Thg Share News (THG)

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.

THG moves ex-Deloitte partner Sanders to CFO from non-exec director

(Alliance News) - THG PLC on Tuesday said Non-Executive Director Damian Sanders will move over to be its new chief financial officer, starting immediately, taking over from John Gallemore, who is becoming chief operating officer.

BofA ML upgrades Asos, Boohoo to 'buy'

(Sharecast News) - Bank of America Merrill Lynch upgraded Boohoo and Asos on Friday as it took a look at European online retail.

LONDON BROKER RATINGS: Bank of America and Oddo BHF cut Whitbread

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

UPDATE: THG cuts adjusted earnings guidance for 2022 by 30%

THG PLC - Manchester-based online beauty products retailer that trades as The Hut Group - Reports record sales of GBP2.25 billion in 2022, up 3.3% from GBP2.18 billion the year prior. THG Beauty remains largest revenue line at GBP1.19 billion, up 6.1%. THG Nutrition delivers GBP676.4 million, up 2.0%. THG Ingenuity, the retailing platform that THG offers to other retailers, contributes GBP208.1 million, up 7.1%. THG cites significant investment in price strategy through 2022 to support long-term customer retention, alongside new customer growth in established and emerging markets for the growth.

IN BRIEF: THG sales up 3% in 2022; says cost inflation easing in 2023

THG PLC - Manchester-based online beauty products retailer that trades as The Hut Group - Reports record sales of GBP2.25 billion in 2022, up 3.3% from GBP2.18 billion the year prior. THG Beauty remains largest revenue line at GBP1.19 billion, up 6.1%. THG Nutrition delivers GBP676.4 million, up 2.0%. THG Ingenuity, the retailing platform that THG offers to other retailers, contributes GBP208.1 million, up 7.1%. THG cites significant investment in price strategy through 2022 to support long-term customer retention, alongside new customer growth in established and emerging markets for the growth.

LONDON BROKER RATINGS: Bernstein cuts Unilever to 'underperform'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

THG issues profit warning after sales miss estimates

(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.

LONDON BRIEFING: UK real earnings continue to fall; stocks called down

(Alliance News) - Stocks in London were set to open flat on Tuesday, after UK unemployment and earnings data and as the Bank of Japan kicked off its two-day policy meeting.

UK earnings, trading statements calendar - next 7 days

Top credit insurer reduces cover to THG suppliers - report

(Sharecast News) - A leading credit insurer has reportedly reduced cover to suppliers of online beauty retailer THG.

LONDON BROKER RATINGS: Jefferies raises AJ Bell to 'buy' from 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

LONDON BRIEFING: Asos interim CFO departs; Safestore enters Germany

(Alliance News) - Stocks in London are set to open marginally lower on Friday, ahead of US non-farm payrolls later in the day, a piece of data expected to loom large for the US Federal Reserve at its December meeting.

LONDON BROKER RATINGS: UBS raises Auto Trader; Berenberg likes Next 15

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning: