Company
THG PLC
LON:THG
THG Holdings PLC is the parent of online retailer The Hut Group. Founded in 2004, it has become one of the world’s largest online retailers in beauty and nutrition, powered by THG Ingenuity, its all-in-one growth platform combining ecommerce tech, hosting, translation, and a complete fulfilment infrastructure.
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THG sees Q3 'comfortably below expectations' with analysts sceptical Q4 can close the guidance gap
Analysts at broker Liberum Capital struggle to see upside for THG with risks to guidance, the outlook for next year clouded, and the group back in debt
THG keeps targets despite growth slowing in third quarter
Sales growth slowed amid a strategy to lower prices less than competitors in order to grow market share
THG: how likely is an MBO deal after cut-price share purchase for founder?
"Don’t forget he used to be an investment banker so he’ll have a financial strategy," said one M&A specialist
THG shares jump with MBO speculation growing as Qatar buys Softbank's stake
The Qatar Investment Authority’s purchase was 92% cheaper than when it was a cornerstone investor of THG's initial public offering in September 2020
THG gets rating downgrade by Liberum Capital to 'hold' from 'buy' as analysts slash their target price
The Liberum analysts noted that THG's interim results brought another round of downgrades as sales and profitability were both below market expectations
Hardware & electrical equipment
The obvious lesson for THG and other unicorns is don't pretend to be something you're not
With the shares now trading at less than a tenth of their IPO price, it seems surprising that the founder is not putting his money where his mouth is
THG growth slows and losses widen after investment in prices
There is also upheaval on the board, with two directors leaving - one after less than a year
THG bid deadline ends with all offers deemed unacceptable
Today represents the put-up-or-shut-up deadline set last month
Nick Candy interested in THG takeover
Candy was also interested in taking over Chelsea Football Club, but did not make the final shortlist
THG cut its losses for 2021 as it promises to 'shield consumers' from macro conditions
London-listed THG experienced growth across all its divisions
THG says takeover proposals ‘unacceptable’ as it cuts profit guidance for 2022
The online retail platform reiterated its 22%-25% revenue growth forecast for 2022, but profit margins are no longer expected to improve as previously hoped
FTSE 100 ends flat as miners weigh
London's blue chips little changed as US stocks higher midday
Meggitt, AJ Bell and THG the stand-outs for Thursday
The Hut publishes its delayed results while AJ Bell should give an in sight in to retail investor thinking
THG, Ashmore and US banks line up ahead of Easter break - Thursday's agenda
THG certainly has some reputational damage to repair with the City
Archive
FTSE 100 closes lower in busy data week as investors await US earnings
“A more active week for data and news means that stocks have struggled around the globe today," commented Chris Beauchamp, chief market analyst at online trading platform IG
THG worth 700p says Liberum but few others agree
The Hut has shed 90% of its value from its high at the start of 2021
Builders and building materials
THG appoints ex-ITV chief as independent chair to help 'drive growth'
Following shareholder pressure on founder Matthew Moulding to make changes last year, Charles Allen has been appointed with a clear mandate to refresh the board and strengthen governance and diversity
THG denies Dermalogica restricting stock
The online retailer said it knows of “no notifiable reason” for Monday's share price fall of 8%
FIVE at FIVE: BP to strike oil, Pantheon soars, Helium ERT survey underway and THG buyout on the cards?
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news