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Pin to quick picksGlobal Brands Share News (GBR)

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Global Brands' pizzas melting in the heat

Wed, 13th Jul 2011 12:28

Global Brands, the AIM listed company which owns the Domino's Pizza franchise in Switzerland, Luxembourg and Liechtenstein, saw sales in the first half of 2011 rise by 15.4% from the same period last year.However, the half-year revenue rise to 7.7m Swiss Francs (CHF) masked a disappointing second quarter.Exceptionally hot weather in Switzerland between April and June slowed down the rise in sales, with the stores owned wholly by Global Brands (as opposed to sub-franchisees) seeing like-for-like sales in the second quarter just 1.7% better than 2010.The Chief Executive, Bruce Vandenberg, said of the trading update:"While the second quarter sales performance was a little disappointing, we believe that this was primarily due to unseasonal weather conditions and the business remains capable of significant growth."Investors took a different view to Vandenberg, with the company's shares trading down 9% at 2.5p in morning trading.BS
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5 Nov 2010 15:00

London afternoon: Blue chips perk up

Footsie has rallied as the afternoon session has progressed with miners making good gains on the back of better than expected US monthly jobs numbers. Vedanta is now the best performer, with silver miner Fresnillo, ENRC and Antofagasta all making good gains. Part-nationalised bank Royal Bank of S

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5 Nov 2010 14:37

Record month for Global Brands

Global Brands, the Switzerland-based Domino's Pizza master franchisee, says that October was a record month. Global Brands reports that like-for-like sales were 21% ahead of the same month last year. The revenue was CHF1.28m in October 2010. Like-for-like sales are 19% ahead in the first 10 months

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5 May 2010 17:16

London close: Late rally pares losses

Though tomorrow is the day of the UK General Election all eyes were on Greece today, as at least three people were reported dead as violent protests erupted in central Athens against the planned introduction of austerity measures. Stocks came off the bottom towards the end of the session, though th

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5 May 2010 12:52

Small caps round-up: Global Brands, Japan Leisure, Plethora...

Shares in Global Brands charged forward as the Domino's Pizza franchise holder in Switzerland reported strong trading in 2010 to follow a good end to 2009. Global says January sales increased 7.4% on January 2009, February sales increased 11.2%, March sales increased 14.5% and April sales increased

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