Shares in online retail tech company slide after rise on Monday as private equity group circled
The online retail tech company THG said its annual losses widened last year to £550m amid higher costs and as home shopping waned with the end of pandemic lockdowns.
Shares in the troubled group dived 17% on Tuesday as it revealed that pretax losses had almost tripled in the year to 31 March while sales had risen just 2.7% to £2.2bn.
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