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Shares in Pets at Home fall

Shares in superstore Pets at Home have the steepest fall since it floated in London last year.

Shares fell by nine percent, according to the BBC, as the Pets at Home Group Plc announced its trading update for the 28 week period from 27 March to 8 October 2015.

Nick Wood, chief executive officer, commented: “Whilst trading in parts of the business has been weaker than expected, the core strategic drivers are performing well and in order to support their growth, we continue to invest in our colleagues and seamless shopping experience.

“Our full year profit outlook is broadly in line with market expectations.”

It has opened six stores plus two sites under its dogs brand Barkers during the period, as well as ten grooming salons and 15 vets’ practices.

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