BlackRock adds to THG woes with share sales
Evening Standard|November 02, 2021
MARKET ROUND-UP
Graeme Evans

THE City heaped even more pressure on Hut Group tycoon Matt Moulding today as THG shares crashed another 7% to continue a dramatic reversal of fortunes.

The latest slide came as funds managed by BlackRock offloaded a chunk of shares, adding to the weakening sentiment triggered by corporate governance concerns and the debate over the worth of the Ingenuity e-commerce platform.

Shares in THG, which is run and majority-owned by co-founder Moulding, peaked at nearly 800p this year only to fall below 200p today before settling 15.6p cheaper at 201.8p.

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