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EmailIphone Application    Posted: 2019-05-23
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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.

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New road sign to protect small wildlife

News Story 1
 Transport secretary Chris Grayling has unveiled a new road sign to help cut traffic accidents and protect small wildlife, particularly hedgehogs.

Local authorities and animal welfare groups are being asked to identify accident and wildlife hotspots where the sign - which features a hedgehog - should be located.

Government figures show that more than 600 people were injured in road accidents involving animals in 2017, and four people were killed. These figures do not include accidents involving horses. The new sign will be used to warn motorists in areas where there are large concentrations of small wild animals, including squirrels, badgers, otters and hedgehogs.  

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NOAH members re-elect Jamie Brannan as chair

Jamie Brannan, senior Vice President of Zoetis, has been re-elected as chair of NOAH for 2019/20, during this year’s AGM, held in London.

Mr Brannan joined Zoetis and the NOAH board in 2016, becoming NOAH’s vice-chair in 2018 and replacing Gaynor Hillier as chair later that year.

He commented: “I am extremely pleased to have been elected by the NOAH membership and am proud to be able to represent our industry at such a critical time for the UK animal health industry. I look forward to driving forward our new NOAH Strategy and to working with our members, old and new, in the coming year.”