Published: February 4, 2026 at 8:32 am
Manchester-headquartered eCommerce retailer THG is danger of seeing its market cap drop below that of Applied Nutrition.
THG’s has continued to see its share price fall since January 13th, when it told the London Stock Exchange that the company had ended 2025 with its strongest quarter of trading with group revenue growth up 7 per cent.
The company’s share price opened this morning at 36.20p – compared to 47.92p on January 12th.
At 8.24am, THG’s share price stood at 36.86p – giving it a market cap of £600m.
At the same time Applied Nutrition, a Liverpool-based sports nutrition, health and wellness brand founded by Thomas Ryder, had a share price of 236.50p and a market cap of £591.25m.
Applied Nutrition floated in 2024.