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The Latest Breaking News from THG

Kelso Group ups stake in THG and calls for spinoff of nutrition business

Announcement adds to rollercoaster week for shares in Matt Moulding’s online retail specialist

The Guardian - UK

Boss of THG quotes Alanis Morissette as he slams ‘negative press’

‘Isn’t it ironic,’ says Matt Moulding in online polemic taking aim at hedge funds, analysts and the media

The Guardian - UK

Brothers win backing for low-sugar cookie business Jnck

Alex and Sean Brassill have secured first national listing

Birmingham Post

From analysis to the latest developments in health,
read the most diverse news in one place.

Jaguar Land Rover £15bn electric vehicle transformation plan will see new vehicles and first all-electric factory

Merseyside plant will become all-electric while investment also coming to West Midlands sites

Birmingham Post

Waste management company SED Services expands with HSBC backing

Company aims to win new customers and process more local authority contracts

Birmingham Post

TransPennine Express – Transport Secretary says no option is off the table as contract expiry nears

MPs told passengers have suffered “horrendous experience” recently

Birmingham Post

Co-op investing £240m into membership offer and vows lower food and drink prices

Group hopes to grow membership by 1m and have member offers for the Co-op Live arena

Birmingham Post

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Man City reveals images of £300m Etihad expansion plans - including leisure, retail and business space

'Entertainment and leisure complex' will also include workspaces for SMEs

Birmingham Post

BGF investing £9m in software firm Voicescape

Salford developer working with social housing providers and local authorities plans to expand

Birmingham Post

THG reports rise in losses to £550m amid takeover approach

Shares in online retail tech company slide after rise on Monday as private equity group circled

The Guardian - UK

Takeover target THG upbeat on 2023 prospects despite sales dip after reporting record revenues for 2022

Group delivered £100m of savings in 2022

Birmingham Post

Machinery manufacturer MattressTek seals deal to grow in North America as it expands its UK site

Export success for firm that makes equipment used by mattress manufacturers

Birmingham Post

Private equity’s dominance has gone too far

London Stock Exchange should try to create stepping stone between private ownership and quoted status

The Guardian - UK

THG shares soar on takeover move amid spate of private equity bids for UK firms

Weak pound makes FTSE 250 firms ‘ripe for takeovers’ with John Wood Group and Network International also approached

The Guardian - UK

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news in one place.

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Birmingham Post

THG reveals takeover approach from Apollo Global Management

Shares soar as group says proposal is 'highly preliminary and non-binding'

Birmingham Post

AO World says consumer market doing better than expected

Electricals retailer says cost-cutting efforts are seeing 'positive traction'

Manchester Evening News

High-profile Manchester companies lead shortlists for MEN Business Awards 2023

The ceremony itself will be hosted by Olympic sprinter Iwan Thomas MBE

Birmingham Post

THG, TalkTalk and Auto Trader lead shortlists for MEN Business Awards 2023

The awards are being supported by the Manchester Evening News and Reach's business news site BusinessLive

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news in one place.

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Cycling Weekly

Major online UK cycling retailer to close, according to reports

ProBikeKit set to shut down as owner THG shutters its 'lossmaking' OnDemand division

Manchester Evening News

THG puts 180 jobs at risk in Greater Manchester after closing major OnDemand division

THG said it 'will take steps to minimise the number of redundancies'

Birmingham Post

THG puts 180 jobs at risk as closure of major division confirmed

THG said it will 'take steps to minimise the number of redundancies'

Birmingham Post

Floating on London Stock Exchange 'not an experience I'd recommend to anyone', says THG boss Matthew Moulding

THG floated on the London Stock Exchange in September 2020 in a move that raised £1.88bn

Birmingham Post

Pets at Home, Matalan and American Golf: The 20 latest hires and promotions from across the North West

BusinessLive rounds up the latest hires and promotions across the North West

Birmingham Post

On the Beach hires THG boss as finance chief as date revealed for new CEO

On the same date, current CFO Shaun Morton will succeed founder Simon Cooper as chief executive

Birmingham Post

Activist shareholder sets out THG action plan as it ups stake

Kelso has outlined four recommendations to THG's board

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