Company
AO World PLC
LON:AO.
Re-defining retailing through a devotion to happiness and amazing customer service.AO isn’t a normal company. We like to push boundaries and do things differently.We’re on a mission to become a leading European online retailer of electrical products. We also want to change the world of retail and be at the forefront of online retail innovation.
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FTSE 100 Live: Stocks hit as BoE's Bailey highlights inflation dangers
At the close, London's blue-chip index was down 14.37 points, 0.2%, at 7,481.99 while the FTSE 250 was down 251.42 points, 1.4%, at 18,347.63
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FTSE 100 finishes deep in the red as US dollar gains strength ahead of Fed minutes
London's main index was deep in the red at the close, losing 78 points to finish at 7,442 for a 1% loss on the day
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FTSE 100 closes above 7,600; tech stocks drive US gains
The FTSE 100 enjoyed another day of strong gains, closing 0.7% higher at 7,620
AO World shares surge as fortunes take a turn for the better
A decision to exit the German market where it was struggling to focus on more profitable areas of the business appears to be paying off with management in a more upbeat mood for the full year forecasting earnings at the top end of expectati
AO World forecasts top-end EBITDA despite increased half-year losses
The online electrical retailer also said the closure of its German operation would have a minimal cash impact with total cash costs now expected to be around zero against an original estimate of up to £15mln.
AO World looking to bounce back after bleak year
This tone of the update will be important, said one analyst, as well as what the retailer says about Black Friday offers
AO tops Cine in the battle of the lost worlds
A positive note from Jefferies suggests there may still be hidden value in the firm
AO World swings into a loss after 'turbulent' year and predicts challenges ahead
“The past 12 months has been a turbulent time for business and for retail in particular, and AO hasn't been immune,” said CEO John Roberts
Investments and investor services
AO World raises £40mln to avert credit insurance squeeze
Yesterday the online retailer aimed to reassure investors that its financial performance and position remained in line with management expectations
AO World to close down German business
The business will continue to trade for a brief period to facilitate a structured and orderly closure for its customers, suppliers and employees
AO World warns on profit as inflation and supply chain woes continue to hurt demand
The company forecast a 6% decline in revenue for the year to end-March 2022
AO World shares edge higher as billionaire financiers indulge in long-short tug of war
According to the Financial Conduct Authority’s daily short positions report, AO World is currently the fifth most shorted stock in London
AO World could shrink to exclude Germany
The attempt to repeat its success in Germany has not gone well
AO World: is it all washed up?
A year ago, we were asking whether AO World is overvalued at around four quid. Today, we are NOT asking whether it is undervalued at around a pound.
AO World plunges as profits hit by delivery driver shortage and supply chain issues
"Our results over this period have inevitably been affected by the constraints and uncertainty seen across our industry," said boss John Roberts
AO World tops the list of the FTSE 350's most undervalued companies
It has been three months since Proactive last trawled through broker notes to see which stocks are ostensibly most undervalued. This time, we focus on FTSE 350 stocks.
AO World warns of supply chain hitches and challenging markets in UK and Germany
Back in summer, management had been confident of hitting double-digit growth rates and coming through the tough comparatives of the initial lockdown
AO World has compelling long-term growth story, says Jefferies
The broker also said they saw the white goods retailer's current share price as “an attractive entry into a structural winner with a huge long-term growth runway”
AO World plans investment to boost operations and gain market share
The online retailer has delivered strong results in the year to March
AO World claims 'step-change in profitability'
"The direction of travel is firmly with AO and the business model we have spent more than 20 years building," said John Roberts, the founder and CEO of AO World
New right to repair rules will save consumers £75 per year says government
Right to repair law will also see energy efficiency ratings tightened
AO World boasts strongest ever peak trading between Black Friday, Christmas
The online retailer has also incurred in higher costs but working from home trends are expected to remain a tailwind
AO World - back above 400p and back to being overvalued again?
After a fantastic year, the AO World share price has run into some profit taking.
AO World expects permanent change to market as it swings to interim profit
Founder and chief executive John Roberts said that online is now the dominant channel for customers and manufacturers
AO World forecasts revenue jump in first half as pandemic accelerates shift to online shopping
The electricals and white goods retailer said sales momentum in the UK continued throughout its second quarter despite the reopening of competitor outlets, indicating what it believes is a “lasting step change in online penetration”
AO World's sales soar as retailer cites structural shift in shopping
UK revenues in the four months to July 31, 2020, jumped by 58.9% to £401.3mln
AO World caps directors payout at £20mln in new staff bonus scheme
To hit the trigger would require the price to rise by 30% a year from here to 523p
AO World cautious over lockdown impact as shoppers switch online
“Covid-19 has accelerated a shift in customer behaviour towards online shopping and we now need to cement that change”
AO World rises as lockdown boosts demand for home electronics
In a trading update, the group said its market share had expanded since the lockdown came into force in late March
AO World closes Dutch business to focus on Germany
The online electrical retailer will retain presence in the UK, its main market, and Germany, where it is working on plans to generate £210mln annual revenue
AO World shares shrink to 'fair value' for ShoreCap after recent tumble
The broker upgraded its recommendation for AO to ‘hold’ from ‘sell’, having previously felt the retailer's share price was "too far ahead of events"
AO World remains in the red despite new mobiles addition
Losses lingered as AO struggled to make progress on European product margins and saw cost pressures from driver issues in Germany
Investments and investor services
FTSE 100 closes up as Wall Street shares surge as Fed chair settles investor nerves
Fed chair Jerome Powell also settled nerves by saying that the central bank could cut interest rates if necessary
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Investors in AO World will be hoping all the bad news has already come out in the wash
The Day Ahead will otherwise be fairly quiet on the corporate news front, so attention will remain on President Trump's state visit and the latest UK construction PMI survey
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US jobs data, ECB policy decision to make for up meagre flow of corporate news in coming week
Asides from the macro news, the Week Ahead also brings the latest quarterly FTSE indexes reshuffle, a strategy update from insurer Aviva, and results from Auto Trader
AO World falters as it warns founder’s recent return will see it swing to a loss this year
John Roberts has restructured the management team, which, along with an onerous contract in Germany, will cost AO £2.5mln this year
AO World shocks with news founder John Roberts to resume CEO role as Steve Caunce steps down
The online electricals retailer said Caunce would remain involved in the business on a part-time basis, but had decided to take a step back for a better work-life balance
Investments and investor services
Lighthouse Group succumbs to profit taking
A look at the day's major movers, including Bidstack, NAHL, Flybe, Stobart Group and AO World
AO World surges as it reaffirms full year guidance after Black Friday boosts November sales to highest ever
In a trading update for the third quarter, the electricals and white goods retailer reported group revenues had risen 8.2%, with UK and Europe revenues rising by 4.4% and 31.3% respectively
Investments and investor services
FTSE 100 closes in red but nudges higher on the week; housebuilders gain on day
The UK blue-chip benchmark closed down around 24 points at 6,918, while FTSE 250 added nearly 107 points on the day
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Moss Bros to wrap up busy week of Christmas trading updates from high street retailers
The day includes trading updates from retailers Moss Bros and AO World, plus UK gross domestic product data and US inflation figures
AO World sinks as it reports first half loss amid “tougher than expected” UK appliance sales
The electricals retailer reported an underlying loss for the period of £5.4mln, narrower than the £6.3mln a loss a year ago, while revenues grew 9.9% to £404.2mln
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FTSE 100 closes firmly lower, joining global indices, as traders shun risk
If you are long blue-chip equities, the trend has not been your friend today
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Schadenfreude to boost full-year results from budget airline easyJet after recent misfortunes of rivals
The Day Ahead also includes updates from blue-chip contract caterer Compass Group, and second line players such as challenger bank CYBG and online electrical appliances retailer AO World
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UK investors will have plenty of updates to chew over in the coming week as turkeys are prepared for US Thanksgiving
Aside from the inevitable Brexit drama, the Week Ahead will be dominated by another batch of corporate updates from the likes of Kingfisher, Centrica, easyJet, and Compass Group
AO World slips as it acquires Mobile Phones Direct but says full year trading will be “more second half weighted”
The retailer said it would acquire MPD for a total consideration of around £38.1mln in a move it said would significantly increase the scale and sophistication of its mobile offering
Tritax Big Box REIT eyes further acquisitions as profit jumps by a third
The investor said it was well positioned to take advantage of the changing dynamics in the logistics and e-commerce markets
AO World says UK revenue up 8% in first-quarter, although core markets saw slower performance in June
The online domestic appliances retailer said it remained “on track to deliver its long-term strategic plan and the Board's expectations for the full year remain unchanged”
Investments and investor services
FTSE 100 closes marginally higher but European peers and US stocks lag
Footsie closed up around seven points, or 0.10% at 7,683 on Thursday
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Sports Direct to deliver improved annual results as investors hope for World Cup boost
The day ahead includes full year results from Sports Direct, a first quarter trading update from SSE and UK retail sales data
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Week ahead: Investors hope Royal Mail delivers the goods and Unilever meets targets
The week ahead includes updates from Royal Mail, Unilever, Sports Direct, Rio Tinto and Anglo American along with official UK data on jobs, inflation and retail sales
Imaginatik shares collapse as it ends sale process
A look at some of the biggest risers and fallers in London on Tuesday
AO World posts double-digit sales growth for year just gone but remains “cautious” on outlook
AO isn’t the only UK retailer struggling in its home market at the moment, Carpetright, Topps Tiles and Dunelm have all posted weaker updates in recent weeks
FTSE 100 closes in the red; Carnival cruises to the bottom of the pile
The UK's index of leading shares finished down around 54 points at 7,686 on Tuesday.
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Online retail march to the fore with results due from AO World and Quiz
The day-ahead includes full-year numbers from online electricals retailer AO World and omni-channel fast fashion womenswear brand Quiz PLC, as well as the latest UK services sector PMI
Investments and investor services
FTSE 100 holds onto gains as M&A boosts sentiment
In the currency market, sterling was down 0.48% against the Euro, while it lost 0.28% against the US dollar.
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It's the scrag-end of the corporate reporting season, but an update from WH Smith could excite
Aside from a trading update from WH Smith, the Week Ahead will also bring full-year results from the likes of AO World, CMC Markets, Auto Trader, and MITIE Group
AO World says Europe business has reached inflection point
Sales in Europe rose by 55% and AO remains on track to meet the targets set for 2021,
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EasyJet to report lower full year profits amid tough competition and higher costs
The day ahead includes full year results from EasyJet and a trading update from Kingfisher
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Week ahead: UK Budget, EasyJet, Kingfisher, Mothercare, William Hill, United Utilities
The week ahead centres on the Autumn Budget but also sees updates from EasyJet, William Hill, Kingfisher, United Utilities, Mothercare and Fuller Smith & Turner
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Unilever results to illustrate strategy review boosts; investors looking for Vodafone improvements
Week Ahead: Unilever PLC, Vodafone PLC, easyJet PLC, Sports Direct PLC, Royal Mail Group PLC ...
FTSE 100 closes lower as Britain heads to the polls
The blue chip FTSE 100 index closed 28 points down at 7,449
AO World's shares slide as it warns on first quarter trading and reports wider full year loss
AO World's sales slowed in the second half as the Brexit vote pushed inflation higher, putting a squeeze on disposable incomes
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British Airways owner IAG reports trading update with cost of IT meltdown in focus
IAG posts a trading update while the markets are expected to be volatile as the general election draws closer
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It's all (about) the election stupid
Election to dominate as polls suggest a turbulent week ahead while cancer forum will put spotlight on pharma
Online electricals retailer AO World unveils £50mln cash call, says full-year trading in line
AO said brokers Jefferies International and Numis Securities had placed just under 37.8mln new shares, representing around 9% of the company after an accelerated book-build at 132.5p each
AO World's European struggles provoke Morgan Stanley downgrade
The target price comes down to 135p from 170p and the rating to underweight from equal.
AO World's shares fall as growth disappoints
Third quarter to December numbers showed revenues up by 12.3% year-on-year
Edenville fired up by start of coal production at Rukwa
Edenville is now confident there is a market for its coal
FTSE 100 shares hit 11th successive record high as sterling dips
FTSE 100 shares did it again on Thursday – the 11th successive record high close – as turbulence in sterling finally gave in to a further steady decline and helped push stocks higher. All except retailers, that is
Day ahead: Christmas retail merry-go-round continues with M&S, Primark-owner AB Foods, and Tesco
After Next kicked off the sector Christmas updates with a profit warning last week, shareholders should be more nervous on what M&S and Primark will deliver.
Week ahead: Blizzard of trading updates to show the icy front on UK high streets
Given Next’s disappointing update this week, news from Marks and Spencer and Primark-owner Associated British Foods could send the most shivers through the sector.
AO World gets mild shock as Morgan Stanley makes some cautious comments
Morgan Stanley initiated coverage on the stock with an ‘equal-weight’ rating and a price target of 170p, 8% below last night’s closing share price.
FTSE 100 shares taken higher by Sky
FTSE 100 shares closed higher on Friday, after Wall Street recorded another set of record high indices and it was announced just before closing time that 21st Century Fox plans to take over UK broadcaster Sky PLC
AO swings back from the red as Black Friday looms
Adjusted underlying earnings were up to £1.5mln for the first half, after it posted a loss of £4.5mln in the same period a year earlier