Cookie use on MRCVSonline
We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies.
If you would like to forward this story on to a friend, simply fill in the form below and click send.

Your friend's email:
Your email:
Your name:
Send Cancel

Pets at Home sees pre-tax profits fall by nearly 40 per cent
The firm said it is ‘confident’ about the year ahead and expects to see revenue growth ahead of both the retail and vet markets.
Full year performance ‘ahead of expectations’, statement says

Pets at Home has seen its statutory pre-tax profits fall by 37.7 per cent, to £49.6 million in the 12 months up to the end of March.

However, the group said its full year performance was ‘ahead of expectations’. The retail business is ‘growing strongly’ with like for like sales growth of 5.1 per cent, to £854.6 million. It also reported an 8.3 per cent rise in shares.

Last year the firm announced plans to buy out up to 55 practices from joint venture partners, of which up to 30 could close. In its latest report the group said the veterinary arm of the business is ‘performing well’ and the restructuring plans are on track to complete later this year.

By 17 May 2019, 48 buy outs had been completed, of which 19 have closed.

The firm said it is ‘confident’ about the year ahead and expects to see revenue growth ahead of both the retail and vet markets.

Become a member or log in to add this story to your CPD history

Kennel Club appoints new chief executive

News Story 1
 The Kennel Club has announced the appointment of Mark Beazley, who was previously Cats Protection's director of operations, as chief executive. Mark replaces Rosemary Smart, who stepped down from the role in April after 18 years.

Mark has held several senior strategic and executive roles, including executive director at Dogs Trust Ireland and chair of the Companion Animal Working Group at Eurogroup for Animals. He was also heavily involved in the establishment of the Eu Cat and Dog Alliance.

Mark will take up his new role in October. 

Click here for more...
News Shorts
International Cat Care appoints new head of veterinary division

International Cat Care (ICC) has announced the appointment of Nathalie Dowgray as head of the charity's veterinary division.

Nathalie, who is an RCVS advanced practitioner in feline medicine, will lead the International Society of Feline Medicine (ISFM) and a play key role in advancing knowledge and research in feline medicine.

Claire Bessant, iCatCare's chief executive said: "We're absolutely delighted to be welcoming Nathalie to the charity. She brings a depth and breadth of feline expertise and understanding which fits perfectly with the charity's work and development, and her enthusiasm for cats is infectious."