Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksThg Share News (THG)

Share Price Information for Thg (THG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 63.25
Bid: 63.40
Ask: 63.70
Change: 0.90 (1.44%)
Spread: 0.30 (0.473%)
Open: 62.50
High: 64.70
Low: 62.40
Prev. Close: 62.35
THG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Terrace Hill pares back debt and focuses on supermarkets

Wed, 05th Jun 2013 14:06

Property developer Terrace Hill slashed debts as it sold off most of its residential assets in the first half of the year to begin a new focus on developing stores for major supermarket groups.The AIM group saw triple net asset value (TNAV) increase 4.6% to 28.1p by the end of the six months to 31st March, having sold 919 units of its residential assets for £70.8m, largely completing the sale of its residential portfolio.The sales meant Terrace Hill made significant progress on strategy of reducing the its level of debt and gearing, slashing net debt by £36.8m to £10.4m during to bring gearing down to 16.8% from 78.2% at September 30th 2012.Chairman Robert Adair said: "The first half of the year has been transformational for Terrace Hill both in terms of significantly improving the group's financial position and in the delivery of a very solid operational performance." The group built three new foodstores in Sunderland, Sedgefield and Skelton that it pre-let to Sainsbury and Asda for a total capital value of £64.6m and noted that another four "substantial" supermarkets were in the planning process and other opportunities in the pipeline.On this, Chief Executive Philip Leech said: "We are now undoubtedly one of the market leaders of foodstore developments in the UK, with an impressive track record of completed schemes and a strong pipeline of sites in planning or under review." The company has been active in other sectors, having recently completed construction of a central London office and residential development, with a further project in Mayfair due to start in the summer, with a Darlington leisure complex expected later this year, and a forward funding agreement made for a large student accommodation scheme in Southampton that has already been pre-let and forward sold.Shares in Terrace Hill Group were down 5.2% at 20.5p at 14:00 on Wednesday.OH
More News
21 Jun 2023 14:56

THG making "tangible progress" on corporate governance concern

(Alliance News) - THG PLC's stint on the London Stock Exchange has been tricky so far, but strong recent trading and efforts to improve its governance have not gone unnoticed by analysts.

Read more
21 Jun 2023 10:02

THG sees 'significant increase' in first-half profitability

(Sharecast News) - THG said on Wednesday that it expects a significant increase in first-half profitability following a strong second quarter.

Read more
21 Jun 2023 09:38

LONDON BROKER RATINGS: Barclays cuts Rathbones, but raises Grainger

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

Read more
21 Jun 2023 09:15

TOP NEWS: THG backs profit outlook as Moulding gives up golden share

(Alliance News) - THG PLC on Wednesday backed annual guidance, with progress on all fronts, while Chief Executive Matthew Moulding surrendered his golden share.

Read more
21 Jun 2023 08:59

LONDON MARKET OPEN: Housebuilders fall amid hot UK CPI, rate fears

(Alliance News) - Stock prices in London opened in the red on Wednesday, as a hot UK inflation reading intensified fears about the trajectory of interest rates.

Read more
21 Jun 2023 08:34

THG expects higher first half profit, founder's Special Share cancelled

LONDON, June 21 (Reuters) - THG, the online retail platform, forecast an increase in first half profit, helped by a strong performance from its nutrition site, and maintained its guidance for the full year.

Read more
21 Jun 2023 07:56

LONDON BRIEFING: Berkeley profit up; THG CEO surrenders golden share

(Alliance News) - Stocks in London are called lower on Wednesday, after hotter-than-expected UK inflation data wrong-footed forecasters once again and heaped more pressure on the Bank of England.

Read more
21 Jun 2023 07:41

THG expects higher first half profit

LONDON, June 21 (Reuters) - THG, the online retail platform, on Wednesday forecast a significant increase in first half profit and maintained its guidance for the full year.

Read more
14 Jun 2023 15:57

UK shareholder meetings calendar - next 7 days

Thursday 15 June 
Amaroq Minerals LtdAGM
Anexo Group PLCAGM
ASA International Group PLCAGM
Baillie Gifford China Growth Trust PLCAGM
Chapel Down Group PLCAGM
Directa Plus PLCAGM
Everyman Media Group PLCAGM
HC Slingsby PLCAGM
Inspecs Group PLCAGM
Informa PLCAGM
IP Group PLCAGM
LBG Media PLCAGM
M&G Credit Income Investment Trust PLCGM re amendment to the company's articles of association
Novacyt SAAGM
OTAQ PLCAGM
Parity Group PLCAGM
PetroTal CorpAGM
Pollen Street PLCAGM
Shaftesbury Capital PLCAGM
Southern Energy CorpAGM
Friday 16 June 
Alpha Growth PLCAGM
Anglo-Eastern Plantations PLCAGM
Gulf Keystone Petroleum LtdAGM
John Lewis of Hungerford PLCGM re proposed cancellation of admission to trading on AIM
Tesco PLCAGM
Woodbois LtdAGM
Monday 19 June 
All ThingsConsidered Group PLCAGM
Blackbird PLCAGM
Finsbury Food Group PLCAGM
Globalworth Real Estate Investments LtdAGM
Marlowe PLCGM re proposed capital reduction
Metals Exploration PLCAGM
Red Rock Resources PLCGM re security conversion into shares for cash
Savannah Resources PLCAGM
Tuesday 20 June 
Acceler8 Ventures PLCAGM
Afentra PLCAGM
Armadale Capital PLCAGM
Bay Capital PLCAGM
Blackrock Smaller Companies Trust PLCAGM
Block Energy PLCAGM
Corero Network Security PLCAGM
Coro Energy PLCAGM
Crimson Tide PLCAGM
Curtis Banks Group PLCAGM
EPE Special Opportunities LtdAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Jersey Oil & Gas PLCAGM
Kore Potash PLCAGM
Lords Group Trading PLCAGM
Mission Group PLCAGM
North Atlantic Smaller Cos Investment Trust PLCAGM
Red Capital PLCAGM
Saga PLCAGM
SDX Energy PLCAGM
Skillcast Group PLCAGM
Zegona Communications PLCAGM
Wednesday 21 June 
Argentex Group PLCAGM
Clean Power Hydrogen PLCAGM
Eqtec PLCAGM
Hydrogen Utopia International PLCAGM
HSS Hire Group PLCAGM
Intelligent Ultrasound Group PLCAGM
JD.com IncAGM
RTW Venture Fund LtdAGM
Schroders Capital Global Innovation Trust PLCAGM
Sivota PLCAGM
Numis Corp PLCGM re acquisition by Deuche Bank AG
THG PLCAGM
UK Commercial Property REIT LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
22 May 2023 13:54

Frasers Group in advanced talks to buy ProBikeKit from THG - report

(Sharecast News) - Mike Ashley's Frasers Group is reportedly in advanced talks to buy cycling goods specialist ProBikeKit from THG.

Read more
22 May 2023 13:19

PRESS: Frasers sizing up ProBikeKit assets in deal with THG - Sky News

(Alliance News) - Sports Direct owner Frasers Group PLC is in talks to acquire the stock and intellectual property of THG PLC's ProBikeKit cycling goods unit, Sky News reported on Monday.

Read more
15 May 2023 16:55

LONDON MARKET CLOSE: Miners lift FTSE 100 in lukewarm start to week

(Alliance News) - Mining shares helped the FTSE 100 outperform on Monday, though peers in Europe only achieved minor gains in a tepid start to the week.

Read more
15 May 2023 14:45

Canaccord cuts THG to 'hold', sees potentially long road to recovery

(Sharecast News) - Canaccord Genuity downgraded shares of THG from 'speculative buy' to 'hold' after the e-commerce company's decision to reject a bid from private equity giant Apollo.

Read more
12 May 2023 16:53

LONDON MARKET CLOSE: Sterling slides after weak UK GDP print

(Alliance News) - Stocks in London ended the week broadly higher on Friday, with strong performances from blue-chips Beazley and GSK helping to offset weak economic growth data for the UK economy.

Read more
12 May 2023 12:05

Kelso shares fall as reiterates belief in THG; notes trading momentum

(Alliance News) - Kelso Group Holdings PLC on Friday said it continued to believe in the "strong underlying value" of e-commerce platform THG PLC, as the latter terminated takeover talks with Apollo Global Management Inc.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.