Domino’s wants to make its presence feel strong in UK

Domino's Pizza, one of the biggest pizza delivery firms has planned to increase its presence across the UK to 950 stores by the end of 2016.

As per reports published in Reuters, Domino's has also planned for growing 400 stores in total outside UK, excluding its German joint venture, up from around 100 at the end of 2016.

David Wild, Chief Executive, Domino's, said, "Our continued strong e-commerce performance and our collaboration with our dedicated franchisees enable us to increase our UK presence significantly. Internationally, our progress in Switzerland and new collaborations in the Nordic region are exciting opportunities for the business."

The firm said re-phasing of supply chain projects mean that full-year capital expenditure will be around 20 million pounds, less than the 33 million pounds indicated at the half year.

Domino's said it remains committed to the return of surplus cash to shareholders through buy-backs, but had paused the process in recent weeks because of a technical issue it is currently resolving.