Dignity announces £54m cash return, refinancing
17th Sep 2014 09:08
Funeral services provider Dignity has proposed an unexpected capital return of £54m, saying that it expects to save money after refinancing its debt. The company said that it has announced a proposal to holders of its securitised debt, "which if approved, is expected to result in the group materiall
Read moreFriday broker round-up UPDATE
1st Aug 2014 10:33
AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f
Read moreDignity's first half profits fall on fewer deaths
30th Jul 2014 10:06
British undertakers group Dignity reported a drop in first half profit as the number of deaths declined. Underlying pre-tax profit fell 2.4% to £32.3m and revenue slipped 0.1% to £133.1m. Underlying operating profit was flat at £45.6m. Deaths were 7% lower than in the same period in 2013, when re
Read moreFTSE 250 movers: Numis lifts WS Atkins shares
12th May 2014 14:42
WS Atkins rose strongly after it was upgraded by Numis Securities to a 'buy' rating. Russian precious metals producer Polymetal also climbed after it said that the reserves and resources audit of Svetloye has estimated that the project can produce an average of 70,000 ounces (oz) of gold every yea
Read moreQuiet start to the year for Dignity, outlook in line
12th May 2014 07:50
- Quiet start to new financial year - Drop in the number of deaths compared to year before - Overall expectations for the year are unchanged FTSE-250 funeral services group Dignity said the year has started quietly compared with the strong first quarter in 2013 after a decline in the number of deat
Read moreThursday tips round-up: Dignity, Melrose, BBA Aviation
6th Mar 2014 07:27
Since its flotation in 2004 funeral provider Dignity has seen revenues rise by 7.3 per cent per year and a steady 16 per cent rate of increase in its earnings per share. Furthermore, it has room to grow, the Government Actuary Department projects the rate of deaths in the UK to rise from 2015 onward
Read moreWednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read moreDignity benefits from increased deaths and acquisitions
5th Mar 2014 07:13
- FY revenues up 12 per cent - PBT and EPS both up 15 per cent - 2014 started quietly, as expected An increase in the death rate and the largest acquisition in its listed history helped funeral services and crematoria group Dignity deliver double-digit growth in 2013. On revenue up 12% to £256.7m,
Read moreMonday broker round-up UPDATE
11th Nov 2013 08:50
Associated British Foods: Barclays downgrades to equal-weight with a target price of 2100p. Bovis Homes Group: Deutsche Bank moves target price from 1001p to 1008p maintaining a buy recommendation. British Land: Deutsche Bank downgrades to sell with a target price of 520p. British Sky Broadcastin
Read moreDignity says outlook remains positive
11th Nov 2013 07:32
- Trading in line since third quarter - Outlook remains positive - Expectations for 2013 and 2014 are unchanged UK funeral services provider Dignity said trading since the third quarter has been in line with management expectations, adding that its outlook remains positive. The FTSE 250 firm said
Read moreMonday broker round-up UPDATE
21st Oct 2013 08:59
Andor Technology: WH Ireland ups target price from 420p to 435p, while downgrading from buy to outperform. Anglo American: Deutsche Bank reduces target price from 1830p to 1780p, while leaving its buy recommendation unchanged. BAE Systems: Citi increases target price from 360p to 460p and stays wi
Read moreOcado co-founder, Dignity CEO trim stakes in companies
2nd Aug 2013 16:00
Ocado's co-founder Jason Gissing has sold more than three million pounds worth of shares. It is the first time he has sold shares since the online grocer floated in July 2010 and follows a meteoric climb in the share price this year. The family trust that holds his shareholding for him sold 1.07
Read moreFuneral operator Dignity achieves higher half-year profit
31st Jul 2013 10:40
UK funeral services provider Dignity unveiled a 17.6 per cent increase in pre-tax profit in the first half to 32m pounds, buttressed by a 5.6 per cent rise in the number of deaths. Revenue in the 26 weeks to June 28th jumped 14.3% to £133.2m while underlying earnings per share rose 17.6% to £44m.
Read moreFuneral group Dignity reports first quarter revenue growth
13th May 2013 08:38
Funeral services company Dignity reported an 11 per cent jump in first quarter revenue as the number of deaths rose seven per cent. Revenue for the three months to end of March came to £67.8m, compared to £61.1m the previous year. Underlying operating profit climbed 8.5% to £25.4m from the prior y
Read moreMonday broker round-up UPDATE
13th May 2013 07:18
Bioquell: Investec shifts target price from 136p to 141p and keeps a hold recommendation. blinkx: Canaccord Genuity moves target price from 125p to 135p reiterating its buy recommendation. Britvic: Panmure Gordon increases target price from 380p to 460p and retains a hold recommendation. BT Group
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