Shore Capital points out that Pets at Home's veterinary division is undervalued despite the retail side's weakness. The group reported a 1% rise in consumer revenue to £1.98 billion but a 30% drop in adjusted pre-tax profit to £93 million. Retail revenue fell 1% with a 58% profit decline, while the vet business grew revenue by 5% and profit by 10%. The company plans further vet practice expansions and a new pet insurance launch, expecting profit growth in the current year with adjusted pre-tax profit forecast at £98 million. Shares rose 6% on these prospects, though valuation metrics remain average for retail.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
