dmg media (UK)
boss Matt Moulding was in typical Panglossian form when talking about the firm’s half-year figures last week. ‘So here are the real highlights that you’re not likely to read in the media,’ he said on career networking site LinkedIn. These highlights included the nutrition division ‘flying’, a measure of profit called Ebitda rising, and an increase in profits at its beauty arm. All of these and most of the long LinkedIn post could be read in a piece on the City AM website, which THG recently snapped up. This same piece said that revenues fell ‘slightly’ year-on-year, but failed to mention that shares fell by as much as 20 per cent after THG reported a bigger loss in the first half and lowered its sales forecast. A sin of omission, perhaps?