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Aug 1 (Reuters) - Britain's Domino's Pizza Group (DOM.L) announced a 70 million pound ($89.78 million) share buyback programme on Tuesday and raised its annual profit forecast range helped by higher orders and sales in the first half of the year. Resilient customer spending has helped the UK hospitality slowly recover from pandemic lows amid pressures from high costs. In the first half of the year, total orders increased 2.8% to 35.4 million, helping the company to post an 8.2% rise in underlying core profit. The company, a franchisee of U.S.-based Domino's Pizza Inc (DPZ.N), said it now expects an underlying core profit of about 132 million pounds - 138 million pounds for the year. Analysts on average had expected 127.6 million pounds, according to a company-compiled consensus.
Persons: Elias Diaz Sese, Radhika Anilkumar, Subhranshu Sahu Organizations: Thomson Locations: U.S, Bengaluru
UK's Domino's Pizza Group names new CEO
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: +1 min
July 13 (Reuters) - Domino's Pizza Group (DOM.L) said on Thursday Andrew Rennie, who has served as the Europe chief for a major franchise operator of the pizza chain, will join the UK firm in August as its chief executive. Rennie will take over from Elias Diaz Sese, who has been serving as Domino's Pizza Group's (DPG) interim CEO since October 2022. The group owns, operates and franchises Domino's stores in the UK and Ireland. Rennie has held several roles at Domino's Pizza Enterprises in over two decades, including being CEO of its European business from 2014 to 2020. The Sydney-listed company holds exclusive master franchise rights for the Domino's brand across 12 markets including Australia, New Zealand, Belgium, France, The Netherlands, Germany and Luxembourg.
Persons: Andrew Rennie, Rennie, Elias Diaz Sese, Sese, DPG, Chandini, Nivedita Organizations: Ireland, Pizza Enterprises, Thomson Locations: Europe, Sydney, Australia, New Zealand, Belgium, France, The Netherlands, Germany, Luxembourg, Bengaluru
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