The Hut Group boss speaks to the Mail as shares sink ANOTHER 35 per cent

THE Hut Group was the darling of the stock market when it listed in September last year.

It was the biggest debut in London since the Royal Mail in 2013 and rose 25pc from its 500p offer price in its first day.

But shares started sliding five weeks ago amid rumours boss Matt Moulding wanted to split up the group.

It was confirmed on September 16 when he outlined plans to list THG Beauty as a separate company and suggested THG Nutrition could follow suit. The shares took another lurch downwards when a research note published on October 1 by The Analyst told investors to short – or bet against – the stock. Predicting the price could fall to 260p, the note claimed THG’s tech arm Ingenuity, which it said accounts for half the company’s value, may not meet expectations.

It left Moulding with a fight on his hands with all eyes on yesterday’s ‘capital markets day’, when investors have the chance to discuss a company with its top management.

But it ended with The Hut Group having its worst ever day on the stock market, and more questions hanging over the company.