Domino's vice chairman sells £1m slice

Colin Halpern, vice chairman of the pizza delivery firm Domino's, has pocketed more than £1m after offloading some of his shares in the group.

H S Real, a company owned by a discretionary trust, the beneficiaries of which are his children, sold 500,000 shares at 205p a share.

The sale leaves Halpern with a holding of about 7.5m shares, about 4.6% of the company.

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Back in February, H S Real offloaded 2.5m shares in Domino's at 210p a time for a cool £5.25m.

Unlike many companies in the current climate, the Domino's share price has held up well over the past year in spite of all the turmoil in the economy.

The firm appears to have benefited from consumers' tendency to cut back on more expensive luxuries such as restaurant meals while still treating themselves as they stay at home.

Last month, like-for-like sales in the 501 mature stores were up 9.3% in the 13 week period to the end of March, which includes the unseasonal outbreak of snow in February, compared with 12.4% in 450 mature stores last year.

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