We start with FTSE 250 retailer Pets at Home (PETS), whose veterinary arm is now making more than the retail business. Mark Robinson unpacks why this may be, the outlook for the year ahead and the valuation case.Our cover feature on 25 years of volatility is next. Julian Hofmann shares a quick recap of the more serious issues investors have dealt with over this period, the lessons learnt and more. Last up, BT (BT). The business's revenue declined year-on-year, but both Ebitda and normalised free cash flow were on the rise. Dan Jones and Mark Robinson unpack what’s been going on at the company. Timestamps1:25 Pets at Home14:31 25 years of volatility23:14 BTMore on these topics Pets at Home boosted by higher-margin vet servicesInvesting lessons from the past 25 yearsBT’s rationalisation boosts cash flows Hosted on Acast. See acast.com/privacy for more information.

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