Thg Share News (THG)

UPDATE: Kelso surges as investee company THG receives buyout offer

(Alliance News) - Kelso Group Holdings PLC shares surged on Monday after its investee company THG PLC it said it has received a buyout proposal from Apollo Global Management Inc.

TOP NEWS: THG surges on takeover proposal from Apollo Global

(Alliance News) - THG PLC shares jumped on Monday, after it said it has received a buyout proposal from Apollo Global Management Inc.

THG confirms takeover proposal from Apollo, shares surge

(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.

Sunday newspaper round-up: Glencore, THG, John Wood Group

(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

UK earnings, trading statements calendar - next 7 days

TOP NEWS: THG pens 10-year Ingenuity deal with fragrance company

(Alliance News) - THG PLC on Thursday announced a 10-year pact with beauty and fragrance company Maximo Group Ltd, which operates websites including allbeauty.com and fragrancedirect.co.uk.

THG inks new 10-year strategic partnership with Maximo Group

(Sharecast News) - Technology platform operator THG has struck a new 10-year strategic partnership with beauty e-commerce retailer Maximo Group.

Kelso urges THG to focus on cash, launch share buyback as ups stake

(Alliance News) - Kelso Group Holdings PLC on Thursday said it has increased its stake in THG PLC and urged the company to take steps improve its market value.

Kelso ups stake in THG; urges THG to up market value

(Alliance News) - Kelso Group Holdings PLC on Thursday said it has upped its stake in THG PLC and urged the company to improve its market value.

Sunday newspaper round-up: Bank of England,

(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

SUMMARY: London listings with exposure to Silicon Valley Bank

(Alliance News) - The following is a round-up of updates on exposure to Silicon Valley Bank by London-listed companies, issued on Monday and not separately reported by Alliance News:

Liberum stays at 'hold' on THG

(Sharecast News) - Analysts at Liberum reiterated their 'hold' rating on shares of The Hut Group on Tuesday, stating "cash remains king" for now.

Kelso Group bets on "undervalued" THG for maiden investment

(Alliance News) - Kelso Group Holdings PLC has snapped up a 0.4% stake in THG PLC, believing the online beauty products retailer to be "undervalued" after a difficult two years on the London Stock Exchange.

Activist investor Kelso Group takes 0.4% stake in THG

(Sharecast News) - Activist investor Kelso Group said on Tuesday that it has taken a stake in "undervalued" e-commerce company THG.

THG appoints Damian Sanders as CFO

(Sharecast News) - THG has appointed Damian Sanders as its new chief financial officer with immediate effect.