Retail sales volumes continued to recover in March ahead of the reopening of non-essential shops, according to date from the Office of National Statistics. Overall retail sales rose 5.4% in March compared with the previous month, reflecting the effect of the easing of coronavirus restrictions on consumer spending. Sales were 1.6% higher than February 2020 before the impact of the coronavirus pandemic. Non-food stores provided the largest positive contribution to the monthly growth in March 2021 sales volumes, driven by a 17.5% spike in clothing store sales and a 13.4% rise in sales at other non-food stores. Food stores reported monthly growth of 2.5%, with strong growth in specialist food stores (butchers and bakers) as they continued to be boosted by the closure of the hospitality sector during the Easter period.

London open: ECB bond purchase programme in focus

London open: ECB bond purchase programme in focus Thu, 22nd Apr 2021 08:13 (Sharecast News) - Stocks have started Thursday s session higher ahead of the European Central Bank s policy decision, the main risk event of the day, with investors especially focused on anything that it might have to say on the possible exit of its Pandemic Emergency Purchase Programme. The ECB was set announce its policy decision at 1245 BST, followed by the press conference with its chief, Christine Lagarde, at 1330 BST. Commenting on how markets were approaching the ECB meeting, Michael Hewson, chief market analyst at CMC Markets UK, said: At the last meeting ECB President Lagarde said the bank would step up the weekly purchase program in an attempt to keep a lid on yields, however some members are already calling for the program to end by March 2022, and investors will be keen to see how she navigates any questions on the various diverging views on the governing council over when the program ends.

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