It’s hard to think of a more disastrous investor event than THG’s (THG) capital markets day (12 Oct). This was supposed to be an opportunity to reignite excitement around the company’s Ingenuity e-commerce platform but it backfired spectacularly, prompting a 35% intra-day plunge in the shares. On the face of it, Ingenuity is a relatively simple concept often compared with online ...

The FTSE 100 closed Monday’s trading session 0.4% lower at 7,203.83 points as US stocks slipped, energy prices continued to surge following weak Chinese data overnight and UK investors fretted over a potential November interest rate rise. China’s gross domestic product grew at a relatively measly 4.9% in the September quarter amid supply bottlenecks and property developer Evergrande’s ...

London’s FTSE 100 traded 0.3% lower at 7,214.80 points by midday on Monday, extending its earlier losses, as investors reacted to weak Chinese growth announced overnight. China’s gross domestic product grew at a relatively measly 4.9% in the September quarter amid supply bottlenecks and property developer Evergrande’s woes. Moreover, property construction in China continued its decline ...

The UK equity market started Monday’s trading session on a negative note, as the market digested the implications of third quarter Chinese economic growth slowing at a faster rate than had been anticipated. In the third quarter, the Chinese economy grew by 4.9% year on year, versus an anticipated 5.2%. Moreover property construction in China continued its decline and factory output recorded ...

A good deal of the excitement surrounding e-commerce play The Hut Group, aka THG (THG), is linked to its Ingenuity logistics and technology platform. This is an end-to-end solution offered to third parties in the same way Ocado’s (OCDO) online groceries platform is sold to global supermarkets. But hiding within established retailer Next (NXT) is a little-known platform business of its own ...

UK equity markets managed to push ahead on Wednesday as new figures showed economic expansion. Both the FTSE 100 and FTSE 250 finished the session in positive territory by 0.27% and 1% respectively. The latest figures from the Office of National Statistics revealed that GDP is estimated to have grown by 0.4% in August. The rebound was predominately driven by the services ...

Shares in online health and beauty products seller THG (THG)  failed to arrest Tuesday’s huge selling volumes in early trading on Wednesday in wake of yesterday’s disastrous capital markets day. The event for analysts and fund managers was designed to explain the potential of its Ingenuity e-commerce platform. But rather than bring clarity and optimism it badly flopped, sending the stock ...

Inflation, supply chain issues and soaring fuel prices have dominated UK market chatter for months but on Wednesday investors were obsessed by THG (THG). The online beauty and health products seller, also known as The Hut Group, continued to fall on after a torrid Tuesday during which it saw its share price lose more than a third of its value. A presentation to analysts and key investors ...

The FTSE 100 is poised for some significant changes in the coming 12 months such as the removal of BHP (BHP) from the index and GlaxoSmithKline (GSK) splitting into two businesses. The importance of sectors like resources, pharmaceuticals and insurance is likely to be reduced with consumer goods and banks potentially enjoying an increased weighting. Over time structural changes in the ...

E-commerce play THG (THG), also known as The Hut Group, fell 4% as it revealed a wider first half loss, currency headwinds and unveiled plans to spin off its beauty division. The company posted a pre-tax loss of £81.3 million for the six months to 30 June, compared with a loss of £49.8 million for the same period in 2020. The higher losses came despite a 41.9% surge in group revenue to ...

London’s FTSE 100 was 0.5% firmer at 7,050.56 points early on Thursday following after a rebound in the US and another dip for Asian equities overnight. A flurry of positive corporate news and decent US data overnight outweighed lingering concerns about the Chinese economy, which dragged down the miners and other companies with links to China such as luxury brand Burberry (BRBY), off 2.75% to ...

Investors seeking to add glitz, glamour and growth to their portfolios should buy shares in Revolution Beauty (REVB:AIM). This fast-growing make-up, skincare and haircare brand will capitalise on a buoyant mass beauty market once Covid-19 restrictions around the world are fully removed, the global vaccine take-up gathers pace and consumers begin to go out, socialise and glam themselves up once ...

The FTSE followed through on Tuesday's earnings-driven gains thanks to strong results from insurer Legal and General (LGEN) and record half year completions from housebuilder Taylor Wimpey (TW.), which lifted the whole sector. Asian markets bounced thanks largely to a recovery in technology stocks, including social media and gaming giant Tencent, which had been hit by intense regulatory ...

The FTSE followed the lead of Asian markets and rallied in early trading on Wednesday aided by strong results from insurer Legal and General (LGEN) and record half year completions from housebuilder Taylor Wimpey (TW), which lifted the whole sector. Asian markets bounced thanks largely to a rebound in technology stocks, including social media and gaming giant Tencent, which had been hit by ...

UK stocks represent a ‘once in a generation’ opportunity for investors, say fund managers. After years dogged by political and economic uncertainty, and soggy stock market performance, this is a welcome change of mood music. ‘UK equities are on a 30 year low versus peers, and we see this as a once in a generation opportunity to get involved in some fantastic businesses,’ said Rory ...

Cash shell Hawkwing’s (HNG) proposed takeover of Internet Fusion could create a small cap lookalike of e-commerce play THG (THG). Internet Fusion has developed a digital platform called Reactor and acquired nine specialised, web-based retail brands in areas such as surfing, horse riding and camping, which have been brought on to the platform to improve their profitability. What may ...

Sometimes investors ignore funds which have accumulated a limited amount of funds from investors, often because they are seen as not having much of a future due to a lack of scale or just because they don’t have the marketing budgets of the big asset managers. However, ignoring these smaller funds could mean neglecting some potentially interesting investment options. VICTIMS OF SUCCESS ...

The executive management team of Russian real estate firm Raven Property Group (RAV) were out in force last week after the general meeting approved their purchase of shares from Invesco Funds as part of a newly-formed joint venture company Raven Holdings Limited. The directors, who previously owned 58.4 million shares representing 9.98% of the firm’s ordinary share capital, bought up 46.7 ...

Shares in cosmetics and nutrition website owner The Hut Group or THG (THG) surged 11% to 661.5p on news of a big investment in the company by Japanese investor Softbank. The company announced late on Monday (10 May) that Japanese investor SoftBank had been granted an option to put $1.6 billion into its Ingenuity business on top of a capital raise of around $1 billion. The fundraise, at 596p ...

The problem many investors have with IPOs (initial public offerings) is that much of the big value creation has already been had as a private company. Take THG (THG), for example, a stock investors piled into in their thousands once it hit public markets. Launched in 2004 by founder Matthew Moulding, the online retail business was backed by US private equity firm KKR 10 years later, reportedly ...