London afternoon: Shares knocked by US GDP
30th Jul 2010 13:59
The Footsie hit new lows in the aftermath of disappointing US gross domestic product (GDP) data for the second quarter. Inflation adjusted and seasonally adjusted gross domestic product rose at an annualised rate of 2.4% in the second quarter, a significant slow-down from the 3.7% annualised gain in
Read moreUK SMALLCAP ROUNDUP: Intl Personal Finance Issues EUR225M Bond
30th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps INTERNATIONAL PERSONAL FINANCE PLC (IPF.LN) Friday announced its inaugural public bond issue, pricing EUR225 million five-year bonds at a fixed coupon o
Read moreLondon midday: Stocks off the bottom
30th Jul 2010 12:12
Leading shares entered the lunch time trading session with a bit of momentum, with the FTSE index coming off its lowest levels of the day in the last half hour of the morning. Investors are turning to utilities after EDF sold its UK electricity grid operation to a consortium headed by Hong Kong bi
Read moreUK SMALLCAP ROUNDUP: Pantheon Resources' Well Drilling Delayed
30th Jul 2010 09:36
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps PANTHEON RESOURCES PLC (PANR.LN), an oil and gas explorer, Friday said drilling of the Kara Farms well in Tyler County, Texas, has been delayed because o
Read moreINTERVIEW: Dignity Eyes GBP80M Proceeds For Capital Return
30th Jul 2010 09:04
By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. funeral service group Dignity PLC (DTY.LN) expects to secure net proceeds of around GBP80 million from a potential bond issue, Chief Executive Mike McCollum said Friday, the majority of which would be returned to shareholders
Read moreDignity profit, revenue up
30th Jul 2010 08:20
Funeral home operator Dignity reported higher first-half revenue and profit and said it is on track to meet full-year expectations. Underlying pre-tax profit rose to £24m in the 26 weeks ended 25 June from £22.7m last time, while revenue was up 5.5% to £100.9m. The interim dividend is up 10% to 4.
Read moreDignity 1H Pretax Profit +6.6%; Positive On Full Year Outlook
30th Jul 2010 07:38
LONDON (Dow Jones)--U.K. funeral services group Dignity PLC (DTY.LN) Friday posted a 6.6% rise in first-half pretax profit, boosted by a strong performance from its pre-arranged funeral plans unit, and said its expectations for the full year continue to be positive. Dignity said there were aroun
Read moreFriday tips round-up: Old Mutual, Thomas Cook, Trinity Mirror
14th May 2010 07:00
Old Mutual's shares have bounced strongly since 2009's lows, up 87% on the year. They now also come with a dividend ? the company resumed payouts in March after skipping two in a row ? which provides a 4.1% yield. However, at 121p, or ten times 2010 earnings, the greater appeal lies in progress on
Read moreLondon close: Shares roar ahead after euro deal
10th May 2010 16:37
Markets were focused on the European debt crisis situation rather than the continuing political uncertainty here and, with European ministers having agreed a €720bn deal to prop up the euro, shares soared more than 200 points. Banks Barclays, Lloyds and Royal Bank of Scotland (RBS) all racked up do
Read moreLondon afternoon: BP misses out
10th May 2010 14:18
It's almost a clean sweep among FTSE 100 constituents for stocks on the rise, with the notable exception of BP, which continues to be dragged down by mounting expenses for its oil spill clean-up. Banks are leading the advance on the back of the €720bn deal to prop up the euro agreed by ministers at
Read moreLondon midday: Surge continues
10th May 2010 12:43
Footsie has continued its upward surge on the back of a €720bn deal to prop up the euro agreed by ministers at the weekend. The three-year plan includes €60bn (£52bn) from all EU members, €440bn (£381bn) from the 16-nation eurozone and €220bn from the IMF. Footsie has bounded forward by over 5%.
Read moreFull year expectations unchanged at Dignity
10th May 2010 07:51
Funeral home operator Dignity said underlying operating profit in the first quarter of 2010 was flat, while revenue edged higher. Revenue increased by 1.9% in the 13 week period to 26 March 2010 to £53.9m from £52.9m in the corresponding period of 2009. Operating profit, excluding profit on sale o
Read moreFTSE 250 movers: Dignity drifts lower
12th Mar 2010 13:49
Shares in Dignity have continued drifting lower after yesterday's full-year figures. The funeral services group said pre-tax profits climbed to £37.5m from £35.4m on revenues that rose to £184.7m from £175.8m, but market share slipped slightly. The company also said the first quarter of 2010 is exp
Read moreFriday tips round-up: Dignity, Clarkson, Cineworld
12th Mar 2010 06:59
Funeral group Dignity's shares have jumped by just 10% the past year, suggesting they are fairly valued, trading on a 2010 price-to-earnings ratio of 15.5 times. In the longer term, the so-called "baby boomers" are expected to start dying off in large numbers over the next few years, which will pro
Read moreLondon close: Miners pull index lower
11th Mar 2010 17:02
London bounced off 5,600 despite a weak start on Wall Street but still closed in the red on a poor day for miners. Falling commodity prices and China inflation concerns prompted profit taking in Fresnillo, Randgold, Rio Tinto, ENRC, Kazakhmys, BHP Billiton and Xstrata. Speculation rose that Chin
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