Three key news stories unfolding as the UK stock market opens. Check out our companies reporting diary for upcoming results from FTSE 350 and selected international stocks.
1. Debt-funded share buyback underway at Dominos
Dominos Pizza Group LON:DOM has this morning announced the launch of a £20m share buyback. The move is being funded by debt but management note that the share price currently represents good value and as such presents value for shareholders.
- Domino’s Pizza delivers solid Q3 despite weaker demand
- UK Stock Market News: ABF, Smiths News, Domino’s
2. Kainos adds staff as momentum builds
IT provider Kainos LON:KNOS issued a H1 trading update this morning, noting that the positive momentum seen in the latter part of FY25 has been maintained, adding that as a result, the full year performance is now expected to land at the upper end of consensus forecasts. The company is expanding its workforce but is maintaining a prudent outlook.
3. Strategic shift at Team Internet knocks H1, improvement expected from here
AIM-listed Team Internet Group [LON:TIG] has issued its interim numbers this morning. A strategic pivot has seen gross revenues drop by one third, tipping the company to a material loss but the note also highlights that the change in approach is yielding results. Customer wins in H1 are expected to gain momentum and become revenue generating as the business moves into H2.
