In the last few weeks, THG has passed on what it believes to be irregular stock market activity and short-selling data to the Financial Conduct Authority (FCA). 

Chief executive Moulding is understood to be particularly suspicious of trading activity after THG’s investor day in October, according to reporting in The Sunday Times. 

After its investor day on October 12, there was a raft of sell orders that wiped over £2bn off THG’s valuation.