Editor
British e-commerce group THG said on Thursday it expects annual core earnings to fall short of analysts’ expectations on higher commodity prices, sending its shares down 10 percent to a record low.
Adjusted core earnings for the six months ended June for the company, which also has beauty and nutrition units, slumped 60 percent to £32.3 million.
“Supporting our consumers through 2022 has been offset through reducing 2023 capex …,”…
