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British e-commerce firm THG to spin off technology platform Ingenuity

CNBC
Summary
Nutrition label

74% Informative

British e-commerce firm THG said Tuesday that it is looking to spin off its technology platform, Ingenuity .

The move is a blow to founder Matthew Moulding's vision to build a large publicly-listed technology name in the U.K. THG formed THG InGenuity in 2021 as a separate venture.

The firm is also planning to transfer its currently publicly-traded shares to the newly created equity shares commercial companies segment of the London Stock Exchange .

VR Score

83

Informative language

88

Neutral language

39

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

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Known propaganda techniques

not detected

Time-value

short-lived

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