The company attributed its troubled performance to the lower number of deaths and lower average revenues per funeral, following a move to more competitive pricing in September 2021
“The combined effect of the drop in the death rate following the pandemic during a time of strategic change for the group is what we were protecting against when we sought and agreed the deal with our bondholders,” he said.Peel Hunt said: “It is too early to tell whether this is sustainable, as share in the short term can be distorted and competitors may well respond to Dignity’s more aggressive price position.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lifting zero-Covid policies in China could risk 1.6m deaths, says studyAuthorities might let people isolate at home instead of quarantine centres but anger continues in Shanghai about heavy-handed tactics
Read more »
UK faces ‘record’ heatwaves this summer – and it’s not a cause for celebration‘We don’t represent Covid deaths using pictures of people in lockdown enjoying a beer in the garden’
Read more »
Covid vaccines are ‘safe for pregnant women and cut stillbirth risk’, study saysUnvaccinated pregnant women who catch Covid-19 are more likely to fall seriously ill
Read more »
Tesla halts most production in Shanghai over supply problemsElectric car plant has also been affected by intensifying Covid lockdowns in China
Read more »
Nine Omicron symptoms affecting fully vaccinated — and two signs you may have itOmicron Covid variant symptoms
Read more »