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 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