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THG rebounds again after predicting major jump in profitability
Evening Standard
|June 21, 2023
Losing sparkle: Anglo American fell 35p to 2349.5p as its De Beers division saw rough diamond sales for the past fortnight down at $450m
RESURGENT THG shares put on another strong showing today as the Hut Group business founded by Matt Moulding forecast a big jump in profitability.
Ahead of its AGM in Altrincham, THG revealed a strong start to the financial year by the nutrition arm that includes the online sports brand Myprotein.
THG said pricing decisions to support consumers in the cost of living crisis were “now paying dividends”, with softer commodity prices also benefiting margins.
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