City&FinanceBriefing London Lite Monday, 20 July 2009 33 Dominos delivers a sales leapIF eating in is the new dining out, then there seems a good chance that, rather than go to all the trou- ble of stoking up the barbecue, many households are instead sim- ply picking up the phone and call- ing Dominos Pizza. The 576-strong delivery chain may be churning out calorie-question- able pizzas, but its profits remain in rude health. Dominos, whose profile will undoubtedly have been boosted by being the sponsor of the hit Britains Got Talent television show that stopped the nation for a couple of weeks earlier this summer, today reported a 25% leap in profits to 13.6 million in the first half of the year. Total sales were up 15% to 196 million as the company opened 50 new outlets during the past year. More importantly, underlying like-for-like sales are up 7.1%. That is down from the rampant 11% a year ago but still represents a strong performance in a sector that is struggling as consumer spending gets crunched. Chris Moore, Dominos chief executive, said that the figures were good in a period of economic tur- bulence, especially in light of the recent run of good weather and given that growth is over and above the strong comparatives from last year. The hot weather does have an impact on our business, he said, but sales start to come back after prolonged periods of warmer weather as the lure of the barbecue fades. Moore added that the companys r a n g e o f s p e c i a l o f f e r s scheduled over the summer months will ensure Dominos remains a regular part of our customers culinary routine. Tasty: profits leapt 25% Retail sales jumped nearly 5% in london last month as the warm weather tempted shoppers nervous about the recession on to the High Street. the london Retail Consortium today said like-for-like sales in the capital were 4.7% higher in June than they were in the same month last year. that was a far better performance than the 1.4% rise seen in the UK as a whole. Yes, london outperformed the rest of the UK, said British Retail Consortium director general Stephen Robertson. But, like the rest of the country, uncertainty about jobs means londoners are still nervous about spending, particularly on big-ticket items. Sun shines on High Street shops BY ROBERT LEA Australia Dollars 1.9366 Canada Dollars 1.7391 Denmark Kroner 8.2080 Eurozone Euro 1.1059 Hong Kong Dollars 12.0000 Japan Yen 145.5200 New Zealand Dollars 2.3610 South Africa Rand 12.4700 Sweden Kronor 12.2500 Switzerland Francs 1.6773 UAE Dirham 5.6222 United States Dollars 1.5578 TourisT raTes Fraud has shot up to its highest in 21 years, with more than half of the uKs cases taking place in the South- East of England, according to research published today. Individuals and businesses fell victim to more than 160 cases of serious fraud worth 636 million in the first six months, KPMGs fraud barometer revealed. Hopes of economic recovery in the UK are running ahead of reality, a leading think-tank warned today as it forecast the deepest recession since the end of the second World War. The ernst & Young Item Club said the UK economy will shrink by 4.5% this year, the biggest fall since 1945 and much worse than the 3.5% decline forecast by the Government. UP 36.76 at 4425.51 fTse 100 Dow jones nikkei -$ UP 32.12 at 8743.94 CLOSED for holiday UP 1.66c at $1.6503 >>for all the latest City share prices, call 0905 817 1694* or visit thisismoney.co.uk * Calls cost 75p/min from a BT landline & last approx 1 min per quote. not all stocks are available index.html2.html3.html4.html5.html6.html7.html8.html9.html10.html11.html12.html13.html14.html15.html16.html17.html18.html19.html20.html21.html22.html23.html24.html25.html26.html27.html28.html29.html30.html31.html32.html33.html34.html35.html36.html37.html38.html39.html