Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCVS Group Share News (CVSG)

Share Price Information for CVS Group (CVSG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,164.00
Bid: 1,162.00
Ask: 1,168.00
Change: 6.00 (0.52%)
Spread: 6.00 (0.516%)
Open: 1,114.00
High: 1,184.00
Low: 1,114.00
Prev. Close: 1,158.00
CVSG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

CVS Group reports "considerable disruption" from cyber attack

Mon, 08th Apr 2024 08:51

(Alliance News) - CVS Group PLC on Monday said it had been the subject of a cyber attack which saw unauthorised external access to a limited number of its IT systems.

The Norfolk, England-based veterinary services provider disclosed the incident had caused "considerable operational disruption" over the past week.

CVS said it took immediate steps to isolate the issue and, to prevent wider unauthorised access, took its IT systems temporarily offline.

To date, this has been effective in preventing further external access to CVS systems, the company said.

CVS has engaged specialist third party consultants to investigate the incident and to support the response. The firm also informed the relevant authorities, including the Information Commissioner's Office, due to the risk of access to personal data.

IT services to its practices and business functions have now been securely restored, CVS stated.

However, due to the increased levels of security and monitoring, some systems are not working as efficiently as previously and this is likely to result in an ongoing operational impact, the company remarked.

Operations outside the UK remain operationally unaffected as do non-CVS hosted systems and the group's e-commerce systems.

As a result of the incident, CVS said it was accelerating plans to migrate its practice management system and related IT infrastructure to the cloud to enhance security and deliver operational efficiencies.

But this is likely to have an impact on operations for a number of weeks, CVS commented.

It is a further disruption for CVS which is facing a formal investigation into the veterinary sector after a warning pet owners may be overpaying for medicines and prescriptions.

In March, the Competition and Markets Authority said an initial review of the sector, announced in September, had highlighted "multiple concerns" in the market.

These include concerns over the lack of information available to customers, weak competition in certain areas, actions by large corporate groups to reduce choice, and fears pet owners might be overcharged, the CMA stated.

"The regulatory framework is outdated and may no longer be fit for purpose," the CMA continued.

As a result, the CMA has provisionally decided that it should launch a formal market investigation focused on its provisional findings.

A market investigation enables the CMA to investigate its concerns in full and to intervene directly in markets if it finds that competition is not working well, the regulator explained.

In response, CVS Group said it had engaged "constructively and proactively" with the CMA throughout its review.

Shares in CVS Group rose 2.3% to 966.00 pence in London on Monday morning.

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
27 Sep 2019 08:35

LONDON MARKET OPEN: Trade Optimism Sees Off Impeachment Fears

LONDON MARKET OPEN: Trade Optimism Sees Off Impeachment Fears

Read more
27 Sep 2019 07:54

CVS Group Outlook Confident As It Returns To Form In Second-Half

CVS Group Outlook Confident As It Returns To Form In Second-Half

Read more
27 Sep 2019 07:41

LONDON MARKET PRE-OPEN: Grainger, Pennon Report Strong Trading

LONDON MARKET PRE-OPEN: Grainger, Pennon Report Strong Trading

Read more
26 Sep 2019 13:52

U.S. judge overseeing opioid litigation refuses to disqualify himself

Sept 26 (Reuters) - The U.S. judge overseeing nationwide litigation concerning the opioid epidemic on Thursday rejected a request by drug distributors and pharmacies that he disqualify himself, including from a landmark trial scheduled for next m...

Read more
20 Sep 2019 16:02

UK Earnings, Trading Statements Calendar - Next 7 Days

Monday 23 September BradyHalf Year ResultsKeystone LawHalf Year Year Year Year Year Year

Read more
14 Sep 2019 21:49

Companies ask judge in U.S. opioid trial to recuse himself

WASHINGTON, Sept 14 (Reuters) - Major drug wholesalers and retailers facing a massive lawsuit for allegedly fostering the nation's opioid crisis asked the judge hearing the case to recuse himself on Saturday.The companies argued in a court filing ...

Read more
26 Jul 2019 11:03

CVS Expects To Meet Upgraded Earnings Forecast After Good Second Half

(Alliance News) - CVS Group PLC on Friday said its performance improved in the second half of financial 2019 and adjusted earnings will be in line with upgraded expectations.Shares in CVS a

Read more
19 Jul 2019 16:02

UK Earnings, Trading Statements Calendar - Next 7 Days

Monday 22 July AbcamTrading Statement Midwich GroupTrading Year Year Year 23 Year 24

Read more
28 Jun 2019 09:25

CVS Expects Annual Profit Ahead Of Forecasts On Improvements Progress

(Alliance News) - Shares in veterinary practices firm CVS Group PLC jumped Friday after reporting it expects annual profit to be ahead of market expectations following progress from a drive to in

Read more
28 Jun 2019 08:13

CVS Group raises earnings expectations after decent second half

(Sharecast News) - Integrated veterinary services provider CVS Group updated the market on its trading on Friday, reporting that it achieved like-for-like sales growth of around 5.4% during the 11 month period in the year-to-date, and approximately 4.4% in its core practices division.

Read more
18 Apr 2019 12:55

JNE Partners Now Holds 5.23% Stake In CVS Group (ALLISS)

LONDON (Alliance News) - CVS Group PLC on Thursday said that JNE Partners LLP now owns a 5.23% stake in the company.JNE's interest prior to a deal completed on Monday, if any, was not

Read more
29 Mar 2019 09:10

CVS Group gallops higher as trading beats expectations

(Sharecast News) - CVS Group's shares shot upwards on Friday after the company said that its full-year results were set to outstrip expectations following a jump in sales over the first eight months of its financial year.

Read more
29 Mar 2019 08:48

LONDON MARKET OPEN: TUI Slides After Profit Warning, AstraZeneca Falls

LONDON (Alliance News) - Stocks in London opened in the green on Friday, ahead another key day for the UK's future with the EU, with the FTSE 100 higher despite declines by and

Read more
29 Mar 2019 08:37

CVS Interim Profit Falls Sharply Despite Higher Sales On Staff Costs

LONDON (Alliance News) - Veterinary surgery group CVS Group PLC said Friday its interim profit fell sharply despite higher revenue as employment costs jumped amid reliance on locum vets, adding it

Read more
29 Mar 2019 07:41

LONDON MARKET PRE-OPEN: AstraZeneca Raises Cash For Deal With Daiichi

LONDON (Alliance News) - Stock prices in London are called for a positive start on Friday, following Asian markets higher after progress was reported in talks between the US and China. IG futures

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.