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Dignity PLC (DTY.L)

DTY.L on London Stock Exchange

510.00GBp
17 Sep 2019
Change (% chg)

-7.50 (-1.45%)
Prev Close
517.50
Open
515.00
Day's High
521.00
Day's Low
507.50
Volume
33,167
Avg. Vol
104,338
52-wk High
1,125.00
52-wk Low
455.20

Latest Key Developments (Source: Significant Developments)

Dignity says welcomes proposals to regulate UK funeral plans
Monday, 3 Jun 2019 

June 3 (Reuters) - Dignity PLC ::DIGNITY WELCOMES HM TREASURY PROPOSALS.WELCOMES HM TREASURY PROPOSALS FOR FCA REGULATION OF FUNERAL PLAN SECTOR.  Full Article

Dignity Says Q1 Deaths Fell 12 Pct, Oper. Performance Below View
Monday, 13 May 2019 

May 13 (Reuters) - Dignity PLC ::FIRST QUARTER TRADING UPDATE.OPERATING PERFORMANCE IN Q1 WAS BELOW BOARD'S EXPECTATIONS.ABSOLUTE NUMBER OF DEATHS IN QUARTER DECREASED BY APPROXIMATELY 12 PER CENT TO 159,000.QTRLY UNDERLYING REVENUE 81.1 MILLION STG VERSUS 95.1 MILLION STG.QTRLY UNDERLYING OPERATING PROFIT 21.7 MILLION STG VERSUS 37.5 MILLION STG.FUNERAL MARKET SHARE AND AVERAGE INCOME WERE IN LINE WITH BOARD'S EXPECTATIONS IN QUARTER.IF DEATHS WERE 580,000 THEN ALL OTHER MATTERS BEING EQUAL, FY UNDERLYING OPERATING PROFITS COULD BE ABOUT £3-4 MILLION LOWER THAN ANTICIPATED.NUMBER OF DEATHS IN 2019 MAY MEAN THAT SHORT-TERM FINANCIAL PERFORMANCE IS LOWER THAN CO ORIGINALLY ANTICIPATED.ESTABLISHED WORKING GROUP TO FOCUS ON QUALITY OF SERVICE PROVIDED TO MEET CUSTOMER NEEDS, CAPITAL EMPLOYED IN CREMATORIA.  Full Article

Dignity Sees Average Funeral Incomes To Be Lower In 2019 Than In 2018
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Dignity PLC ::INITIAL INDICATIONS SUGGEST 599,000 DEATHS IN YEAR, CONSISTENT WITH GROUP'S EXPECTATIONS.OPERATING PERFORMANCE IN Q4 WAS STRONGER THAN EXPECTED.GROUP EXPECTS TO REPORT UNDERLYING OPERATING PROFITS OF APPROXIMATELY £79 MILLION, WHICH IS AHEAD OF CURRENT MARKET EXPECTATIONS.SEES AVERAGE FUNERAL INCOMES TO BE LOWER IN 2019 THAN IN 2018 AND THERE ARE THEREFORE NO CHANGES TO BOARD'S EXPECTATIONS FOR 2019.  Full Article

Dignity Is Considering CMA Recommendations, Notes Key Findings
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Dignity PLC ::DIGNITY PLC - STATEMENT RE: CMA REVIEW.DIGNITY PLC - CONSIDERING RECOMMENDATIONS IN DETAIL AND NOTES KEY CMA FINDINGS.DIGNITY PLC - HAS ENGAGED CONSTRUCTIVELY WITH CMA SINCE MARKET STUDY WAS ANNOUNCED IN JUNE 2018.DIGNITY PLC - DIGNITY 'STRONGLY SUPPORTS OPPORTUNITY TO IMPROVE STANDARDS WITHIN SECTOR AND MEET EXPECTATIONS OF CONSUMERS".DIGNITY PLC SAYS "BELIEVES THERE IS NEED FOR GREATER TRANSPARENCY ON PRICING, MORE CONSUMER CHOICE AND HIGH LEVELS OF QUALITY ACROSS SECTOR".DIGNITY PLC - COMMITTED TO MAKING FUNERAL PRICES FOR ALL ITS BRANCHES ACROSS UK AVAILABLE ONLINE BY END OF Q1 2019..DIGNITY PLC - GROUP HAS ALREADY BEEN MAKING CONSIDERABLE STEPS TO PROVIDE A WIDER RANGE OF CHOICE FOR ITS CUSTOMERS.DIGNITY PLC - COMMITTED TO UNBUNDLE PRICE STRUCTURE OF FUNERAL BUSINESS TO CREATE "MORE COMPELLING PROPOSITION & GREATER FLEXIBILITY" FOR CLIENTS.DIGNITY PLC - WOULD WELCOME REGULATION WHICH SETS OUT MINIMUM STANDARDS FOR CORE ACTIVITIES SUCH AS CARE OF DECEASED, MINIMUM STANDARDS OF FACILITIES.  Full Article

Dignity Qtrly Operating Profit Down About 38.7 Pct
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Dignity PLC ::THIRD QUARTER TRADING UPDATE.CONTINUES TO PERFORM IN LINE WITH CURRENT MARKET EXPECTATIONS FOR YEAR ENDED 28 DECEMBER 2018..QTRLY REVENUE £244.2 MILLION VERSUS £243.9 MILLION.THIRD QUARTER OPERATING PROFITS OF £12.2 MILLION, COMPARED TO £19.9 MILLION IN THE SAME PERIOD IN 2017.NUMBER OF DEATHS IN THE YEAR TO DATE INCREASED THREE PER CENT TO 455,000.THIRD QUARTER, AS EXPECTED, SAW THE NUMBER OF DEATHS BROADLY FLAT YOY; CONTINUE TO ANTICIPATE 600,000 DEATHS IN 2018.PERFORMED 55,700 FUNERALS IN THE FIRST 39 WEEKS OF YEAR (2017: 52,100), REPRESENTING A MARKET SHARE OF 12.1 PER CENT (2017: 11.7%).EARLY FOCUS IN TRANSFORMATION PLAN BEEN FINALISING SMALLER NUMBER OF LARGER BRANCH NETWORKS IN ADVANCE OF TESTING OF NEW OPERATING MODEL.  Full Article

Prudential Takes 5.01 Pct Stake In Dignity
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Dignity PLC ::PRUDENTIAL PLC TAKES 5.01 PERCENT STAKE IN DIGNITY PLC - FILING.  Full Article

Dignity Says Transformation Plan For Funeral Operations In Place
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Dignity PLC ::HY REVENUE OF 174.7 MILLION POUNDS VERSUS 169.8 MILLION POUNDS AS REPORTED LAST YEAR.INTERIM DIVIDEND 8.64 PENCEPER SHARE.IN HY, NUMBER OF DEATHS 324,000 VERSUS 308,000.HY PRETAX PROFIT OF 38.5 MILLION POUNDS VERSUS 45.3 MILLION POUNDS AS REPORTED LAST YEAR.PROPOSES TO PAY AN UNCHANGED INTERIM DIVIDEND OF 8.64 PENCE PER ORDINARY SHARE ON 26 OCTOBER 2018.2019 IS LIKELY TO SEE UNDERLYING PROFITABILITY LOWER THAN 2018, BUT IN LINE WITH CURRENT MARKET EXPECTATIONS.BOARD'S EXPECTATIONS FOR 2018 REMAIN AS UPGRADED IN MAY 2018.EMBARKING ON A WIDE-RANGING TRANSFORMATION PLAN, BACKED BY A MAJOR INVESTMENT PROGRAMME.‍THREE YEAR TRANSFORMATION PLAN FOR FUNERAL OPERATIONS NOW DETERMINED​.  Full Article

UK's CMA Launches Review Into £2 Bln Funerals Market To Ensure People Are Not Getting Bad Deals
Friday, 1 Jun 2018 

June 1 (Reuters) - UK's CMA::CMA IS LAUNCHING A REVIEW INTO THE £2 BILLION FUNERALS MARKET TO ENSURE THAT PEOPLE ARE NOT GETTING A BAD DEAL.MARKET STUDY WILL EXAMINE WHETHER INFORMATION PROVIDED BY FUNERAL DIRECTORS ON PRICES AND SERVICES CLEAR ENOUGH FOR PEOPLE.IN PARALLEL TO THE CMA’S MARKET STUDY, HM TREASURY IS LAUNCHING A SEPARATE CALL FOR EVIDENCE ON REGULATION IN THE PRE-PAID FUNERALS SECTOR.CMA DOES NOT INTEND TO EXAMINE THE PRE-PAID SECTOR WITHIN ITS MARKET STUDY.THE RISING LEVEL OF CREMATION FEES WILL BE CONSIDERED AS PART OF THE REVIEW, WITH CREMATIONS NOW ESTIMATED TO ACCOUNT FOR AROUND 75% OF ALL FUNERALS.  Full Article

Dignity Says Revenue For 13 Week Ended March 95.1 Million Stg
Monday, 14 May 2018 

May 14 (Reuters) - Dignity PLC ::REVENUE FOR 13 WEEK PERIOD ENDED 30 MARCH 2018 95.1 MILLION STG VERSUS 93.3 MILLION STG.SAYS BOARD CONTINUES TO BELIEVE THAT TRADING DURING 2018 WILL BE VOLATILE.UNDERLYING OPERATING PROFIT FOR 13 WEEK ENDED 30 MARCH 37.5 MILLION STG VERSUS 37.4 MILLION STG.NUMBER OF DEATHS FOR 13 WEEK ENDED 30 MARCH 181,000 VERSUS 167,000.  Full Article

Dignity Says FY Results Will Be Ahead Of Current Market Expectations
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Dignity PLC ::EXPECTED TRADING IN 2018 TO BE VOLATILE AS RELATIONSHIP BETWEEN FUNERAL PRICE, SERVICE AND VOLUME WOULD TAKE TIME TO SETTLE DOWN.BOARD STILL BELIEVES IT IS TOO EARLY TO CONCLUDE Q1 TRADING EXPERIENCED IS INDICATIVE OF LIKELY FUNERAL PRICE / VOLUME MIX GOING FORWARD.SAYS BASED ON Q1 RESULTS BELIEVE THAT RESULTS FOR FULL YEAR WILL BE AHEAD OF CURRENT MARKET EXPECTATIONS.Q1 REVENUE WAS APPROXIMATELY £95 MILLION COMPARED TO £93 MILLION IN PRIOR YEAR.Q1 EBIT WAS APPROXIMATELY £37.5 MILLION IN LINE WITH PRIOR YEAR.RESULTS FOR FULL YEAR WILL BE AHEAD OF CURRENT MARKET EXPECTATIONS.  Full Article

UPDATE 1-Funeral firm Dignity halts dividend after profit slump

July 31 Dignity Plc 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%.