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FSTA - Fuller Smith & Turner News Story

842p 42.0  5.3%

Last Trade - 30/07/21

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £1.14bn
Enterprise Value £1.45bn
Revenue £73.2m
Position in Universe 412th / 1800

UPDATE 1-UK's Domino's CFO to join pub chain Fuller, Smith & Turner

Fri 11th June, 2021 7:55am
(Adds details of company, CFO quote, background)
    June 11 (Reuters) - Domino's Pizza Group's  DOM.L  Chief
Financial Officer Neil Smith will leave the company to join pubs
and hotels chain Fuller, Smith & Turner  FSTA.L  as its finance
director, the two companies said in separate statements on
Friday.
    Smith is expected to join by Dec. 1, 2021, the company said.
    "While I was not looking to leave Domino's, I have been
given an exceptional opportunity to return to an industry where
I have spent much of my career," Smith said in a statement. 
    Smith departs less than a year after he was appointed as the
permanent CFO in September, replacing David Bauernfeind who had
died in a snorkelling accident.  urn:newsml:reuters.com:*:nL4N2FZ1O8
    The British pub operator has faced massive pandemic-led
losses in the last year, and has had to cut jobs and sell some
businesses, as social distancing measures and curfews until as
recent as May shut down its businesses and hammered the
hospitality sector.
    In March, the London-listed company said it received a
waiver from its lenders. During the lockdown, the company had a
cash burn of between 4 million pounds  ($5.67 million) and 5
million pounds, it reported earlier this year.  urn:newsml:reuters.com:*:nL4N2LT1VR

($1 = 0.7055 pounds)

 (Reporting by Vishwadha Chander in Bengaluru; editing by
Uttaresh.V)
 ((Vishwadha.Chander@thomsonreuters.com; Mobile: +91 7506036802;
Twitter:  https://twitter.com/vishwadha;))
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