‘Languishing share price’: CVS under pressure to turn around performance from activist investor Business One of the UK’s largest veterinary groups is facing increased pressure from an activist hedge fund to improve its performance after competition regulators concluded a probe into high prices in the sector. Canada-based Converium Capital, which holds a two per cent stake in the FTSE 250 group, threatened to rally shareholders to nominate directors to [...]
CVS halts acquisitions in the UK amid competition watchdog probe Business CVS has halted UK acquisitions and focused on Australian expansion due to a probe by the UK’s competition watchdog into the pet sector. The vet group has also delayed its full-year results until October to allow shareholders to “have more visibility” and details of the Provisional Decision of the Competition and Markets Authority (CMA), which [...]
CVS: Vet probe weighs on profit but fundamentals ‘strong’ Business Veterinary group CVS has said that a competition probe into the vet sector, plus cost of living pressures and a cyber attack, negatively affected its performance over the last year. The Competition and Markets Authority (CMA) launched a formal probe into the sector in May. CVS shares plunged 20 per cent after the announcement, and [...]
London-listed veterinary services firm CVS hit by cyber attack. Here’s everything we know so far April 8, 2024 It said after realising it was under attack CVS "took immediate steps to isolate the issue and, to prevent wider unauthorised access", taking its IT systems offline.
What a probe into the veterinary sector means for the UK’s top dogs Pets At Home and CVS March 12, 2024 Top dogs in the UK veterinary sector were placed under pressure today after the competitions authority said it would launch an investigation into concerns pet owners are not getting value for money.
CVS revenue shoots up 11.4 per cent following international expansion February 29, 2024 Veterinary services group CVS saw revenues shoot up 11.4 per cent over the last six months, as the group made its first international acquisitions.