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The Latest Breaking News from THG

Activist shareholder sets out THG action plan as it ups stake

Kelso has outlined four recommendations to THG's board

Birmingham Post

THG set to spend B5bn on projects from 2023-25

SET-listed Thonburi Healthcare Group Plc (THG) will spend 5 billion baht between 2023 and 2025 funding various investment projects, including the construction of new hospitals in Thailand and Vietnam, as it aims to benefit from the full reopening of countries.

Bangkok Post

THG and musicMagpie move to reassure investors as Silicon Valley Bank's UK arm is sold to HSBC

Chancellor Jeremy Hunt has confirmed that all customer deposits have been protected under the deal, and that no taxpayer cash was involved

Birmingham Post

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THG's Matthew Moulding brands London Stock Exchange 'incredibly tough place' as he backs Arm's US move

In January, Rishi Sunak reportedly restarted talks with SoftBank to persuade it to list the computer chip maker in London

Birmingham Post

Married at First Sight UK star Sophie Brown quits top Manchester job and reveals plans for the future

Sophie appeared on the popular E4 show last year

Manchester Evening News

Matthew Moulding praises SoftBank after THG signs AutoStore Systems deal

SoftBank sold its entire stake in THG to Mr Moulding and Qatar Investment Authority, the country's sovereign wealth fund, in October 2022

Birmingham Post

CEO who helped save the Co-op from collapse lands new role

Richard Pennycook is a former chairman of THG

Birmingham Post

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Former THG, Boohoo and ASOS investor snaps up Sosandar shares

In October 2022, William Currie Investments also bought a 4.15% holding in Salford-based fashion label In The Style

Birmingham Post

Gary Neville's The Overlap for Sky Sports to have permanent home in Manchester - thanks to a cup of coffee

Mr Neville launched The Overlap in April 2021 and has counted the likes of Harry Kane, Roy Keane and David Beckham among its guests

Manchester Evening News

THG, Steven Bartlett and Home Bargains: The 13 latest North West deals you should not miss

A range of businesses from across the region have announced major deals over the last week

Birmingham Post

Cooper Parry heads towards £250m revenues with double acquisition

The number of staff across all of Cooper Parry’s UK locations now stands at more than 535

Birmingham Post

'We might be doing a good few things right': THG staff in bumper bonus worth £20m

THG's brands include Myprotein and Lookfantastic

Manchester Evening News

Matthew Moulding's THG hands shares worth £20m to over 700 employees

The move comes after the group gave out £36m in shares to 586 employees during 2022

Birmingham Post

Activist investor buys into 'significantly undervalued' THG in deal worth almost £3m

'Kelso believes this is an exciting first investment for its shareholders'

Birmingham Post

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Birmingham Post

Matthew Moulding praises 'right hand man' John Gallemore after THG boardroom shake up

Mr Gallemore has been succeeded as CFO by Damian Sanders

Birmingham Post

THG hires new finance chief as co-founder moves roles after almost 20 years

John Gallemore had been THG's CFO since 2004

The Guardian - UK

THG shares down 15% after online retailer issues profit warning

Company blames falling sales, contract delays and delivery disruption in latest of a number of missed financial targets

Irish Independent

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.

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Birmingham Post

THG lowers profit expectations despite record sales after £100m cost cutting

THG confirmed that a further £30m of savings are to be found this year

Manchester Evening News

Future of THG's Manchester Airport plans up in the air after £70m loan cancelled

The deal with Trafford Council was first announced at the start of 2020

Birmingham Post

THG's £70m loan to build new headquarters cancelled

The deal was first announced in January 2020

The Guardian - UK

Now would be a good moment for the chair of THG to find his voice

Charles Allen, formerly head of ITV, is in his £400,000 a year post to generate confidence in Matt Moulding’s creation

The Guardian - UK

More pain for online retailer THG as top insurer reduces cover

Cut-back of cover for suppliers is latest in a series of headaches for founder of the troubled business

Bangkok Post

THG chief case referred to Amlo

The Securities and Exchange Commission (SEC) has referred the case of Dr Boon Vanasin, former chairman of SET-listed Thonburi Healthcare Group (THG), to the Anti-Money Laundering Office for further investigation.

The Guardian - UK

Made.com: symbol of the pandemic punt that popped post-Covid

Founders, early backers and banks won big in the craze for buying online retailers but investors at THG, Deliveroo and Virgin Wines lost out

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