Editor
THG Plc shares plunged as much as 20 percent after the UK e-commerce company reported a wider loss in the first half and lowered its sales forecast, held back by inflationary pressures and its beauty division.
The business formerly known as The Hut Group had a £100 million ($125 million) first-half operating loss. Adjusted earnings were £50.1 million, just above the top end of its guidance, and the company maintained its forecast for…
