All the updated news related to ao world

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City

AO World slides to loss over higher labour costs

Online electricals retailer AO World has tumbled to an annual loss after being hit by rising costs and declining sales. The white goods firm posted a £37 million pre-tax loss for the year to March 31, falling from a £20 million profit in the ...

18 Aug 2022 at 09:01

City

AO World launches review into underperforming German business

UK electrical goods retailer AO World is launching a review in to its German business after bosses revealed the division took a heavy hit in sales. The company suffered a 24% fall in sales in the country in the three months to the end of ...

27 Jan 2022 at 12:26

City

AO World reveals widened losses amid cost crisis, but insists actions paying off

Online electricals retailer AO World has posted widened half-year losses after sales fell, and cautioned trading will be remain under pressure amid the cost-of-living crisis and supply chain woes. The group reported pre-tax losses of ...

22 Nov 2022 at 15:10

City

Cost-of-living crisis to push more retailers to brink in 2023, warn experts

The cost-of-living crisis is set to result in further retail failures over the next year with larger firms positioned to snap up stricken competitors, according to retail experts. It comes after an increase in retail collapses ...

27 Dec 2022 at 09:00

City

Shares in AO World tumble as company warns over customers cancelling warranties

Online electricals retailer AO World has warned that Britons are cancelling repair warranties on their appliances to save money amid rising cost of living pressures. Shares in the company tumbled almost a fifth on Friday ...

29 Apr 2022 at 13:55

City

Frasers Group increases stake in Boohoo to 9.1%

Mike Ashley’s Frasers Group has upped its stake in fashion firm Boohoo in the latest move to boost its holdings in online retail players. The company behind Sports Direct has increased its holding in Boohoo to 9.1% from ...

31 Aug 2023 at 08:10

City

AO World hikes earnings outlook as overhaul pays off

Online electricals retailer AO World has hiked its full-year earnings outlook in spite of falling sales as cost-cutting actions bear fruit. The group revealed it returned to profit in its first half, with pre-tax ...

21 Nov 2023 at 09:22

City

AO cheers ‘clear progress’ as electronics retailer improves profit guidance

Electronics retailer AO World has increased its profit guidance after “clear progress” over the past year. Shares in the London-listed company rose by more than a tenth in early trading on Thursday. It is the ...

28 Mar 2024 at 10:45

City

AO World taps shareholders for £40m in face of cash crunch worries

Online electricals retailer AO World is making an investor cash call to raise about £40 million in the wake of heavy share price falls due to fears over its financial strength. The group said it is launching ...

06 Jul 2022 at 09:05

City

AO World shares dive on cash crunch fears

Online electricals retailer AO World has seen shares plunge amid worries over its financial strength after it emerged a credit insurer cut cover for the firm’s suppliers. The group saw shares fall by more ...

04 Jul 2022 at 15:34

City

AO World shutting German business to focus on UK market

Online electricals retailer AO World has revealed it is to close its German business after eight years to focus on its UK operations. The group said it decided the move is the “best course of action” ...

09 Jun 2022 at 10:15

AO World sees shoppers cut back but spend more on energy-efficient goods

City

AO World ‘confident’ of returning to sales growth after swinging back to profit

Online retailer AO World said cash-strapped consumers were reining in their spending on non-essential electricals, but splashing out on more expensive energy-saving white goods to help cut power ...

05 Jul 2023 at 12:19

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