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Dignity Says Strategic Review On Target Notwithstanding Impact Of Covid-19
Dignity Says More Clients Opt For Simple Compared To Full Services Funeral
Dignity Says CEO Mike Mccollum Leaves Group And Board With Immediate Effect
Dignity plc is a United Kingdom-based provider of funeral related services in the United Kingdom. The Company operates through three segments: funeral services, crematoria and pre-arranged funeral plans. The Company's funeral services relate to the provision of funerals and ancillary items, such as memorials and floral tributes. The Company's crematoria services relate to cremation services and the sale of memorials and burial plots at the Company operated crematoria and cemeteries. The Company's pre-arranged funeral plans include the sale of funerals in advance to customers wishing to make their own funeral arrangements, and the marketing and administration costs associated with the sales. The Company operates a network of approximately 720 funeral locations throughout the United Kingdom trading under established local trading names. The Company operates approximately 40 crematoria in England and Scotland. The Company's number of active funeral plans is approximately 374,000.
4 King Edwards Court
King Edwards Square
Clive Peter Whiley
Non-Executive Chairman of the Board
Mike K. McCollum
Chief Executive Officer, Executive Director
Steve L. Whittern
Finance Director, Executive Director
Corporate Services Director, Executive Director
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Britain's competition watchdog said on Thursday it was currently unable to impose price controls on the funerals sector due to the coronavirus crisis but will likely require it to make more disclosures on pricing and other financial data.
Dignity Plc <DTY.L> said on Wednesday profit in the first half of 2020 rose 11% as it conducted more funerals due to the COVID-19 pandemic, however, the average price per funeral fell as people chose simpler services during lockdowns.
UK funeral services group Dignity said on Monday families burying loved ones in the COVID-19 pandemic were opting for simpler services as it reported a rise in the overall number of deaths compared to last year and a drop in profits.
Dignity said on Monday it would not provide financial outlook for 2020 and beyond, and reported an 11% fall in first-quarter operating profit as customers opted for lower-cost funeral services amid the coronavirus pandemic.
* DIGNITY PLC - IMPACT OF COVID-19 AND ASSOCIATED GUIDANCE FROM GOVERNMENT ARE HAVING DIRECT CONSEQUENCES FOR GROUP
Dignity Plc <DTY.L> said on Wednesday it was suspending its dividend after profits nearly halved in the first half of 2019, hit by a drop in the number of funerals it conducted and a shift towards lower-cost services, sending its shares down 10%.
Dignity Plc said on Wednesday it was temporarily suspending its dividend payments after profits nearly halved in the first half of 2019, due to a drop in the number of funerals it conducted.
Britain's Dignity Plc reported a worse-than-expected fall in underlying operating profit on Monday after performing fewer funerals in the first quarter, knocking its shares.
Britain's Dignity Plc reported a worse-than-expected slump in underlying quarterly operating profit on Monday, as it provided services for fewer funerals.
Funeral services provider Dignity Plc <DTY.L> said on Tuesday that it expects its full-year profit to above market expectations, boosted by higher average prices for its services and lower-than-expected costs.
British funeral services provider Dignity Plc <DTY.L> posted a 3 percent rise in half-year revenue on Wednesday and unveiled a three-year plan to boost earnings, sending its shares up more than 10 percent.
British funeral services provider Dignity Plc on Wednesday warned of lower profit in 2019 and announced a turnaround plan to boost earnings.
Funeral operator Dignity <DTY.L> said it expected 2018 to continue to be volatile and stuck to its full-year outlook on Thursday despite rising market expectations.
* FY REVENUE OF 324 MILLION STG VERSUS 313.6 MILLION STG YEAR AGO
Shares in British funeral services company Dignity <DTY.L> lost half their value on Friday after it warned results for 2018 would be substantially below market expectations as it is forced to cut some of its prices.
Crematorium operator Dignity said it would reduce simple funeral prices by about 25 percent to draw back customer after warning on results for 2018.
* CONFIRMS THAT ITS RESULTS FOR PERIOD ENDED 29 DECEMBER 2017 WILL BE IN LINE WITH MARKET EXPECTATIONS
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.