THG calls off takeover talks with Apollo Global
12th May 2023 07:49
(Sharecast News) - Online retailer THG called off take-over talks with US private equity outfit Apollo Global Management.
Read moreTHG slumps as Bloomberg questions viability of Apollo takeover
4th May 2023 13:34
(Sharecast News) - Shares in THG slumped on Thursday after research from Bloomberg Intelligence suggested that the e-commerce company is unlikely to close a deal with US private equity firm Apollo Global Management seeing a profitable exit.
Read moreApollo drafts in former Coty CEO to help with THG offer - report
2nd May 2023 12:54
(Sharecast News) - A former chief executive of Coty has reportedly been drafted in to help Apollo Global Management draw up a firm offer for health and beauty retailer THG.
Read moreKelso lifts stake in THG, highlights value of nutrition business
21st Apr 2023 10:35
(Sharecast News) - Activist investor Kelso Group said on Friday that it has upped its stake in e-commerce retailer THG to 8m shares, as it argued that the company's nutrition business - MyProtein - is one of the key drivers of the investment.
Read moreTHG falls short of downgraded FY guidance
18th Apr 2023 08:09
(Sharecast News) - E-commerce retailer THG said on Tuesday that the group had hit its downgraded full-year guidance, just 24 hours after it revealed it has received a buyout approach.
Read moreLiberum lifts THG to 'buy'
17th Apr 2023 15:17
(Sharecast News) - Liberum lifted e-commerce group THG to 'buy' from 'hold' on Monday, hiking the price target to 220p from 55p as it moved to a sum of the parts valuation, with the company now "in play" after confirming it had received a highly preliminary and non-binding indicative takeover proposal from private equity firm Apollo Global Management.
Read moreTHG confirms takeover proposal from Apollo, shares surge
17th Apr 2023 10:35
(Sharecast News) - THG surged on Monday after the e-commerce company confirmed it has received a highly preliminary and non-binding indicative takeover proposal from private equity firm Apollo Global Management.
Read moreSunday newspaper round-up: Glencore, THG, John Wood Group
16th Apr 2023 22:11
(Sharecast News) - The board of Teck Resources is piling on the pressure for the mining group to initiate talks with Glencore over its proposed $23bn (£19bn) takeover offer. Meanwhile, advisory group Glass Lewis has joined ISS in pushing for Teck's shareholders to reject a split that will be submitted to a vote on 26 April. According to Glass Lewis, Glencore's offer was sufficiently compelling to justify pausing the separation and engaging in negotiations. - The Sunday Times
Read moreTHG inks new 10-year strategic partnership with Maximo Group
6th Apr 2023 07:25
(Sharecast News) - Technology platform operator THG has struck a new 10-year strategic partnership with beauty e-commerce retailer Maximo Group.
Read moreSunday newspaper round-up: Bank of England,
19th Mar 2023 15:12
(Sharecast News) - Experts at Investec believe that the Bank of England will stand pat on rates when it meets this week due to financial stability concerns triggered by the collapse of Silicon Valley Bank and bailouts for Credit Suisse and First Republic Bank. "The degree of conviction in this view is necessarily small when inflation is still in double-digits but stability concerns have suddenly surged," they said. Inflation data out on Wednesday on the other hand was expected to decline to just below 10%, posing a dilemma for Bank. Yet senior Treasury officials think the rate of inflation could halve to roughly 5% over the next few months. Similarly, the Office for Budget Responsibility sees inflation tumbling to 2.9% by the end of 2023. - Financial Mail on Sunday
Read moreLiberum stays at 'hold' on THG
7th Feb 2023 16:26
(Sharecast News) - Analysts at Liberum reiterated their 'hold' rating on shares of The Hut Group on Tuesday, stating "cash remains king" for now.
Read moreActivist investor Kelso Group takes 0.4% stake in THG
31st Jan 2023 09:39
(Sharecast News) - Activist investor Kelso Group said on Tuesday that it has taken a stake in "undervalued" e-commerce company THG.
Read moreTHG appoints Damian Sanders as CFO
24th Jan 2023 09:26
(Sharecast News) - THG has appointed Damian Sanders as its new chief financial officer with immediate effect.
Read moreBofA ML upgrades Asos, Boohoo to 'buy'
20th Jan 2023 09:07
(Sharecast News) - Bank of America Merrill Lynch upgraded Boohoo and Asos on Friday as it took a look at European online retail.
Read moreTHG issues profit warning after sales miss estimates
17th Jan 2023 07:59
(Sharecast News) - UK-based ecommerce company THG on Tuesday issued a profits warning as it was hit by falling sales, delivery disruption and contract delays.
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