EBITDA above pandemic peakFull year deficit reducedCEO Moulding flags revenue growth returnE-commerce company THG (THG), the owner of beauty sites Cult Beauty and Lookfantastic and the online sports nutrition brand Myprotein, reported significantly narrowed full year losses for 2023 as CEO Matthew Moulding hailed the firm?s return to revenue growth.Shares in THG ticked 2% lower to 66.6p as investo

Stocks in Europe opened in the green on Wednesday, with FTSE 100?s Tesco edging up as it announced a new share buyback programme on the back of surging annual profit.The FTSE 100 index opened up 46.08 points, 0.6%, at 7,980.87. The FTSE 250 was up 130.70 points, 0.7%, at 19,894.05, and the AIM All-Share was up 3.15 points, 0.4%, at 754.13.The Cboe UK 100 was up 0.6% at 797.85, the Cboe UK 250 was

London?s FTSE 100 opened in the green on Wednesday as UK consumer price inflation came in tamer than expected for January, giving equity market investors something to cheer about after a hotter than forecast US reading on Tuesday.The FTSE 100 index opened 37.64 points higher, 0.5%, at 7,549.92. London?s flagship index is down around 2.3% so far this year, however.The FTSE 250 was up 74.47 points,

Despite well-documented cost-of-living pressures, consumers continue to set aside cash for affordable luxuries such as cosmetics which make them feel good about their appearance and add a little glamour to their lives.In contrast to the slowing growth being reported by the large luxury goods groups, companies which sell makeup, skincare and haircare products and other beauty and wellness wares are

London?s blue-chips retreated on Tuesday ahead of key UK inflation data, which could show whether hopes for a spring interest rate cut from the Bank of England are too optimistic.Investors are also re-assessing whether the conviction that US interest rates will be cut in March is realistic, or wide of the mark. US rate cut bets have dwindled, though a cut in March is still the most likely outcome

Stock prices in London were largely on the up on Tuesday at midday, though defensive stocks such as utilities and pharmaceuticals were among the best FTSE 100's performers, indicating there is still lingering discomfort in markets amid tensions in the Middle East.Meanwhile, UK interest rate worries were eased by slowing pay growth, although the pound was on the back foot. A weaker pound is a tailw

Health and beauty platform runs up £26.2 million in one-off chargesSales fall 9.3% reflecting low-quality business exitsCompany claims sales trends 'gradually improving'Shares in THG (THG) tumbled 16% to 74p on Thursday after the digital commerce platform posted widened losses for the half ended 30 June 2023 and lowered its revenue target amid inflationary pressures and the impact of temporary de

The FTSE 100 edged higher early Thursday, as investors nervously wait for the European Central Bank's interest rate decision.The FTSE 100 index opened up 20.25 points, 0.3%, at 7,546.24. The FTSE 250 was down 17.36 points, 0.1%, at 18,544.14, and the AIM All-Share was up 3.46 points, 0.5%, at 744.21.The Cboe UK 100 was up 0.2% at 751.99 the Cboe UK 250 was down 0.1% at 16,198.03, and the Cboe Smal

The FTSE 100 finished red at the close on Wednesday, hampered by data which showed the UK economy shrank more than anticipated in July, ahead of the Bank of England's interest rate decision next week.The FTSE 100 index was down just 1.54 points at 7,536.27 on Wednesday. Meanwhile, the FTSE 250 ended up 19.20 points, or 0.1%, at 18,561.50. The AIM All-Share closed down 2.46 points, or 0.3%, at 740.

Automotive engineer Dowlais (DWL) is poised to announce its maiden results as a public company after its spin-off from industrial turnaround specialist Melrose (MRO) in April 2023.Shareholders will be hoping the first-half numbers on 12 September help provide a boost after a bumpy start to life on the market as an individual entity, the shares falling around 25% from their 143.5ppeak.Five years on

Banking shares and miners weighed on the FTSE 100 on Wednesday, in a busy day for corporate updates, including a high-profile boardroom departure, ahead of a Federal Reserve decision later.A 25 basis point rate lift from the US central bank is seen as a foregone conclusion, but stock market investors are hoping it is the last hike of the cycle.A 25 basis point lift would take the federal funds rat

Trading in London was lukewarm at Friday's market open, despite a strong UK retail sales print and Wednesday's consumer price inflation read otherwise boosting stocks across the week so far.The FTSE 100 index opened down 1.8 points at 7,644.25. The FTSE 250 was down 54.85 points, 0.3% at 19,256.88, and the AIM All-Share was up 1.03 points, 0.1%, at 765.32.The Cboe UK 100 was down 0.1% at 762.55, t

Matthew Moulding will lose unilateral hostile takeover vetoCompany set to qualify for premium listing and spot in FTSE 250Private equity buyers could return, sparking buyout battleThe founder of THG (THG) is to give up his much-publicised special share, the company announced ahead of its annual general meeting today (21 Jun).The planned move means founder and chief executive (CEO) Matt Moulding lo

Shares prices in London started Wednesday on the back foot, with the Bank of England now under greater scrutiny, after data showed the stubborn UK inflation rate was unmoved last month.Threadneedle Street was expected to hike UK interest rates by 25 basis points to 4.75% on Thursday. Though Wednesday's inflation reading may have put a 50 basis point lift on the table. The BoE last hiked by 50 basi

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European equities made an unconvincing start to the week, while stocks in New York regained poise, after starting Monday on the back foot following poor US data.London's FTSE 250 ended higher, despite share price slumps for Asos and Wood Group. The dollar struggled for traction, meanwhile.The FTSE 100 index ended up 23.08 points, or 0.3%, at 7,777.70. The FTSE 250 rose 70.38 points, or 0.4%, at 19

- Private equity firm made five offers- Withdrawal follows snub by THG last week- Investors see bid premium evaporateFor the second time in as many weeks, global private equity investor Apollo Asset Management has ended talks with a UK target, this time Scottish-based oil and gas engineering and services firm John Wood Group (WG.).Shares in Wood Group fell as much as 40% from their previous close

Stock prices in London were mostly slightly elevated on Monday morning, boosted by performance from mining stocks, despite concerns over a potential US debt default.The FTSE 100 index opened up 21.07 points, 0.3%, at 7,775.69. The FTSE 250 was up 19.44 points, 0.1%, at 19,207.81, and the AIM All-Share was down 0.55 of a point at 816.41.The Cboe UK 100 was up 0.3% at 777.50, the Cboe UK 250 was dow

Stocks in London closed largely higher on Friday and across the week, although sterling slid after the release of weak gross domestic product data in the UK.The FTSE 100 index closed up 24.04 points, or 0.3% at 7,754.62 on Friday and closed the week 0.7% higher.The FTSE 250 ended down 77.93 points, or 0.4%, at 19,188.37 - finishing the week down 0.3%.The AIM All-Share closed up 1.73 points, or 0.2

- Apollo bid considered 'inadequate'- Company maintains 2024 cash-flow target- Shares drop as much as 25% in early tradingLong-suffering shareholders in 'digital-first' consumer brands group THG (THG) saw their shares reverse all the gains of the last few weeks after the company rebuffed an approach from private equity firm Apollo.After peaking earlier this month at 117p following the announcement