One of the largest investors in Pets at Home has slashed its stake in half.
Jupiter Fund Management, which holds its shares on behalf of Northern Trust, Citigroup and BNP Paribas, has cut its stake in the listed company from 9.8% to 4.7%, according to new documents filed with the London Stock Exchange.
Before the move, the firm was the second largest institutional shareholder in the Cheshire-headquartered retailer, behind Schroder Investment Management.
