THG joins FTSE 250 following Ingenuity split
THG has been promoted to the FTSE 250 in the latest quarterly reshuffle following the demerger of its ecommerce Ingenuity business at the start of the year.
THG has been promoted to the FTSE 250 in the latest quarterly reshuffle following the demerger of its ecommerce Ingenuity business at the start of the year.
Founder and chief executive Matthew Moulding said the company’s inclusion “marks an important moment in THG’s evolution”.
The promotion is expected to attract index funds and active mid-cap investors, which will help increase liquidity and visibility for the stock.
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Moulding is one of the sectors most vocal retails CEOs and has blasted life as a London-listed company, which he previously said has “just sucked from start to finish”.
THG said at the start of the year that it remains on track to meet full-year expectations, despite posting a decline in sales for the fourth quarter of 2024.
For the three months to 31 December 2024, the MyProtein owner reported a 2.6% drop in revenue, totalling £552.4m.
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