CVS crashes on new warning

Shares in veterinary services group CVS tumbled 34% on a warning sales for the last year to June will be £85m, £1m below forecasts.Trading conditions have remained tough in recent months it added, though overall the group will still record modest like-for-like growth for the year as a whole adjusted for the harsh winter weather. CVS added it delivered a better than expected level of acquisition activity in the year, which is expected to generate annualised turnover in the region of £21m compared to the £12m expected at the start of the financial year. But only £6m worth of sales from the new outlets will come through this year it said. CVS Group