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Thg (THG) Share News

IN BRIEF: THG set to enter FTSE 250 index as changes listing category

28th Nov 2024 12:12

THG PLC - Manchester-based e-commerce retailer of consumer beauty and nutrition products - Will change its London listing category to 'commercial companies' from 'transition' to clear the way for inclusion in FTSE UK indices. The change in listing status will be effective from January 6. This will allow THG to be part of the March quarterly index review by index provider FTSE Russell. It will miss the December review, which will take place next week. At that review, Deliveroo PLC and Oxford Nanopore Technologies PLC, who made the same change to their listing category, are expected to join the FTSE 250 index of mid-cap stocks. With a market capitalisation of GBP715.4 million, THG would be almost certain to do the same come March. Read More

LONDON BROKER RATINGS: JPMorgan double upgrades Tesco and Sainsbury's

28th Nov 2024 09:48

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More

IN BRIEF: THG chair and other board members buy GBP400,000 in shares

31st Oct 2024 14:49

THG PLC - Manchester-based e-commerce retailer of consumer beauty and nutrition products - Non-Executive Chair Charles Allen and other directors buy 857,073 shares in total at GBP0.46 to GBP0.48, worth about GBP400,000, on Wednesday. THG earlier this month raised just over GBP95 million in a share issue at 49 pence to fund a plan to demerge its Ingenuity division. Of that GBP10 million was contributed by Founder & Chief Executive Officer Matthew Moulding. Read More

Kelso-backed acquisition vehicle Selkirk to float on AIM this month

17th Oct 2024 12:01

(Alliance News) - Acquisition vehicle Selkirk Group PLC on Thursday said it plans to start trading on the London's AIM market later this month. Read More

IN BRIEF: Matt Moulding invests GBP10 million as THG completes raise

16th Oct 2024 11:30

THG PLC - Manchester-based e-commerce retailer - Founder & Chief Executive Officer Matthew Moulding takes part in THG's equity raise, as announced last week. Moulding buys 20.4 million shares via FIC Shareco Ltd at 49 pence, worth GBP10.0 million on Tuesday. Moulding now has 341.3 million shares, of which 219.2 million are ordinary voting shares - 14.4% of the expanded total - and 122.2 million are unlisted ordinary shares. THG on Friday said it raised GBP95.4 million in total from the sale of 194.7 million new shares, 14.6% of the total prior to the raise, at 49p. THG raised GBP75 million from a share placement run by Barclays, Jefferies and Peel Hunt. To that was added the GBP10 million investment by Moulding and GBP10 million from acquisitive fellow retailer Frasers Group PLC. The "strategic investment" by Frasers followed a partnership between THG and Frasers that was announced back in June. The equity raise will be used to finance the demerger of THG's Ingenuity division, which operates its e-commerce platform, so as to make THG a pure-play retailer of consumer beauty and nutrition products. THG Chief Financial Officer Damian Sanders also takes part in the equity raise, buying 153,061 shares. Read More

CORRECT: Stocks green as UK CPI falls below 2% target

16th Oct 2024 08:23

(Clarifies that Rio Tinto's acquisition of Arcadium occurred last week Wednesday.) Read More

LONDON BRIEFING: Stocks green as UK CPI falls below 2% target

16th Oct 2024 08:05

(Alliance News) - Stocks were higher in London on Wednesday morning, as data showed that UK consumer price inflation fell in September to its lowest rate in more than three years, while producer prices decreased. Read More

LONDON BROKER RATINGS: Jefferies raises NatWest to 'buy'

15th Oct 2024 09:36

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More

LONDON MARKET MIDDAY: Stocks drift lower despite economic growth tonic

11th Oct 2024 12:12

(Alliance News) - London's FTSE 100 was down heading into Friday afternoon, with Sainsbury's struggling, as US banking results kick off the third quarter earnings season. Read More

TOP NEWS: THG raises GBP95 million to facilitate Ingenuity demerger

11th Oct 2024 10:55

(Alliance News) - THG PLC on Friday said it has raised just over GBP95 million after completing the placing announced on Thursday, which will be used to fund the Frasers Group-backed plan to demerge its Ingenuity division. Read More

LONDON BRIEFING: BP says net debt has risen amid tepid refining margin

11th Oct 2024 07:55

(Alliance News) - Equities in London are called to open slightly higher on Friday, shaking off a decline in New York where stocks fell after a stronger-than-expected inflation reading. Read More

TOP NEWS: THG asks investors for GBP75 million for Ingenuity spin-off

10th Oct 2024 21:32

(Alliance News) - THG PLC on Thursday said that it is seeking to raise GBP75 million from investors to help "demerge" one of its divisions. Read More

LONDON BROKER RATINGS: Goldman Sachs likes Aviva, cuts Phoenix Group

18th Sep 2024 09:50

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More

LONDON MARKET CLOSE: Airlines fly and Fed backed to deliver bumper cut

17th Sep 2024 16:58

(Alliance News) - London's FTSE 100 climbed on Tuesday as hopes grew for a jumbo-sized interest rate cut across the pond, and data showed the US economy continues to hold up well. Read More

TOP NEWS: THG looks to spin-off Ingenuity unit as trading underwhelms

17th Sep 2024 10:49

(Alliance News) - THG PLC on Tuesday announced plans to demerge its technology platform, THG Ingenuity, and switch the listing of its core beauty and nutrition business to improve liquidity and raise visibility. Read More

SMALL-CAP WINNERS & LOSERS: THG mulls demerger as outlook disappoints

17th Sep 2024 10:32

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More

LONDON BROKER RATINGS: Berenberg, Peel cut TT Electronics to 'hold'

17th Sep 2024 09:50

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More

LONDON BRIEFING: Flutter buys Playtech unit; Kingfisher ups outlook

17th Sep 2024 07:47

(Alliance News) - London's FTSE 100 is called to open higher on Tuesday, as traders see the pendulum swinging in the favour of a 50 basis point rate cut by the Federal Reserve on Wednesday. Read More

UK earnings, trading statements calendar - next 7 days

12th Sep 2024 13:55

Read More

LONDON BROKER RATINGS: Stifel cuts Great Portland, raises Hammerson

7th Aug 2024 09:40

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More

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