Pets at Home shares rally as James Bailey signals turnaround progress

James Bailey

Investors signalled their confidence in new Pets at Home boss James Bailey this week as the former Waitrose boss presided over his first set of results for the troubled retail and veterinary chain

Shares were up as much as 8% on Wednesday and closed the day almost 7% higher at 198p despite a chunky 28% drop in pre-tax profits to £86.5m in the year to 26 March.

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