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Pets At Home Group PLC - Cheshire, England-based pet supplies and veterinary services - Launches £25 million second tranche of £50 million share buyback. Commissions HSBC Bank PLC, part of HSBC Holdings PLC, to conduct the buyback tranche, which will end by March 28 next year. The overall programme was started in June. The launch of the second tranche follows the release of interim results on Tuesday. Pretax profit declined 35% to £34.7 million in the 28 weeks to October 12 from £53.4 million a year prior, as a 6.5% revenue increase was offset by higher cost of sales and administrative expenses. Pets at Home had maintained its interim dividend at 4.5 pence per share. Current stock price: 300.00 pence 12-month change: up 13% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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