If you’d invested in: Morgan Sindall and Pets at Home
Property and infrastructure firm Morgan Sindall is trading ahead of expectation, while Pets At Home shareholders are suffering.
If only
Be glad you didn't
Pets at Home (LSE: PETS) sells pet food and pet products, and offers veterinary and grooming services. It was founded in 1991 and now operates over 400 stores and veterinary practices. The firm listed on the London Stock Exchange in March 2014. The share price peaked in October 2015 and has been sliding ever since, down 37% in the last year. Veterinary services is still growing, but investors are concerned about growth prospects and margin pressures for the wider business.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
‘Sandwich generation’ carers losing £6,000 a year to support elderly relativesMiddle-aged adults are often caught between caring for children or grandchildren and their elderly parents, leaving them taking time out of the workforce and facing a huge hit to wages while they are still trying to save for retirement. We look at the true cost of caring.
-
Ground rents to be capped at £250 a year – what does it mean for you?The government has published draft legislation which would see ground rents capped at £250 per year for leaseholders. We examine what it means for homeowners and the housing market.
