THG joins FTSE 250 following Ingenuity split

THG has been promoted to the FTSE 250 in the latest quarterly reshuffle following the demerger of its ecommerce Ingenuity business at the start of the year.
Founder and chief executive Matthew Moulding said the company’s inclusion “marks an important moment in THG’s evolution”.
The promotion is expected to attract index funds and active mid-cap investors, which will help increase liquidity and visibility for the stock. Related StoryTHG Ingenuity cuts jobs as it moves out