BP launches fresh costs review; Trump attacks ‘woke’ JLR as it announces new boss – business live

Rolling coverage of the latest economic and financial newsThe UK’s Domino’s Pizza Group has cut its profit forecast this morning, warning that costs are climbing as sales fall.The group, which has the exclusive rights to the Domino’s brand in the UK and Ireland, reported that total orders were flat in the first half of this year, and that like-for-like sales fell 0.7% in April-June.“There’s no getting away from the fact that the market has become tougher both for us and our franchisees, and that’s meant that the positive performance across the first four months didn’t continue into May and June.Given weaker consumer confidence, increased employment costs and uncertainty ahead of the Autumn Statement, franchisees are taking a more cautious approach to store openings for the time being. Continue reading...

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