Domino’s shares up 3% on growth

Pizza delivery firm Domino’s Pizza plans to increase its presence across the UK to 1,600 stores after seeing a strong performance from new outlets and a positive market outlook, it has said.

Outside the UK, Domino’s has also identified opportunities for 400 stores, excluding its German joint venture, up from around 100 at the end of 2016. The firm, which expects to have 950 UK stores operating by the end of 2016, had previously been targeting 1,200.

“Our continued strong ecommerce performance and our collaboration with our dedicated franchisees, enable us to increase our UK presence significantly,” said chief executive David Wild.