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The Latest Breaking News from Ingenuity

Matthew Moulding's THG hands shares worth £20m to over 700 employees

The move comes after the group gave out £36m in shares to 586 employees during 2022

Birmingham Post

THG shares down 15% after online retailer issues profit warning

Company blames falling sales, contract delays and delivery disruption in latest of a number of missed financial targets

The Guardian - UK

THG lowers profit expectations despite record sales after £100m cost cutting

THG confirmed that a further £30m of savings are to be found this year

Birmingham Post

From analysis to the latest developments in health,
read the most diverse news in one place.

UK e-commerce firm THG ends investment deal with Japan’s SoftBank

Company, which owns sites such as Lookfantastic and Zavvi, blames ‘global macroeconomic conditions’

The Guardian - UK

THG shares rocket as Nick Candy circles and separate bid rejected

The e-commerce company rejected a ‘highly preliminary’ 170p-a-share bid from Belerion Capital Group and King Street Capital Management but analysts think THG will continue to be a takeover target

Evening Standard

Study: People with mental health issues are more at risk of breakthrough Covid-19

In this edition of Inverse Daily, read stories on psychiatric diagnoses and Covid-19, hibernating in space, Ingenuity's latest photos of Mars, and more.

Inverse

City comment: WPP imitation shows THG deserves some credit for its Ingenuity

THG has been given a right old kicking over the last year - but perhaps it’s due some credit.

Evening Standard

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THG rejects multiple ‘unacceptable’ takeover bids after share price collapse

Shares in the online retailer have dropped 85% since last summer amid concerns about corporate governance and plans to focus on its small, but fast-growing, platform business Ingenuity

Evening Standard

NASA wants two more Mars landers

A much-anticipated sample-return mission has been pushed back while Perseverance looks for life on the Red Planet

Salon

Ofgem may be busy, but it must address Martin Lewis’s points

If the consumer champion is right, it seems many of the energy companies are trying it on

The Guardian - UK

Space helicopter grounded on Mars for first time in history as dust cloud covers planet

NASA was forced to ground the 19th flight of its Ingenuity helicopter when a massive dust cloud stretched across the northern and southern hemispheres of the red planet

Daily Mirror

Little ingenuity needed to spot the weakness of THG

The value of the e-commerce firm’s ‘end-to-end technology solutions’ doesn’t seem clear – no wonder investors went cold

The Guardian - UK

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