Online retailer THG saw its share price jump by more than 13 per cent yesterday (Tuesday).
The Manchester-headquartered retail giant saw its share price rise from 30.08p to 34.98p, the highest since February 26, when it reached 35.42p.
THG was the day’s second highest riser in the FTSE 250, behind only Ceres Power Holdings.
The company did not make any statements to the LSE yesterday, but there is speculation that the rise could be linked to a multi-million-pound VAT rebate it may be due.
THG is awaiting a crucial VAT ruling on protein powders, with the potential for a successful £78m claim against HMRC.
Several companies have submitted similar claims, and HMRC was refused permission to appeal in one of them, which is seen as good news for THG.
In March, CEO Matt Moulding said the company was ‘on the front foot’ after publishing its results for 2025.
He added: “Momentum built as the year went on and that changes everything.
“2026 has started well across both THG and THG Ingenuity, despite the usual chaotic start to the year globally.”