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If you'd invested in: Evraz and Dignity
Central Asian miner Evraz has seen profits shoot up, while stiff competition is burying profits at funeral director Dignity.
Evraz (LSE: EVR) mines iron ore and coal, and also produces steel for construction materials such as beams and rails, in Russia, North America, and South Africa. The firm is headquartered in London; Roman Abramovich, the Russian-Israeli billionaire and Chelsea FC owner, has a 3% stake. Evraz saw profits skyrocket to US$1.1bn in the first half of 2018, up from US$86m the previous year, thanks to its efforts to cut costs and reduce debt. Impressed investors have propelled the shares to 480p, marking a 40% increase since 1 January.
Be glad you didn't
Birmingham-based funeral directorDignity (LSE: DTY) has had a difficult year. January's funeral-sector price war forced executives to knock a quarter off its prices, a move that halved the value of the stock in a single day. It has plummeted by 62.3% so far this year. Underlying profits fell by 14% to £68.6m in the first nine months of the year, although a gain in market share provided some cheer. Prospects still look bleak, however, now that the Competition and Markets Authority is probing "exploitative" pricing in the UK funeral sector.
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Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with the latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Madeleine is a journalist in based in Tokyo. She is a former contributor for MoneyWeek, covering stock markets, art and travel, and is a former investment writer for The Financial Times. Her work has appeared in titles including The Week, Investors Chronicle and the NME.
