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Is THG heading for another FTSE 250 exit?

Published: March 23, 2026 at 8:22 am

Author: Chris Maguire

Whisper it quietly, but could THG drop out of the FTSE 250 Index (again)?

The Manchester-headquartered online retailer only returned to the prestigious FTSE 250 in September 2025 — three months after exiting when its share price dipped to 25p.

The company’s share price has been up and down like a rollercoaster ever since — topping 50p in January on the back of a stellar Q4 2025 trading update — but it is now back at 28p, giving it a market cap of £467.51m.

The share price woes have raised the possibility that THG could suffer the ignominy of dropping out of the FTSE 250 again unless it can turn its fortunes around.

However, talk of THG’s demise is premature for several reasons.

 

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