Domino's Pizza posted quarterly revenue of $1.4bn, up 0.8% from the previous year. (REUTERS / Reuters) Domino's (DPZ) Domino's Pizza headed around 3.1% up in pre-market trade in the US on Monday following an earnings report that showed global retail sales growth of 4.9% (excluding foreign currency impact) for the fourth quarter and 5.4% growth for fiscal 2023. The takeaway stalwart posted quarterly revenue of $1.4bn (£1.1bn), up 0.8% from the previous year but slightly below the $1.42bn forecast from Wall Street analysts. At its investor day in December, the company laid out ambitious growth plans to increase the amount of restaurants it operates by 1,100 by the end of 2028 as, well as increasing retail sales by 7% every year. Read more: FTSE 100 LIVE: European markets fall as UK watchdog probes housebuilders The stock price is up around 47% compared with the same time a year ago. Berkshire Hathaway (BRK-B) Warren Buffet's fund Berkshire Hathaway headed around 4.5% higher in pre-market trade on Monday as it laid out 2023's full-year results. Revenue came in at $364.5bn, up 21% from the previous year. Net income also pulled the fund out of a $2.8bn loss in 2022, coming in at $364.5bn. Its profit margin for 2023 was 26%, up from a net loss in 2022. Read more: Stocks that are trending today In a letter to investors Buffett also laid out an $8bn gain from bets on Japanese equities, as it built out stakes of roughly 5% in five Japanese trading companies in August 2020 Barratt (BDEV.L) The UK's competition watchdog launched an investigation into UK housebuilders on Monday, citing concerns that they are sharing commercially sensitive information to influence the price of new homes. The Competition and Markets Authority (CMA) announced an investigation under the Competition Act 1998 into Barratt, Bellway (BWY.L), Berkeley (BKG.L), Bloor Homes, Persimmon (PSN.L), Redrow (RDW.L) Taylor Wimpey (TW.L), and Vistry (VTY.L), having seen evidence that some housebuilders may be sharing information which could weaken competition in the housing market. Read more: Housebuilders investigated by watchdog over price of new homes It said it had “found evidence during the study which indicated some housebuilders may be sharing commercially sensitive information with their competitors, which could be influencing the build-out of sites and the prices of new homes.” Barratt stock fell 1.7%, alongside industry peers, on the news. Ryanair (RYA.IR) Ryanair set out a potential 10% price hike amid looming capacity issues in its aircraft fleet on Friday. The carrier is set to receive fewer Boeing (BA) aircraft by June than originally expected, potentially spelling issues for its busiest period. CEO Michael O'Leary outlined uncertainty about how many planes it would be getting, adding that Boeing had previously said would deliver 50 aircraft by the end of June, where it was expecting 57 by the end of April. "We don't really know how many aircraft we're going to get from Boeing," O'Leary said in a media briefing. Stock spiked about 1.2% in early trade on Monday before settling around 0.3% higher. Watch: Ryanair may cut summer flights over Boeing delaysThat’s according to Ryanair CEO Michael O’Leary, on Friday.
He said Boeing originally told the Dublin-based airline they would receive 57 planes by the end of April.
However, just over a week ago the projection dropped to 50 by the end of June.
O’Leary says the number could drop even further, and that “If we only get 40, by the end of March we will have to announce some minor schedule cuts.”
He was also sharply critical of the plane maker, repeating calls he has made before for Boeing management changes...
...and saying that Boeing has misled Ryanair about the severity of its crisis.
Boeing has been entangled in a regulatory audit and prohibited from increasing production of its 737 MAX planes since January...
That's when a panel blew out of a brand-new Alaska Airlines MAX 9 with it was mid-air.
In a statement to Reuters, Boeing confirmed that it has told some airlines that deliveries could be delayed as the company ensures planes meet all regulatory standards.
Ryanair's stock has risen by a quarter over the past two years, making it the best performing European airline in the post-pandemic travel boom.
But further capacity constraints could make the carrier less competitive against low-cost rivals like easyJet. ","thumbnailUrl":"https://s.yimg.com/uu/api/res/1.2/sgSXn5BYI96Gn01nGUOj3A--~B/aD01NDA7dz05NjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/video.reutersnews.com/7bf55972ab59fdae629c4c0afd813320","duration":"PT1M23S","contentUrl":"https://video.media.yql.yahoo.com/v1/video/sapi/hlsstreams/ab5da9bb-164f-384a-8b63-64598ca7f069.m3u8?site=finance®ion=GB&lang=en-GB&devtype=desktop&src=sapi","embedUrl":"https://uk.finance.yahoo.com/video/ryanair-may-cut-summer-flights-041825898.html?format=embed","identifier":"ab5da9bb-164f-384a-8b63-64598ca7f069"} Download the Yahoo Finance app, available for Apple and Android.
Trending Tickers: Domino's Pizza, Berkshire Hathaway, Barratt, Ryanair
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