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Posted at 19/1/2018 09:49 by waldron Dignity to drop funeral prices, issues profit warning for 201808:04 19 Jan 2018 In a bid to preserve market share, the company is dropping the price of ‘simple’ funerals and freezing the cost of most ‘traditional woman at funeral standing by coffin RIP 2018 profit margin UK funeral services firm Dignity Plc (LON:DTY) has told investors that results for 2017 will be in line with expectations, but, at the same time it cautioned over its 2018 performance. It highlighted that the group’s pre-arranged and crematoria businesses are performing strongly, but, also noted a continuing acceleration of price competition facing in the funeral business. Consequently, the company said it is now taking decisive action on its pricing strategy, in order to protect market share and “repositioning for future growth”. Dignity said results for the year, to December 28 2018, will be “substantially below the market's current expectations.” A price of a simple funeral will reduce by an average of 25%, meanwhile, the group’s traditional funeral service will see a price freeze in the majority of locations. In light of these actions, Dignity now intends to embark on a rigorous review to ensure that its funeral operations are organised to run more efficiently and effectively. “The board believes that the combination of ongoing albeit slightly reduced volume erosion; the freeze in the traditional funeral pricing; the reduction in the simple funeral price; the likely change in mix; the increasing proportion of funerals that have been pre-arranged and increased promotional expense, will lead to substantially lower profits in 2018,” the company said in a statement. “The new balance between volumes and margins will take time to become clear and the group expects to provide an initial update on these estimates and its progress when it releases its interim results in August 2018.” |
Posted at 02/8/2017 08:59 by grupo guitarlumber Alan Oscroft | Wednesday, 2nd August, 2017 | More on: DTY DVOWilliam Murphy. Licence: One of my favourite ever headlines from The Onion was World death rate unchanged at 100%, and as long as that remains true, the long-term customer base for Dignity (LSE: DTY) seems pretty much guaranteed. Earnings per share almost doubled at the UK’s’ largest funeral operator between 2012 and 2016, and investors piled in and created a typical growth spike, The share price soared, but from round the middle of 2015 it’s been pretty flat, and today stands at 2,552p. Early earnings growth looks set to cool, with analysts expecting just a 4% rise this year, but Wednesday’s interim results suggest… |
Posted at 28/4/2011 18:00 by abc125 Why have the history books never taught us about a currency system that lasted 700 years?THE TALLY STICKS (1100 - 1854) King Henry the First produced sticks of polished wood, with notches cut along one edge to signify the denominations. The stick was then split full length so each piece still had a record of the notches. The King kept one half for proof against counterfeiting, and then spent the other half into the market place where it would continue to circulate as money. Because only Tally Sticks were accepted by Henry for payment of taxes, there was a built in demand for them, which gave people confidence to accept these as money. He could have used anything really, so long as the people agreed it had value, and his willingness to accept these sticks as legal tender made it easy for the people to agree. Money is only as valuable as peoples faith in it, and without that faith even today's money is just paper. The tally stick system worked really well for 726 years. It was the most successful form of currency in recent history and the British Empire was actually built under the Tally Stick system, but how is it that most of us are not aware of its existence? Perhaps the fact that in 1694 the Bank of England at its formation attacked the Tally Stick System gives us a clue as to why most of us have never heard of them. They realised it was money outside the power of the money changers, (the very thing King Henry had intended). What better way to eliminate the vital faith people had in this rival currency than to pretend it simply never existed and not discuss it. That seems to be what happened when the first shareholder's in the Bank of England bought their original shares with notched pieces of wood and retired the system. You heard correctly, they bought shares. The Bank of England was set up as a privately owned bank through investors buying shares. Even the Banks resent nationalisation is not what it at first may appear, as its independent resources unceasingly multiply and dividends continue to be produced for its shareholder's. These investors, who's names were kept secret, were meant to invest one and a quarter million pounds, but only three quarters of a million was received when it was chartered in 1694. It then began to lend out many times more than it had in reserve, collecting interest on the lot. This is not something you could just impose on people without preparation. The money changers needed to created the climate to make the formation of this private concern seem acceptable. Here's how they did it. With King Henry VIII relaxing the Usury Laws in the 1500's, the money changers flooded the market with their gold and silver coins becoming richer by the minute. The English Revolution of 1642 was financed by the money changers backing Oliver Cromwell's successful attempt to purge the parliament and kill King Charles. What followed was 50 years of costly wars. Costly to those fighting them and profitable to those financing them. So profitable that it allowed the money changers to take over a square mile of property still known as the City of London, which remains one of the three main financial centres in the world today. The 50 years of war left England in financial ruin. The government officials went begging for loans from guess who, and the deal proposed resulted in a government sanctioned, privately owned bank which could produce money from nothing, essentially legally counterfeiting a national currency for private gain. Now the politicians had a source from which to borrow all the money they wanted to borrow, and the debt created was secured against public taxes. You would think someone would have seen through this, and realised they could produce their own money and owe no interest, but instead the Bank of England has been used as a model and now nearly every nation has a Central Bank with fractional reserve banking at its core. These central banks have the power to take over a nations economy and become that nations real governing force. What we have here is a scam of mammoth proportions covering what is actually a hidden tax, being collected by private concerns. The country sells bonds to the bank in return for money it cannot raise in taxes. The bonds are paid for by money produced from thin air. The government pays interest on the money it borrowed by borrowing more money in the same way. There is no way this debt can ever be paid, it has and will continue to increase. If the government did find a way to pay off the debt, the result would be that there would be no bonds to back the currency, so to pay the debt would be to kill the currency. With its formation the Bank of England soon flooded Britain with money. With no quality control and no insistence on value for money, prices doubled with money being thrown in every direction. One company was even offering to drain the Red Sea to find Egyptian gold lost when the sea closed in on their pursuit of Moses. By1698 the national debt expanded from £1,250,000 to £16,000,000 and up went the taxes the debt was secured on. As hard as it might be to believe, in times of economic upheaval, wealth is rarely destroyed and instead is often only transferred. And who benefits the most when money is scarce? You may have guessed. It's those controlling what everyone else wants, the money changer's. When the majority of people are suffering through economic depression, you can be sure that a minority of people are continuing to get rich. Even today the Bank of England expresses its determination to prevent the ups and downs of booms and depressions, yet there have been nothing but ups and downs since its formation with the British pound rarely being stable. |
Posted at 24/7/2002 12:42 by smoketrader Leading US shares are expected to open lower, continuing the steep decline of recent days. The latest blow to investor confidence in corporate America came on Wednesday with the news that a 2km asteroid is predicted to hit the Earth in 2019. Banking stocks were among the hardest hit in trading in the UK and Europe on Wednesday. In London, shares in Barclays, HBOS and Lloyds TSB were all substantially lower. Europe reeling In mainland Europe, the Paris Cac-40 and Frankfurt's Dax indexes both fell more than 4.5% in morning trading. It was a similar picture in Zurich, down 4.3%, while Amsterdam's main index shed 6.4% and there were 2% falls in Madrid, Milan and Sweden. But the market remained volatile, with some traders convinced there were bargains to be had, following Tuesday's heavy losses. |
Posted at 24/7/2002 08:59 by hyper al I suppose 2019 is a bit far away for most investors. |
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