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Thursday tips round-up: Dignity, Legal & General

Thu, 05th Mar 2015 12:47

There are few things in life as certain as death, which gives funeral parlour operator Dignity exceptional visibility. So while the number of funerals dropped by 3.5% last year, the company is now set to benefit from the 23% rise in deaths registered over the first eight weeks of this year. In 2014 unfulfilled pre-arranged funeral plans grew by 25,000 to 384,000, providing a secure pipeline of future business.Furthermore, the large number of independently-owned parlours in the UK means it has space to grow, given its financial resources. The statutory pre-tax loss it saw last year was a function of the costly debt refinancing it carried out in order to return £64.4m in funds to its shareholders. So 'hold' on to your shares in the 200-year old business, says the Daily Telegrah's Questor column.Insurance and asset management group Legal &General provides investors with a reliable source of dividend income, thanks to the transparency of its business and predictable cash-flows. While the different parts of the business are moving at different speeds the company continues to be a dependable cash generator, up by 10% last year to £1.1bn.In the last five years the dividends have almost tripled, increasing by 21% for 2014 to 11.25p. The pay-out looks set to improve by another 15% this year. The current dividend yield stands at 4.2% and may increase to 4.8%. 'Buy', says The Times's Tempus.
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21 Sep 2021 09:53

Dignity interim revenue slips as it carries out fewer funerals

Dignity interim revenue slips as it carries out fewer funerals

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21 Sep 2021 08:01

Dignity H1 underlying pre-tax profits slip

(Sharecast News) - Funeral services provider Dignity said on Tuesday that underlying pre-tax profits had slipped in the six months ended 25 June despite posting broadly flat underlying revenues year-on-year.

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14 Sep 2021 16:11

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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1 Sep 2021 14:07

EXECUTIVE CHANGES: Next adds SEGRO CFO to board as non-exec director

EXECUTIVE CHANGES: Next adds SEGRO CFO to board as non-exec director

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12 Aug 2021 12:58

EXECUTIVE CHANGES: IDE CFO departs; Griffin hires former Dignity chair

EXECUTIVE CHANGES: IDE CFO departs; Griffin hires former Dignity chair

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26 Jul 2021 16:23

EXECUTIVE CHANGES: Persimmon finance boss retires; Block fights Forest

EXECUTIVE CHANGES: Persimmon finance boss retires; Block fights Forest

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26 Jul 2021 11:42

Dignity appoints John Castagno as chairman

(Sharecast News) - Funeral services provider Dignity has appointed John Castagno as its new chairman with effect from last Friday.

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21 Jul 2021 16:12

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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5 Jul 2021 13:29

UPDATE: Dignity welcomes new FCA funeral plans market regulations

UPDATE: Dignity welcomes new FCA funeral plans market regulations

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5 Jul 2021 11:25

Financial Conduct Authority to raise standards in funeral plans market

Financial Conduct Authority to raise standards in funeral plans market

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5 Jul 2021 10:25

UK watchdog confirms cold-calling ban, other rules for funeral plan providers

July 5 (Reuters) - Britain's financial watchdog on Monday confirmed rules funeral plan providers should follow from next July, including a ban on cold calling, as it aims to raise industry standards to ensure plans provide better value to custome...

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23 Jun 2021 11:31

Dignity profit slips on lower death rate as new board reveals strategy

Dignity profit slips on lower death rate as new board reveals strategy

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23 Jun 2021 10:49

UPDATE 2-Funeral company Dignity lays out new strategy ahead of new regulations

* Dignity cancels 'uneconomical' contracts with five partners* Says 21-week profit slightly lower to 30.7 mln pounds* Sets new strategy including selling through branches rather than partners (Recast, adds background)June 23 (Reuters) - British f...

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16 Jun 2021 15:58

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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16 Jun 2021 10:32

UPDATE 2-UK watchdog gives funeral operators three months to standardise prices

* CMA requires all funeral directors to list prices from Sept.* Prices must be displayed at premises and website* CMA bans referral incentive payments to hospitals, care homes (Adds detail, background)By Yadarisa ShabongJune 16 (Reuters) - Funeral...

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