THG completes debt refinancing to December 2029, decreases leverage
4th Apr 2025 10:24
(Alliance News) - THG PLC on Friday said it has completed its debt refinancing to 2029 and has decreased its net total leverage to 2.2x from 3.2x. Read More
(Alliance News) - THG PLC on Friday said it has completed its debt refinancing to 2029 and has decreased its net total leverage to 2.2x from 3.2x. Read More
THG PLC - Manchester-based e-commerce retailer of consumer beauty and nutrition products - Frasers Group PLC ups stake in THG to 10.9%, as of Friday, from 6.1%. Frasers now holds 151.9 million shares in the company, THG says in a stock exchange announcement on Monday, providing no other details. At the current market price, the stake is worth GBP49.1 million. Back in June, Shirebrook, England-based retailer Frasers and THG signed a cooperation agreement that included the launch of THG's Myprotein products in Frasers' Sports Direct stores. In October, Frasers invested GBP10 million in THG by taking part in an equity raise conducted to support the spin-off of THG's Ingenuity technology business. Frasers took a 4.8% stake in January this year, which was increased to 6.1% early in March. Last Thursday, THG confirmed the structure of its GBP90 million fundraise, consisting of a GBP22 million share placing and a GBP68 million convertible loan, with Founder & Chief Executive Officer Matthew Moulding contributing two-thirds of the total. Read More
(Alliance News) - THG PLC on Thursday confirmed the structure of its GBP90 million fundraise, consisting of a GBP22 million share placing and a GBP68 million convertible loan, with Founder & Chief Executive Officer Matthew Moulding contributing two-thirds of the total. Read More
(Alliance News) - The FTSE 100 closed higher on Tuesday, taking heart from renewed strength on Wall Street, and gains in Shell after a well received strategy update. Read More
THG PLC - Manchester, England-based online retailer of beauty and nutrition products - Raises GBP90 million in a share and convertible loan issue, including GBP60 million from Founder & Chief Executive Officer Matthew Moulding. THG says the fresh funds will be used to pay off one term loan and pay down another. THG will issue 91.9 million new shares, 7.0% of its existing total, at 32.3 pence each to raise GBP29.7 million from the share placing, which was first announced after the London market close on Monday. The placing is run by Barclays PLC as global coordinator, bookrunner and joint corporate broker. In addition, Moulding will invest GBP5.4 million in shares and GBP54.6 million via a convertible loan. Mouldings share investment will be via the paying up of 17.4 million partly paid F and G shares and their conversion into ordinary shares. THG has a market capitalisation of about GBP470 million and recently was promoted to the FTSE 250 index, joining on Monday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - THG PLC on Monday announced a refinancing and fund raising which it said would position it to deliver on the next phase of development following the demerger of Ingenuity. Read More
(Alliance News) - British Land Co has been relegated from the FTSE 100 index in its latest quarterly shuffle, to be replaced by Coca-Cola Europacific Partners PLC. Read More
(Alliance News) - London stocks were set to open higher on Wednesday morning, with UK Prime Minister Keir Starmer flying to the US for talks with Donald Trump. Read More
(Alliance News) - Coca-Cola Europacific Partners PLC and THG PLC are set to join the FTSE 100 and FTSE 250, after both changed listing arrangements, while John Wood Group PLC's share price slump means an exit from the mid-cap index is likely. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
THG PLC - Manchester-based e-commerce retailer of consumer beauty and nutrition products - Frasers Group PLC holds 63.1 million THG shares, a 4.8% stake, as of Friday last week, THG says in a stock exchange announcement on Tuesday, providing no other details. At the current market price, the stake is worth GBP26.6 million. Back in June, Shirebrook, England-based retailer Frasers and THG signed a cooperation agreement that included the launch of THG's Myprotein products in Frasers' Sports Direct stores. In October, Frasers invested GBP10 million in THG by taking part in an equity raise conducted to support the spin-off of THG's Ingenuity technology business. On Thursday last week, THG provided a positive trading update, having completed the demerger of Ingenuity at the start of the month. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - Stocks were called to open higher in London on Friday morning, although UK consumer confidence has reportedly suffered a steep fall in recent weeks. Read More
(Alliance News) - THG PLC on Thursday said results were in line with its expectations last year, as it completed the spin-off of its technology arm and positioned itself for inclusion in the FTSE 250 index. Read More
(Alliance News) - Stock prices in London were mostly higher at midday on Monday, with investors mostly awaiting US inflation data in the afternoon. Read More
THG PLC - Manchester-based e-commerce retailer of consumer beauty and nutrition products - Says it has received approval from the UK Financial Conduct Authority for the transfer of its shares to the equity shares (commercial companies) category of the Official List, from the equity shares (transition) category. The move came into effect on Monday, making the group eligible for inclusion on the FTSE UK index. Read More
(Correcting Gresham House Energy Storage Fund PLC entry to include news from Monday.) Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More