Domino’s Pizza profits dive as people cut back on takeaways in UK

Amid weaker consumer confidence and rising wage costs, fast-food firm says market has become tougherDomino’s Pizza said the takeaway market had “become tougher” as it blamed weaker consumer confidence in the run-up to the autumn budget and rising wage costs for lower-than-expected sales and a slump in profits.After a drop of nearly 15% in half-year profits, the company now expected full-year underlying profits of between £130m and £140m, about £6m below analysts’ expectations. Continue reading...

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Former fund manager Woodford facing ban and £46m fine