Shaken Domino's to reassure investors as it is set to post strong sales figures
Domino's Pizza UK hopes to reassure nervous investors with strong sales figures this week following the sudden resignation of its chief executive Lance Batchelor.
The takeaway and delivery chain is expected to announce like-for-like sales up 4.5 per cent when it issues a trading update on Wednesday.
Shares fell more than 9 per cent early last month after Batchelor announced his departure.
Departing boss Lance Batchelor suggested it needed 1,000 immigrants to take up work Britons did not want
Analysts at stockbroker Peel Hunt said last week: ‘The shares have bounced after the shock resignation of the chief executive, but the market is clearly nervous.’
Batchelor, who leaves at the end of April to join travel and insurance group Saga, had complained that Domino’s was ‘struggling to get enough employees’, suggesting it needed 1,000 immigrants to take up work Britons did not want.
Immigration Minister Mark Harper retorted: ‘If you have jobs available and you can’t fill them, he perhaps ought to reflect on the salary package that he’s offering.’
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