All the updated news related to thg

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City

THG rejects ‘numerous’ takeover approaches as cost pressures increase

The boss of online retail firm THG said it has rejected several takeover proposals as it warned that soaring costs could curb its profit growth. Founder and chief executive Matt Moulding told shareholders on Thursday it “has received indicative ...

21 Apr 2022 at 10:25

City

THG hires former ITV boss as new chair to strengthen governance

Embattled online retail giant THG has hired former ITV boss Charles Allen as its chair as part of efforts to improve its corporate governance. Last year, the Manchester-based company saw more than £2 billion knocked off its stock market value ...

22 Mar 2022 at 12:55

City

THG shares fall again amid caution over 2022

Embattled online retail giant and technology group THG has cautioned over a more challenging start to 2022 amid soaring commodity prices and without last year’s boost from lockdown. The Manchester-based company, previously called The Hut ...

18 Jan 2022 at 11:25

City

THG hires former ITV boss as new chair to strengthen governance

14 Jun 2022 at 17:43

City

THG shares rise after Softbank sells stake to founder and Qatar

Shares in ecommerce firm THG lifted on Tuesday after Softbank offloaded its stake to the firm’s founder and the Qatar Investment Authority. The Manchester-based group’s stock rose by 10.2% to 50.5p in early trading as shareholders ...

18 Oct 2022 at 10:05

City

THG slashes outlook as living costs weigh on customers

Retailer THG has slashed its sales outlook for the current year as it said customers are feeling the pressure of rising living costs. The company reported a drop in profit for the first half of the year, but worried investors ...

15 Sept 2022 at 14:46

City

Online retailer THG receives takeover proposal from US buyout firm Apollo

Online retailer THG said it has received an initial takeover proposal from US buyout firm Apollo. The company, which was previously called The Hut Group, saw shares surge by over 40% as a result. Nevertheless, the firm’s ...

17 Apr 2023 at 12:14

City

THG reveals deepening losses a day after takeover approach

Online retailer THG has said that its loss increased massively last year just a day after revealing that it had been approached by a suitor with a potential takeover bid. The company – formerly known as The Hut Group – ...

18 Apr 2023 at 14:46

City

Online retail group THG in talks over deal to buy City AM

Online retail group THG is in talks over a surprise deal to buy business newspaper City AM. The London-based newspaper was put up for sale earlier this month after it was impacted significantly by the pandemic and a ...

26 Jul 2023 at 11:31

City

THG reduces headcount by 500 as losses rise and shares plunge

Retailer THG said it had reduced its headcount by another 500 people since the start of the year as it reported a jump in its losses. The Myprotein owner said that it now employed 2,500 fewer people than it did in ...

14 Sept 2023 at 11:37

City

THG to spin off tech platform Ingenuity as it seeks £75m funding boost

Online retail business THG has said it will spin off its technology platform and plans to raise £75 million in an equity raise. It came as the MyProtein and Cult Beauty owner revealed a fall in sales over the ...

10 Oct 2024 at 18:11

City

Online retailer THG warns over profits as sales slow

Online retailer THG has warned that profits will be lower than expected after a further slowdown in sales growth. Shares in the business slid on Tuesday morning after it said it is now due to report adjusted ...

17 Jan 2023 at 11:35

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