- Shares fall 22% after suitors walk away - Company defiant that bids undervalued the business - Analyst forecasts cash burn out to 2026 Despite bouncing 10% today to 82p shares in online retailer and logistics provider THG (THG) are still down 22% after bidding interest evaporated on 16 June. That was when the two potential buyers of the company - a consortium led by Belerion Capital and ...

Online retailer and logistics provider THG (THG) presents investors with a major conundrum at the moment. The shares currently trade at 114p compared with their post-IPO highs of 800p, while valuations vary from 110p to 700p depending on which analyst’s research you read. Most brokers have a ‘buy’ or ‘hold’ recommendation, yet over the last six months they have all slashed their ...

UK stocks opened stronger on Monday and were continuing to hover just under multi-year highs touched in January, as investors looked past fears over hot inflation to focus on global recovery hopes. By 8:42 am, the FTSE 100 index was up 0.1% at 7,524.03 points, while the FTSE 250 traded 0.2% higher at 21,753.76. Miners were in demand, as an ongoing inflationary environment should be positive ...

Online cosmetics and health products seller THG (THG) continued to suffer large share price declines, with investors giving the thumbs down to its latest trading update (18 Jan). At face value, revenue growth of 38% for 2021 looked impressive. However, markets are forward-looking and guidance for growth to slow to between 22% and 25% in 2022 didn’t go down well. The company also said margins ...

Shares in consumer brand platform THG (THG) revisited their December lows, falling 10.5% to 166p, after the firm revealed its adjusted core earnings margin for last year would miss forecasts. After a poorly-received investor day last October, the shares have lost more than 60% following disappointing third and fourth quarter updates. MORE DISAPPOINTMENT Despite posting a strong advance in ...

Major UK shares are under heavy selling pressure in early trading on Tuesday as traders dial down recent optimism, with shares of consumer firms and precious metals’ miners leading the decline, while improving employment conditions in the UK and rising US Treasury yields signalled growing bets of tighter monetary policies. At 9.20am, the benchmark FTSE 100 is down 0.8% at 7,549.57 after the ...

BlackRock is looking to sell nearly half its stake in online beauty and health products seller THG (THG), according to reports that emerged on Tuesday. One of the world’s largest fund management groups, BlackRock is the company’s biggest shareholder after founder Matthew Moulding’s 22.2% holding, according to MarketScreener data, with a 9.54% stake and is believed to be trying to place 55 ...

London’s FTSE 100 gained 0.6% to trade at 7,267.11 at midday, a new post-pandemic high as investors reacted to a record close on Wall Street overnight and strong corporate results. Equity markets have adopted a more optimistic tone with the Dow Jones Industrial and S&P 500 closing at record highs on Monday. The NASDAQ composite index also performed strongly driven by gains in PayPal ...

UK equity markets rose for a third consecutive session on Tuesday with the FTSE 100 was 0.39% higher at 7251.1, and the FTSE 250 up by 0.38% to 23,029.07. Equity markets have adopted a more optimistic tone with the Dow Jones Industrial and S&P 500 closing at record highs on Monday. The NASDAQ composite index also performed strongly driven by gains in Pay Pal and Tesla. NASDAQ is within ...

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 ...