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Domino's Pizza Group (DOM)

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Down 299.40p
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Domino's Pizza says Andrew Rennie 'committed' to European role

21 Jun 19

LONDON (ShareCast) - (Sharecast News) - Shares in Domino's Pizza slumped on Friday after the company denied speculation that Andrew Rennie, the chief executive for Europe, was set to take over from UK and Ireland CEO David Wild.
Domino's stock rose sharply on Thursday after Sky News said the company was in advanced talks to replace Wild, with Rennie the frontrunner.

But Domino's said in a statement on the ASX on Friday that there is "no substance" to the speculation, and that Rennie has confirmed he is "committed to his current role".

Rennie said: "As a senior executive in this business, and a significant holder of DMP shares, I am invested in our future and look forward to delivering on the growth plans we have outlined to the market."

Broker Liberum said it was "understandable" that the shares rose on Thursday as Rennie has "an excellent track record" and is "culturally just the man" for the job, being an ex-franchisee.

"He would be highly respected by the UK franchisees and having known Andrew for many years, we appreciate, and quite rightly, why the shares rose yesterday," Liberum said.

At 0900 BST, the shares were down 5.8% at 263.50p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 299.40p
Change Today -14.50p
52 Week High 326.40p
52 Week Low 221.20p
Volume 562,947
Shares Issued 462.23m
Market Cap 1,383.92m


  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 21-Mar-19
Paid 07-Oct-19 25-Apr-19
Amount 4.20p 5.45p