£100m wiped off funeral provider’s value
Funeral provider Dignity had £100m wiped off its value after investors took fright at its warning of competition pressures.
Shares closed down 8%, at 2262p, which reduced its market value to £1.13bn.
The Sutton Coldfield-based group had told the stock market that it expected to increase costs by up to £1.0m this year - and that those costs would recur and increase in future years.
It said: "Whilst our pre-arranged and crematorium businesses are performing strongly, we continue to see increasing price competition and new co... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
