‘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 [...]
FTSE 100 Live: Pound at 2021 high as Trump shrugs at dollar woes Markets Good morning and welcome back to the City AM liveblog. Has the mining sector’s rally finally run out of steam? It appeared so on Tuesday, where City banks helped lift the FTSE 100 out of the red as miners across the board sank despite the ever-increasing price of precious metals. Fresnillo – the best performing [...]
Pets at Home: Demand for vet services soars Retail Pets at Home has reported flat year-on-year revenue, with a starkly diverging performance in retail sales and veterinary services. Underlying profit before tax in retail fell by 16.6 per cent year on year to £72.9m, while underlying profit before tax from the company’s vet arm grew by 23.3 per cent year on year to £75.9m [...]
Pets at Home shakes off current market woes but warns of struggles ahead March 31, 2025 Pets at Home announced its profit had fallen in line with expectations in its performance update, but warned of struggles ahead. Its share price fell more than 10 per cent in early trades. The group predicted profit before tax for the year at £133m, in line with previous guidance. It said trends in the final [...]
Jollyes sinks further into the red despite sales surge at Pets at Home rival March 5, 2025 Jollyes has sunk further into the red despite its sales continuing to surge as it attempts to increase its rivalry with Pets at Home. The company has posted a pre-tax loss of £13.3m for the year to 26 May, 2024, after having also made a £5.3m loss in the prior 12 months. However, newly-filed accounts [...]
Pets at Home shares surge on takeover and watchdog rumours February 26, 2025 Pets at Home shares surged more than 14 per cent this morning as evidence grows that the UK’s competition watchdog is moving toward a positive conclusion for the industry, as well as speculation that private equity firm BC Partners was preparing a bid. A series of bidcos were registered on 24 February with pug in [...]
Pets at Home: Revenue dips but veterinary arm shows double-digit growth January 28, 2025 Animal care retailer Pets at Home has reported a slight dip in profit due to lower retail revenue, although vet revenue has soared. The FTSE-listed company, which offers both pet purchases and vet care, told markets that revenue fell 0.2 per cent to £361.6m in the 12 weeks to January 2. Retail revenue fell 2.8 [...]
Jollyes: Pets at Home rival to lower 3,000 prices and open new stores January 28, 2025 Pet superstore chain Jollyes has revealed plans to lower thousands of prices and open new stores across the UK. The retailer, which is a major rival to Pets at Home, has also announced a range of new benefits for its employees in a bid to attract new talent. The news comes almost a year after [...]
Pets at Home: Shares crater after retailer predicts slow growth in ‘subdued market’ November 27, 2024 Animal care retailer Pets at Home described the market as subdued due to cautious consumers, and said it will grow more slowly than expected in the next six months – despite a big hit from the Budget. Shares fell more than 10 per cent in early trades, with the retailer’s share price now down nearly [...]
Pets at Home: Revenue ticks up amid difficult year August 1, 2024 Total revenue at animal care retailer Pets at Home rose by one per cent to £441.1m in the 16 weeks to July 18, with like-for-like revenue up by 0.5 per cent.