Among them is the bubbling row over the future of The Hut Group (THG) – with pressure mounting on the online beauty and nutrition firm to ditch its chairman. Investor discontent: Pressure is mounting on online beauty and nutrition firm The Hut Group to ditch its chairman and spin off its beauty, nutrition and e-commerce armsTHG floated at 500p a share in September 2020, valuing the business at £5.4billion. Digital advertising group Brave Bison has abandoned its takeover of Mission Group. Last week Mission Group rejected Brave Bison’s sweetened offer of £32.3million – up from a previous proposal of £27million and yesterday insisted it is ‘confident in its stand-alone prospects’. Shares in Brave Bison dipped 1 per cent, or 0.03p, to 2.43p and Mission Group tumbled 11.1 per cent, or 3p, to 24p.

Source: Daily Mail June 11, 2024 03:06 UTC