All the updated news related to ao world

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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 morning after the retailer ...

29 Apr 2022 at 13:55

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 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 than 18% at one stage in morning ...

04 Jul 2022 at 15:34

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 a capital raise for new and ...

06 Jul 2022 at 09:05

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

AO World ‘cautiously optimistic’ as cost-cutting boosts profits

AO World has said it is “cautiously optimistic” as the online electricals retailer revealed that moves to slash costs have helped the firm’s profits surpass expectations. Last year, the Bolton-based company closed its loss-making ...

10 Jan 2023 at 08:01

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

AO World hikes earnings outlook again as cost-cutting bears fruit

Online electricals retailer AO World has hiked it annual earnings outlook for the third time in just over three months as it said cost-cutting efforts were paying off. The Bolton-based group said its profitability has seen a ...

28 Feb 2023 at 08:06

City

Frasers snaps up stakes in Boohoo and Currys

The company behind Sports Direct has said that it hopes a new stake in Boohoo can lead to collaborations between the fashion brand and Missguided. Frasers Group said that its new holding in its fellow listed company would ...

20 Jun 2023 at 12:25

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 ...

27 Jan 2022 at 12:26

City

AO World boss warns over price increases to offset £8m Budget blow

The boss of online electricals retailer AO World has become the latest to warn over price rises to offset more than £8 million in extra wage costs due to Budget measures. AO World estimates its wage bill will go up ...

26 Nov 2024 at 09:34

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

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