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TRADING UPDATES: Pets At Home lowers outlook; Asos names chair

31st Jul 2025 16:23

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Pets At Home Group PLC - Cheshire, England-based pet care firm - Says consumer revenue rises 0.4% to GBP591 million in the 16 weeks to July 17, supported by a 7.1% increase in its veterinary business, driven by higher transaction values and more care plan subscriptions. However, total statutory revenue falls 1.9% to GBP435 million, as retail revenue declines 3.0% in a "subdued" market. Lowers forecast for underlying pretax profit to between GBP110 million and GBP120 million, down from earlier guidance based on 2% market growth. Now expects the market to grow by around 1%. Keeps other guidance unchanged and says the veterinary business remains on track to deliver further progress.

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Chrysalis Investments Ltd - Guernsey-based investment firm - Says net asset value per share rises 14% to 173.57 pence as at June 30. Attributes growth mainly to a material uplift in the valuation of Starling Bank, which now includes a value for its "Engine" banking-as-a-service unit. Notes a double-digit valuation increase in Klarna, driven by improved peer multiples and a shift in valuation basis. Receives GBP49.8 million in proceeds from the sale of InfoSum to WPP PLC and spends GBP18.3 million buying back 19 million shares during the quarter. As of June 30, gross cash and equivalents total around GBP143 million. Plans to launch a shareholder consultation in September.

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Asos PLC - London-based online-only fashion retailer - Appoints Natasja Laheij as chair, effective from the financial year 2025 results. Laheij joined the board in April 2023 and currently chairs the audit committee. William Barker becomes deputy chair with immediate effect. He is founder and chief executive of Camelot Capital Partners LLC and joined the board in September 2023. The outgoing chair, Jorgen Lindemann, will step down after a handover period, having served as chair since August 2022. Asos says the new deputy chair role is designed to support the chair and management on strategy, culture and operations.

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Grainger PLC - Newcastle Upon Tyne, England-based residential landlord - Appoints Simon Fraser as non-executive director and chair designate, effective October 1. He will succeed Mark Clare, who will step down at the February 2026 annual general meeting after nine years as chair. Fraser brings experience from Segro PLC, Derwent London PLC and St James's Place PLC, and previously held roles at Legal & General Investment Management and Lancashire Holdings. He will join Grainger's board committees and stand for election at the 2026 AGM. If elected, he will become chair of the board and nominations committee.

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Lion Finance Group PLC - Tbilisi-based lender - Confirms participation in sale process for HSBC Malta PLC, following press speculation. Says it is in discussions regarding the potential acquisition of HSBC Continental Europe's stake in the unit. Notes there is no certainty that a deal will be reached.

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By Eva Castanedo, Alliance News reporter

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.


Related Shares:

Pets at homeChrysalis InvesWPPGrainger plcSegroDerwent LondonSt James's PlaceBank Of Georgia GroupASOS
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