AUS
NZ
UK
CA
USA
IND
Summary
- Catering giant Compass Group’s CEO Dominic Blakemore has said that the hybrid working model posed long term issues.
- UK’s largest funeral services provider, Dignity PLC, reported a jump in its underlying revenue by 14 per cent.
Pandemic has completely altered the working environment; while many companies are adapting to the new environment and the rapidly changing scenario, many businesses are facing challenges to operate and survive. World’s biggest catering company Compass Group’s (LON: CPG) CEO Dominic Blakemore has said that hybrid work posed a long-term challenge after the group reported a whopping 78.3 per cent drop in operating profits to £168 million in H2 2021 ending 30 April as a consequence of the ongoing pandemic.
Here we take a look at 2 other FTSE listed consumer service stocks:
- CVS GROUP PLC (LON:CVS)
FTSE AIM UK 50 listed company CVS Group, which is a veterinary services provider. It has raised its full year revenues, and EBITDA forecasts after the company started witnessing an increase in demand since March this year. The company added it expects the strong demand to continue till the end of the financial year in June as the national vaccination drive gains further ground.
(Source: EODHD/Others, Thomson Reuters)
CVS Group’s shares were trading at GBX 2,180.00, up by 0.23 per cent as of 12 May 12:44 hours GMT+1. The broader index FTSE AIM UK 50 Index stood at 6,579.57, up by 0.17 per cent.
The company’s market cap stood at £1.538 billion, and its year-to-date returns were at 45.70 per cent.
Also Read: Reviewing AIM Listed CVS Group Plc And LSE Main Market Listed Pennon Group Plc
- DIGNITY PLC (LON:DTY)
This FTSE All Share listed company is the UK’s largest funeral services provider. Dignity PLC recently announced its first quarter results on 10 May, reporting a jump in its underlying revenue by 14 per cent to reach £94.7 million.
The company also posted a growth of 35 per cent in its underlying profits to touch £26.1 million for the same period. The company noted that while the absolute number of deaths rose by 27 per cent due to the covid-19 crisis, its market share fell from 11.5 per cent in the previous year to 11.1 per cent this year as customers opted for simpler funerals over full service funeral plans.
(Source: EODHD/Others, Thomson Reuters)
Dignity PLC’s shares were trading at GBX 694.00, down by 0.86 per cent as of 12 May 13:06 hours GMT+1. The broader index FTSE All Share Index stood at 3,984.66, up by 0.55 per cent.
The company’s market cap stood at £350.18 million, and its year-to-date returns were at 9.09 per cent.
Also Read: Dignity Surged by 35.52% at Close of Trade
