Dignity welcomes watchdog’s probe into high funeral prices March 28, 2019 Dignity has welcomed a competition probe into the funeral sector announced today. Read more: Dignity shares slide after regulator proposes funeral competition probe The Competition and Markets Authority (CMA) said it will carry out a full market investigation into the industry after voicing concerns over high prices and a lack of competition. Dignity, the UK’s [...]
The magic of finance can help make the world a better place March 1, 2019 When Hollywood created a sequel to the original Mary Poppins film, the producers introduced a new character: a villainous banker who could give everybody a good scare. But why exactly is the banker the villain? After all, a healthy economy requires a healthy financial sector that is at the service of people as they pursue [...]
Dignity rises as profits beat expectations despite tough year January 15, 2019 Dignity’s problems are not terminal it seems as the company beat market expectations to rake in a £79m profit. The group rose 2.1 per cent as the markets opened this morning, bringing it to 735p, but well below its 1,880p price on this day last year. Read more: Dignity shares slide after regulator proposes funeral competition [...]
Dignity shares slide after regulator proposes funeral competition probe November 29, 2018 Shares in listed-funeral provider Dignity dropped 15 per cent today following an announcement by the Competition and Markets Authority (CMA) of a potential probe of the sector. The CMA today proposed a “major funerals probe after identifying serious concerns”. Shares in Dignity fell 15 per cent, from 864p to 847p following the news. The CMA [...]
Funeral provider Dignity sees share price slide as profits drop amid rising competition November 12, 2018 Funeral provider Dignity saw shares slide more than six per cent today after it reported a £10.8m drop in profits. The 14 per cent dip in profit to £68.6m in the year to the end of September, compared to £79.4m in the same period last year, comes as the group fought off competition from rivals. [...]
Funerals group Dignity in £38m deal to expand with Laurel purchase June 16, 2015 Listed funeral services provider Dignity is expanding, with the purchase of 36 funeral homes from Laurel Funerals for £38m. Laurel currently operates in 83 locations across the UK. In order to avoid any potential competition concerns, Dignity is only acquiring sites that complement its own geographic spread. The transaction is expected to close in July. [...]
Death rate rise propels profits at funeral provider Dignity May 11, 2015 An unusually high death rate helped Dignity, the UK’s only listed funeral provider, make higher profits last quarter. Deaths across the UK rose to 175,000 for the three months ending March, up nearly 20 per cent compared with last year. Revenue followed trend and rose to £85.5m from £69.1m in 2014. “The year has started [...]
Funeral group Dignity’s quiet first half of 2014 keeps revenue and profit flat July 30, 2014 Funeral services group Dignity yesterday reported revenue in the six months to 27 June 2014 was the same at £133.1m with pre-tax profit down by £500,000 to £31.5m. The Sutton Coldfield-based firm, which arranged the 1965 state funeral of Winston Churchill, also reported that operating profit was up by £600,000 to £44.8m. Dignity said the [...]
Funeral outfit Dignity slowed by fewer deaths May 12, 2014 THE UK’S only listed funeral provider yesterday said a low death rate at the start of the year had caused a slowdown in trading, though revenues and profits had still risen. Dignity, which famously buried Sir Winston Churchill in 1965, said 7.5 per cent fewer people died in Britain between January and March, which meant [...]
Slowing death rate pulls back Dignity growth November 12, 2013 A FALL in the number of people dying meant a slowdown in profit growth at the UK’s only listed undertaker Dignity last quarter, results showed yesterday. The UK’s death rate fell three per cent in the three months ending September, after a shock six per cent surge in deaths for the January to June period [...]