CVS up as strong second half set to beat expectations

Shares in veterinary services provider CVS Group (LON:CVSG) climbed 6.75% to 660.25p (as of 14:00 BST) after the company posted an update for the year ending 30th June. CVS said that like-for-like sales have grown by roughly 5.4% and it expects to post full-year revenues in line with market forecasts.

As announced in its interim results, the company has taken a number of steps to improve performance during the second half of the financial year and as a consequence of this, adjusted EBITDA will be “comfortably ahead of current consensus market expectations”.