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The Latest Breaking News from THG

FTSE 100 jumps amid global stock rally after Trump rows back on tariff threats

The US president said that sky-high trade tariffs on China will ‘come down substantially but it won’t be zero’, prompting stock markets to surge.

Evening Standard

THG rebuffs ‘largely unfunded’ approach for Myprotein from ex-director’s firm

The cash-and-shares approach from Selkirk valued Myprotein at between £400 million and £600 million, THG said.

Evening Standard

Hunger Games Fans Slam SHEIN Collab Encouraging Them to 'Rebel Against the Ordinary': 'Something the Capitol Would Do'

"The Hunger Games" fans are not happy with Lionsgate and Susan Collin's new collaboration with fast-fashion megacorporation SHEIN.

Fashion Times

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Sales slip at Myprotein owner THG after spinning off Ingenuity arm

The Myprotein and Cult Beauty owner highlighted ‘improving’ demand for the rest of the financial year.

Evening Standard

3 High-PE Insurance Stocks Worth the Premium

Rising healthcare costs, cutting-edge technology, and escalating geopolitical tensions are supercharging growth in the insurance industry. This landscape presents prime opportunities for The Progressive Corporation (PGR), Primerica (PRI), and The Hanover Insurance Group (THG) to thrive and deliver substantial value for investors, even with their premium valuations. Read on….

StockNews.com

Mike Ashley’s Frasers Group takes £10m stake in online retailer THG

Move is part of THG raising £95.4m to fund demerger of lossmaking technology arm Ingenuity

The Guardian - UK

An ingenious plan to revive THG – or too clever by half?

Proposal to ‘demerge’ group’s Ingenuity e-commerce division needs far more clarity to convince stock market

The Guardian - UK

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3 Financial Stocks That Offer Growth and Stability

Financial services are vital to economic health, ensuring liquidity and cash flow. With technological advancements and rising consumer demand, the sector is ripe for growth. Thus, investors could consider taking a look at financial stocks, like Hanover Insurance Group (THG), NI Holdings (NODK), and Hawthorn Bancshares (HWBK), for a mix…

StockNews.com

3 Insurance Stocks Offering Stability and Growth

The insurance market is growing significantly owing to the rising demand and ongoing technological innovation. Thus, it could be wise to invest in fundamentally sound insurance stocks Hartford Financial Services (HIG), Allstate (ALL), and Hanover Insurance (THG) for stability and growth. Read on.

StockNews.com

Myprotein operator THG strikes deal with Frasers for consumer credit roll-out

THG also revealed it has clinched a deal to sell its luxury brand Coggles to Frasers.

The Independent UK

Frasers buys THG’s Coggles website as they unveil partnership deal

Sports Direct owner to acquire luxury goods sites and sell online retailer’s protein powder in its shops

The Guardian - UK

FTSE 100 Live 24 June: Shein IPO speculation mounts, blue-chips close higher, US stocks fall as Nvidia slips

Prudential’s $2 billion buyback plan and a tie-up between Frasers Group and THG are among today’s FTSE 100 highlights.

Evening Standard

THG boss Moulding likens himself to David Beckham and Robbie Williams after 2023 rebound

THG broke even in cash terms in 2023 as it switched strategy to focus on higher-margin products

Evening Standard

Williams F1 team lands multi-year partnership deal with THG

Formerly known as The Hut Group, Manchester-based THG is an e-commerce retailer selling its own brands, mainly in beauty and nutrition, as well as third-party goods.

Autosport

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The Guardian - UK

Moulding has the right to buy City AM – but he shouldn’t use THG’s cash

The retail billionaire’s newspaper deal looks like an indulgence when his core business needs attention

The Guardian - UK

City AM bought by Matthew Moulding’s online beauty retailer THG

London-based free newspaper saved from administration by multimillionaire businessman

The Independent UK

Online retail group THG in talks over deal to buy City AM

It is understood that THG is seeking to purchase the business publication in a pre-pack administration process.

The Guardian - UK

Online health and beauty firm THG in talks to buy freesheet City AM

Struggling London free newspaper would retain editorial independence and staff expected to be kept on

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Evening Standard

City AM sold to ecommerce group THG

The sale prevents administrators from taking over London freesheet City AM

Birmingham Post

THG sells Manchester Airport hangar to private equity giant

LCN Capital Partners has over 100 investments in more than 300 properties across 18 countries around the world

Birmingham Post

Matthew Moulding eyeing sale of THG's £250m headquarters

A European real estate investor has been tipped as the new owner

Birmingham Post

Former THG boss joins Boohoo's attempted boardroom coup at Revolution Beauty

Boohoo first invested in Revolution Beauty in August 2022 and further upped its stake in November last year

Birmingham Post

THG shareholders voice opposition to re-election of long-standing board member

Iain McDonald is also a board member at fashion giant Boohoo

The Guardian - UK

THG chief Matt Moulding gives up ‘golden’ share

Retail group says Moulding has ‘transferred’ share that had given him power to veto hostile takeovers

Birmingham Post

THG boss Matthew Moulding gives up power to veto hostile takeover approaches as group eyes 'significant increase' in profits

THG has also announced two changes to its board

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