‘Winners and losers’ as digital commerce feels the post-pandemic pinch: Ingenuity boss September 22, 2023 Digital commerce leaders are facing a different "exam question" as a result of higher costs and a tougher economic environment, the boss of THG Ingenuity has said.
THG: Cash flow improves at digital commerce giant September 14, 2023 THG, the Manchester-based digital commerce giant, has posted EBITDA above the top end of guidance in the first half of the year.
THG offloads loss-making divisions in bid to streamline as share price slumps July 21, 2023 THG has offloaded its OnDemand business to the division’s management team as the online retailer steams ahead with plans to streamline its operations. The brand which included entertainment retailer Zavi and gadget and toy retailer I Want One of Those – was bought by the groups management team and has also received extra funding from [...]
THG set for battle with shareholders over return of non-executive director June 11, 2023 E-commerce platform THG could face a shareholder rebellion at its upcoming annual general meeting this month over concerns surrounding the return of a non-executive director.
THG shares soar 10 per cent as investors cheer the appointment of BAT’s Farr April 24, 2023 Shares in THG soared 10 per cent after the beleaguered e-commerce platform drafted in a director of British American Tobacco to help take it private. Sue Farr, the senior independent director (SID) of BAT sits on the board of a number of FTSE 100 companies including used car dealership Lookers and real estate company Helical. [...]
THG boss Matt Moulding lashes out at media, investors and analysts in six minute video that includes quotes from Nelson Mandela April 18, 2023 THG’s chief executive Matt Moulding published a lengthy video on Instagram Tuesday night taking aim at the media, institutional investors, stockbrokers and analysts in the latest escalation of his war with the City’s financial services sector. Moulding’s video quotes extensively from the Wolf of Wall Street, whilst also seeming to compare THG’s expansion in the [...]
THG shrugs off £495m operating loss as luxury retailer mulls Apollo buyout April 18, 2023 THG has revealed an operating loss of £495.6m as the online retailer admitted having to fork out for soaring international delivery costs and a strategic review of its stock The London-listed e-commerce platform posted a 2.7 per cent jump in group revenues to £2,239.2m, compared to £2,179.9m the previous year, as the company undergoes a [...]
THG: Beleaguered firm gets buyout proposal from Apollo as share price jumps 38 per cent April 17, 2023 THG’s shares surged by more than a third after the online retail platform said on Monday that it has received a preliminary buyout proposal from private equity firm Apollo Global Management APO.N, without disclosing terms of the proposal. Apollo must announce a firm intention to make an offer by May 15 or walk away, THG said in a statement. [...]
THG shares swell after e-commerce retailer inks banking facility October 25, 2022 Shares in THG have surged after the group reported resilient sales of healthy and beauty products despite consumers tightening their belts. In third quarter results on Tuesday, the e-commerce retailer posted growth of 4.9 per cent in its beauty arm and 2.9 per cent in its nutrition division. Its share price surged by 19 per [...]
Premier Inn owner Whitbread swings to profit but warns of £60m inflation bill October 25, 2022 Premier Inn owner Whitbread is back in the black after posting a £307.4m profit before tax, in better than expected first half results. The interim results marked better fortunes for the hospitality operator, which last year posted a 19.3m loss. However, the firm said it had not seen its pub business return to pre-pandemic levels [...]