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Evening Standard
Evening Standard
Business
Oscar Williams-Grut

Spiking whey prices hit margins at THG and sent stock sinking further

THG Matt Moulding

THG CEO Matt Moulding

(Picture: THG)

Beleaguered e-commerce group THG saw its stock slip further today after missing forecasts on profit margins.

THG, formerly known as The Hut Group, said margins for 2021 were set to be between 7.4% to 7.7%, compared to market expectations of 7.9%.

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