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Trending Tickers: Domino's Pizza, Berkshire Hathaway, Barratt, Ryanair

The latest investor updates on stocks that are trending on Monday

FILE PHOTO: A Domino's Pizza employee works in a restaurant in Los Angeles, California, U.S. July 18, 2018. REUTERS/Lucy Nicholson/File Photo
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.

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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 delays

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