Investors seem to have had their fill of Domino’s Pizza after business slowed at the start of the year.
The FTSE 250 group said sales rose just 0.7 per cent in the first ten weeks of 2025 having been up 3 per cent in the final quarter of 2024.
Domino’s also reported a 12 per cent slide in annual profits to £124.9million and shares fell 3.6 per cent, or 10.6p, to 282.4p. The firm remained upbeat, however, and plans to open more than 50 stores this year.
Following heavy selling on Monday – particularly in New York where the Nasdaq fell 4 per cent in its biggest one-day fall since 2022 – the FTSE 100 lost 1.2 per cent, or 104.23 points, to 8495.99 yesterday while the FTSE 250 slid 0.5 per cent, or 105.02 points, to 19770.16.
Construction firm Kier fell 12.7 per cent, or 17.8p, to 122.2p after first half profits of £28.6million failed to impress. But rival Costain jumped 7.2 per cent, or 7.5p, to 111.5p after it doubled its dividend.
Iron ore miner Ferrexpo said it needs more time to finalise its full-year results due to upheaval at its operations in Ukraine. Shares lost 3.2 per cent, or 2.2p, to 67.7p.
Slowdown: Domino’s Pizza said sales rose just 0.7% in the first ten weeks of 2025 having been up 3% in the final quarter of 2024
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