Personal Goods
By Michele Maatouk
Date: Tuesday 26 Jul 2022
LONDON (ShareCast) - (Sharecast News) - THG was under the cosh on Tuesday after the ecommerce group said that it and SoftBank have called off a long-standing agreement for the Japanese conglomerate to buy a stake in the company for £1.1bn.
Last year, SB Management- a division of Softbank - invested $730m in THG through a placing, giving it a stake of around 8%. At the same time, THG agreed to grant SB a call option to buy a 19.9% stake in THG Ingenuity, the technology division, for $1.6bn.
However, THG said on Tuesday that the agreement has been terminated by mutual agreement "in light of global macroeconomic conditions".
At 1550 BST, the shares were down 4% at 67.20p.
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Currency | UK Pounds |
Share Price | 62.25p |
Change Today | 0.90p |
% Change | 1.47 % |
52 Week High | 107.10p |
52 Week Low | 57.38p |
Volume | 833,336 |
Shares Issued | 1,330.63m |
Market Cap | £828.31m |
RiskGrade | 166 |
Value |
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Price Trend |
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Income | ![]() |
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Growth |
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No dividends found |
Time | Volume / Share Price |
16:28 | 85 @ 62.25p |
16:28 | 474 @ 62.25p |
16:28 | 165 @ 62.25p |
16:28 | 55 @ 62.20p |
16:28 | 23 @ 62.20p |
CEO | Matthew Moulding |
CFO | Damian Sanders |
Chair | Charles Allen |
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