Shares in The Hut Group, or THG (THG) as it is officially called, ticked up 10.6% to 737.3p on Monday after the recently-listed beauty website owner upgraded annual revenue guidance in its maiden trading update. Having seen revenue growth accelerate in the third quarter, THG flagged ‘continued momentum’ in the important fourth quarter to date. This has given management the confidence to ...

UK stocks opened lower on Monday as investors reacted to the continuing and concerning climb in Covid-19 cases across the UK, Europe and the US, not to mention confirmation of 137 local cases in China. Adding to the doom and gloom were fading hopes of a stimulus package being agreed ahead of the fast-approaching US election. At 8.20, the blue chip benchmark was 0.26% lower at 5,845.15, while ...

HOTEL CHOCOLAT (HOTC:AIM)  345p Loss to date: 18.5% Original entry point: Buy at 423.5p, 19 December 2019 Despite a rebound since March, shares in Hotel Chocolat (HOTC:AIM) are still 18.5% below our original entry price. A strong brand with global aspirations and huge online potential, Hotel Chocolat has ample liquidity to navigate through the remainder of the crisis and ...

Despite Wall Street heading higher on stimulus package hopes on Wednesday afternoon, helping European markets to regain their footing, the FTSE 100 finished 0.53% lower at 5,866.10. Weighing on sentiment was the latest data from the Office for National Statistics (ONS), which revealed UK GDP dropped 19.8% in the second quarter of this year, better than the first estimate of 20.4%. Despite the ...

UK shares were volatile on Wednesday, moving significantly higher initially before falling back into the red after the release of better than expected, but still bad, second quarter gross domestic product (GDP) figures. Before trading began, the blue-chip FTSE 100 index was expected to fall as investors struggled to digest last night’s messy US presidential debate between Donald Trump and Joe ...

UK shares have been volatile in early trading on Wednesday, moving significantly higher initially before falling back into the red after the release of better than expected, but still bad, second quarter gross domestic product (GDP) figures. Before trading began, the blue-chip FTSE 100 index was expected to fall as investors struggled to digest last night’s messy US presidential debate ...

Initial public offerings (IPOs) of note have been a relative rarity in the UK this year but The Hut Group, or THG (THG) as it is officially called, brought some glitz to London’s new issues market earlier this month. City brokers have been all over the float, the UK’s biggest by money raised since Worldpay in 2015, and investors have piled in in their droves. The company, which was launched ...

UK stocks erased their early gains to end lower on Wednesday as investors awaited an update from the US Federal Reserve due after the market close regarding the outlook for the US economy. At 4.35pm the benchmark FTSE 100 index was down 7 points at 6,078, led lower by supermarket groups Sainsbury (SBRY) and Tesco (TSCO) and engineers Melrose (MRO) and Roll-Royce (RR.). The FTSE 250 mid-cap ...

E-commerce company The Hut (THG) surged 27% higher to 635p on its London Stock Exchange (LSE) debut on Wednesday, having priced one of the largest UK IPO’s since 2015 at 500p-a-share, valuing the company at £5.4 billion on its Main Market arrival. Manchester-based The Hut’s positive start to public company life reflects strong appetite for the growth story from fund managers, although it ...

UK stocks tracked sideways in early trading on Wednesday as investors awaited an update from the Federal Reserve about the outlook for the US economy. At 8.39, the FTSE 100 was ever so slightly lower, off 0.15% at 6,096.30 points. E-commerce company The Hut (THG), the Manchester-based owner of the Lookfantastic website, surged 27% higher to 635p, having priced its IPO at 500p, as conditional ...

The unexpected resignation of chief executive Chris Finlayson and downbeat guidance on production is putting mini oil major BG (BG.) under pressure, sending the shares down 3.8% to £11.01. Constraints on exports of liquefied natural gas (LNG) from Egypt mean output will be at the lower end of the guided 590,000 to 630,000 barrels of oil equivalent per day range – BG is due to give a full ...

Real estate’s time has come once again. The industry was one of the hardest hit when banks withdrew their support following 2007’s financial crisis and many companies only survived the double-dip recession that followed through assets sales and by the support of their shareholders. The industry is making headlines again, but this time for the right reasons. Growth in the property market has ...

Outsourcing group Serco (SRP) has agreed to repay £68.5 million following a government investigation into the electronic tagging contract scandal. Its shares are down 2.7% to 436.65p, marginally more than the drop earlier today when Serco said one-off costs related to the government review have risen from £27 million to £36 million.   The UK’s second largest drug company ...

Mike Ashley's Sports Direct International (SPD) slips 34p to 737p as strong half-time results to the end of October fail to trigger hoped-for forecast upgrades. Interim numbers from the highly-rated retailer reveal continuing healthy growth with group sales up 23.5% to almost £1.35 billion and online sales skipping 43% higher to £158 million. However the market appears disappointed with a ...

Real estate developer Terrace Hill (THG:AIM) look set to re-introduce its dividend in the next fiscal year after a five-year absence. The company’s debt/equity, or gearing, ratio was slashed to just 16.8% by the sale of almost 1,000 residential properties for £70.8 million. The disposal was one part of a major restructuring programme which has helped put Terrace Hill on a much stronger ...