Company
Dignity
LON:DTY
Dignity is engaged in the provision of funeral services, including funeral directing, crematoria operation and the marketing and administration of pre-arranged funeral plans. The Company owns 540 funeral homes and operates 22 crematoria in Britain. It also engaged in pre-arranged funeral plans, where people plan and pay for their funeral in advance. The Company’s operations are managed across three main areas: funeral services, crematoria and pre-arranged funeral plans.
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Dignity falls into loss in third quarter
With the unpredictability of the death rate in 2022 and the impact of its new strategy and regulatory changes, the funeral provider said it is continuing to refrain from giving guidance
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Queen Elizabeth II: “My whole life shall be devoted to your service”
An obituary of Britain's longest reigning monarch, who died this week at Balmoral aged 96
Tributes flood in for UK’s longest serving monarch
"She was more than a monarch. She defined an era" said US president Joe Biden
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‘Farewell ma’am’: Queen Elizabeth II dies aged 96
A statement said the UK's longest-serving monarch died peacefully at Balmoral
Dignity among raft of funeral providers to get nod for pre-paid plans
Pre-paid funeral plans are due to come under the Financial Conduct Authority's remit from 29 July
Dignity says profits to drop as COVID-19 pandemic eases
Declining death rates and higher cash burn will restrict 'short-term' profits, the company cautioned
Dignity trading slows down due to fewer COVID-19 deaths
Restrictions eased on funeral attendance so revenue per funeral was higher, however fewer have been conducted this year
Dignity carries out a fifth more funerals and cremations due to COVID-19
Dignity went through a boardroom battle during the quarter
Dignity chairman Clive Whiley and independent directors depart after losing shareholder vote
The two sides have been engaging in a war of words over the future strategy of the funeral services company
Dignity hits out at largest shareholder amid battle for control of the board
"Phoenix has made ill-advised public statements which have been self-serving and have had little regard for the wider interests of shareholders," Dignity’s independent directors said
Dignity's largest shareholder slams chairman as boardroom spat intensifies
“We believe we can no longer trust Clive Whiley to be executive chairman of Dignity,” Phoenix said in an open letter to shareholders
Dignity calls general meeting after boardroom challenge from major shareholder
Phoenix UK Fund is seeking to remove Clive Whiley as executive chairman and replace him with chief investment officer and founder of Phoenix, Gary Channon
Dignity swings into loss as it faces boardroom battle with major shareholder
Phoenix Asset Management Partners, which owns a 29.9% stake in the funeral firm, has requisitioned a general meeting in a bid to oust Dignity's executive chairman Clive Whiley and install its own CIO Gary Channon as an executive director
Funeral industry faces new competition probe when coronavirus pandemic eases
Funeral providers will have to publish prices to allow comparisons of costs and also any key terms such as if a deposit is required
Dignity loses two long-standing board members as it works on new strategy
The company said its long-term aim of growing sustainable market share “could have ramifications for short-term performance”
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Email of the day on share dilution
Thanks, Eoin, for your considered response. The point I was trying to get at though is that looking at a stock price chart only can hide all manner of sins. If the share count has doubled, all else equal, the price per share should only be
Dignity shares rocket higher as CMA backtracks on funerals
Consumers are more likely to compare prices going forward, but this should be a relief for the industry
Funeral groups escape price controls as coronavirus forces CMA to rein back
Shares in crematoria owner Dignity jumped 11% as the provisional report was released
Dignity says coronavirus is hitting income per funeral
The withdrawal of funeral limousines and the unavailability of church services had a major impact on the group’s average income per funeral in April
Dignity falls further on new government advice on funerals amid coronavirus
Analysts said the government rules will reduce the scale of funerals and is likely to also hit pricing
Dignity shares slide as financial miss expectations it warns over CMA impacts
The CMA "could materially impact the industry and the size and shape of our business”, the funeral firm said.
Dignity profits still declining despite higher death rate
Underlying operating profit in the 13 weeks to 27 September was down 8.2% on the same period last year
Investments and investor services
FTSE 100 closes in the red as traders await first US rate cut since recession
Investors are expecting a cut of 0.25% in the benchmark short-term rate
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Lloyds to post weaker profits as PPI claims deadline looms
The day ahead includes interims from Lloyds and Taylor Wimpey along with the Federal Reserve's latest policy decision
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Week ahead preview: Lloyds, Barclays, RBS, BT Group, BoE and US Fed
It will be a busy week for markets with a barrage of corporate earnings and interest rates decisions from the Bank of England and the US Federal Reserve.
Dignity drops as funeral regulation to be brought 'in line with other financial products'
HM Treasury pointed to “high pressure and misleading tactics” in the current market for pre-paid funeral plans and said new regulation will be in line with the insurance market
Investments and investor services
EQTEC gives ground as it draws on its loan facility
A look at the day's major movers, including Carclo, Sareum, Karelian, Kier, Fulcrum, Microsaic, Dignity and Scapa
Dignity prays for more deaths as it warns of multimillion-pound hit to this year’s profits
After a slow start to 2019, Dignity bosses now need a “significant increase” in the number of deaths throughout the rest of the year in order to maintain profits
Investments and investor services
FTSE 100 closes in red as US/China trade tensions ramp up a gear
The UK's blue-chip index finished the day around 39 points lower at 7,163
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Burberry, Kingfisher, Thomas Cook and Aston Martin in focus in week ahead
The week ahead's highlights include updates from Burberry, Land Securities, British Land, Premier Foods, Experian, Kingfisher, Aston Martin, Dignity, Centrica, Thomas Cook, On the Beach and Countryside Properties.
Dignity welcomes competition investigation into funerals business but brokers less sure it's good news
Costs of cremations and funerals have shot up over recent years
Dignity shares drop as 2018 profits and revenues fall on funeral price cuts
“In the medium-term, the board believes that targeting solid single-digit increases in underlying earnings per share is appropriate and achievable,” Dignity said
FTSE 100 closes marginally higher ahead of next Parliamentary vote on Brexit
The January US Durable Goods Orders and Shipments Report showed that business equipment investment got off to a sluggish start this year, Berenberg Capital Markets noted
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Spring Statement to dominate on Wednesday amid fallout from Brexit deal vote
While major fiscal measures are not expected, the result of Tuesday's vote on Theresa May's Brexit deal could put the chancellor on the spot
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Shifting supermarket landscape the focus with first-half results from Morrison's
Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen
Dignity upgrades profit forecasts on “stronger than expected” fourth quarter
In a brief trading update, the funeral services provider said the average funeral income had remained higher than anticipated while overheads had been lower than expected
Dignity shares buried as CMA launches probe into funeral prices
The CMA said that its initial study of the market had revealed problems that had resulted in prices rising ahead of inflation for over a decade
Dignity shares drop as profits fall amid restructuring to ward off tough competition
Dignity expects average income will be lower in the fourth quarter but left its full-year guidance unchanged
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Housebuilders to take centre stage again after Persimmon boss drama
The week ahead includes trading updates from Bovis Homes and Taylor Wimpey, full year results from McCarthy & Stone, interims from Royal Mail, Vodafone and Premier Foods along with a batch of UK data
Dignity shares buried as Co-op sparks funeral price war with pledge to beat competitor quotes
The Co-op has cut the cost of its basic funeral service by £100 and pledged to beat rivals’ like-for-like quotes
FTSE 100 ends in positive territory as Barnier now sees potential Brexit deal in weeks
The UK's index of leading shares added 1.6 points, or 0.02% , to finish at 7,279, while sterling was up 0.80% against the US dollar
Dignity steps lively with better-than-expected interims
Traffic to the group's websites for the first half was up 33% year-on-year, possibly because of the revolutionary idea of putting the prices of its funeral packages on some of its offerings
Investments and investor services
FTSE 100 closes firmly lower as miners lag and attention turns to BoE rate decision
The Footsie closed Wednesday almost 96 points lower at 7,652.
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Financial sector to hold most attention as Fed rate decision looms
The Fed rate decision is expected to come and go with little drama on Wednesday, with the decision from the Bank of England on Thursday more likely to cause upheaval
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Banks in the foreground as the BoE and Fed make rate decisions; Barclays, Lloyds, RBS all report results
Aside from the raft of banking numbers in the Week Ahead, the likes of BP, Centrica, Next, Rolls-Royce, BAE Systems and Taylor Wimpey will also continue the FTSE 100 reporting splurge
Dignity sticks with full-year outlook despite strong second quarter
"Following our first quarter results announcement we can report that trading since then has remained strong; however, our outlook for the year remains unchanged"
MySQUAR Limited pockets another £350,000 from bond conversion
A look at the day's major share price movements, featuring MySQUAR, Velocity Composites, Magnolia Petroleum and Dignity
Dignity shares buried as CMA launches investigation into funerals market
If it finds issues of particular concern, the CMA could take further action, such as opening consumer or competition enforcement cases or launching a full market investigation.
FTSE 100 joins European and US indices to head north after strong US jobs number
The UK blue-chip index finished at 7,701 - up 0.31%, but was down on the week, off around 0.46%. .
Dignity sees trading improvement continue
The funeral services provider had already upgraded its annual forecasts on the back of the performance in the first three months
FTSE 100 closes in red as there is little around to spark investor interest
FTSE 250 fared better though closing ahead by around 15 points at 20,800.
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Wide variety of blue-chip updates due in coming week - from Centrica to AstraZeneca
Week ahead includes updates from drugs giant AstraZeneca, mobile phones operator Vodafone Group, British Gas-owner Centrica, and postal delivery firm Royal Mail Group
Enteq flows higher as oil sector rebound boosts latest full-year results
Oil prices have recovered over the past year which has led to companies setting up more rigs; good news for Enteq, an oilfield services provider
Dignity shares surge as it predicts full-year results ahead of market expectations
The funeral director said its revenue for the first quarter of 2018 was around £95mln, up from £93mln previously
Dignity surges as price cuts inspire "step change" in demand for its simple funeral package
It's an ill wind (and we're not talking about the "Beast from the East") ... the number of deaths in the first two months of this year was 7% higher than in 2017
Investments and investor services
FTSE 100 closes in red as Wall Street suffers, but miners show support
FTSE 100 closed down around six points at 7,132 but big cap miners were up
Morrisons is not the basket case it once was
Previews of results statements from supermarket chain, Morrisons; insurer behemoth, the Pru, and infrastructure contractor, Balfour Beatty
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Chancellor's Spring Statement unlikely to include big spending plans, says think-tank
The week ahead includes the UK's budget statement and earnings from Morrisons, Prudential, Cairn Energy, Cineworld, Savills, Wetherspoons, Balfour Beatty and Fevertree
Wednesday could be red letter day for Royal Mail if return to FTSE 100 status confirmed
The latest quarterly FTSE indexes reshuffle will be announced after the market close on Wednesday, Royal Mail looks like it’s going to stage a return to the blue chips, with property company Hammerson PLC falling out
Investments and investor services
Prospex Oil and Gas boosted by new discovery, Petro Matad pinched by US$16mln placing
A look at some of the top risers and fallers in London today.
Dignity to drop funeral prices, issues profit warning for 2018
In a bid to preserve market share, the company is dropping the price of ‘simple’ funerals and freezing the cost of most ‘traditional’ funerals
Investments and investor services
FTSE 100 closes on a high but latest UK stats weigh on retailers
Turns out it was a blue Christmas for the UK retail sector, with sales data showing a worse than expected December period.
Dignity slumps as the funeral operator warns on 'significant' competitive pressures
Dignity "recognises the increasingly competitive environment and the consequential challenges facing the group", said chief executive Mike McCollum
Archive
Don’t expect fireworks from Taylor Wimpey’s quarterly numbers
House builders and telcos will provide some of the weeks highlights.
UK funeral firm Dignity reports first half profit and revenue growth as number of deaths rise
Dignity said it continues to expect the number of deaths in 2017 to be lower than last year
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William Hill looking to upset the odds
It's not quite 'Super Thursday' but definitely a busy day with heavyweights BAE, Standard Chartered, Travis Perkins and Vedanta among those reporting
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Banks to dominate another busy earnings week, including numbers from HSBC and RBS
Week ahead: HSBC, Royal Bank of Scotland, Royal Dutch Shell, Next, Centrica, Shire, US jobs, Bank of England policy meeting ...
FTSE 100 closes at record high; miners in support
The UK blue chip index closed at 7,454, below the new intra-day peak of 7,460.20, but above the previous high of 7,447 hit in March
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Pension scheme front and centre for Royal Mail Group PLC
Week ahead: Royal Mail, Burberry, SSE, Mitchells and Butlers, easyJet ...
Funerals provider Dignity sees shares drop as worries over a loss of market share offset growth in 2016 profits
The FTSE 250-listed firm reported pre-tax profits of £71.2mln for the year to December 31 2016, up 3% from the £69.0mln posted in 2015
Restaurant Group back on menu on signs of stability
Some of the top rises and falls in London at 3.30pm: Restaurant Group, Inmarsat, Graphene Nanochem
Investments and investor services
FTSE 100 ended lower despite sterling weakness and Budget boost to builders
FTSE 100 shares ended down on Wednesday with sterling nursing a seven-week low despite a lift for construction stocks following the UK Finance Minister’s Budget pledge of a mini Trump boost to infrastructure
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G4S to benefit from Trump's military spending plans as it reports full year earnings
US President Donald Trump's plans to increase defence spending may lend support to G4S while The Restaurant Group's new chief executive has plenty of work ahead after its struggles
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Limited wiggle in the Budget for Hammond
The Chancellor of the Exchequer may have a lower debt burden to deal with than he was expecting at the time of the Autumn Statement but he is unlikely to splurge
Week Ahead: Royal Mail needs to deliver pre-Christmas surprise
Elsewhere, Crest Nicholson, Barratt Developments, easyJet, Vodafone, TalkTalk and others will all report to the market in one form or another
Dignity shares higher as trading beats expectations
Underlying operating profits in the third quarter were £1.8mln higher than the same period in 2015
Week Ahead: US election takes centre stage
Aside from the election, several UK retailers have results due next week
Week Ahead: Summit Therapeutics to reflect on year of unrelenting progress
News flow for the drugs developer has been nothing but positive this year
Week Ahead: TalkTalk has some explaining to do
There are bigger companies reporting this week, such as Sainsbury's, Prudential, SABMiller and Rolls-Royce, but few will command as much coverage as TalkTalk,
Thursday's agenda: Thomas Cook to update on summer trading
Fed chair Janet Yellen will also give a speech on Thursday after last week's interest rate announcement...
Investments and investor services
Week Ahead: Did the poor UK summer boost holiday companies?
Holiday companies Thomas Cook and Carnival report after contrasting updates earlier in the year.
Small-caps offer a haven from global economic woe - analysts
City firms expect smaller companies to eclipse larger peers this year
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Wednesday's agenda - Sky among the riders as results pour in
Wednesday sees a veritable clutch of results statements from some big guns....
Investments and investor services
Week Ahead: Big oil and the banks to dominate
No shortage of big names reporting this week, including the state-controlled lenders Lloyds and RBS, plus integrated oil giants BP and Shell