Page 22 - Clive Whiley News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Funeral provider Dignity has swung to a full-year loss despite the pandemic sending Britain’s annual death toll soaring to its highest level for more than 100 years. The group said UK deaths surged 14% to 663,000 in 2020 – the highest since 1918, which witnessed the end of the First World War and the Spanish Flu pandemic. But Dignity still reported pre-tax losses of £19.6 million for the year to December 25, against profits of £44.1 million the previous year as coronavirus restrictions impacted upon its services. On an underlying basis, pre-tax profits slumped 19% to £30.7 million. Dig...

US$12.3 TRILLION out of thin air… And if you click here we’ll show you something that could be key to unlocking 5G’s full potential... The outcome was severe downwards pressure on Dignity’s selling prices. And the big problem was the firm had racked up a considerable amount of debt used to help fund its buying spree. Almost overnight, it seems, the business model had fallen apart. The torrent of strong and stable cash flow was diminishing. And the economics of the business began to look precarious. It almost goes without saying the effect on the share price was devastating.

Mothercare moves to junior stock market Mothercare has moved from The London Stock Exchange to its junior AIM market, as part of its ongoing restructuring plans. On 5 November 2019, Mothercare appointed Zelf Hussain, Toby Banfield, and David Baxendale of PWC as administrators for Mothercare UK and Mothercare Business Services (MBS), which is responsible for Mothercare UK’s back-office functions, including finance, HR, property and IT. Mothercare’s UK business was subsequently wound down in February 2020, resulting in 79 store closures and 2,500 redundancies. The group is now dominat...

Mothercare admitted to AIM following restructuring

IN BRIEF: Dignity's largest shareholder seeks to oust executive chair Thu, 11th Mar 2021 09:36 Dignity PLC - West Midlands-based funeral services provider - Largest shareholder, Phoenix UK Fund, requisitions a general meeting. Phoenix, which owns 29.9% of Dignity, wants to remove Executive Chair Clive Whiley and appoint Gary Channon as an executive director, Dignity says. Channon is the founder and chief investment officer of Phoenix Asset Management Partners, which manages Phoenix UK Fund. Dignity says it will respond to the requisition and asks shareholders to give no commitments to Phoenix...