THG shows signs of improvement but doesn’t impress

Predicting an upturn in the fortunes of THG (THG), formerly the company known as The Hut Group, would tax even the most seasoned Roman augury, as the company’s ability to generate substantial losses on billions in revenue continues to test the patience of its investors. Fortunately, with over £600mn of cash and equivalents still to burn through it can keep chugging on for a while yet.