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,
Company
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.
120 stories · page 5 of 6
Sales in Europe rose by 55% and AO remains on track to meet the targets set for 2021,
Archive
The day ahead includes full year results from EasyJet and a trading update from Kingfisher
Archive
The week ahead centres on the Autumn Budget but also sees updates from EasyJet, William Hill, Kingfisher, United Utilities, Mothercare and Fuller Smith & Turner
Archive
Week Ahead: Unilever PLC, Vodafone PLC, easyJet PLC, Sports Direct PLC, Royal Mail Group PLC ...
The blue chip FTSE 100 index closed 28 points down at 7,449
AO World's sales slowed in the second half as the Brexit vote pushed inflation higher, putting a squeeze on disposable incomes
Archive
IAG posts a trading update while the markets are expected to be volatile as the general election draws closer
Archive
Election to dominate as polls suggest a turbulent week ahead while cancer forum will put spotlight on pharma
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
The target price comes down to 135p from 170p and the rating to underweight from equal.
Third quarter to December numbers showed revenues up by 12.3% year-on-year
Edenville is now confident there is a market for its coal
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
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.
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.
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 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
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
Investments and investor services
UK stocks ended flat on Wednesday as jitters ahead of the Federal reserve’s rate decision set in
London shares closed lower on Thursday, driven south by textiles and fashion stocks who were the biggest casualty of weaker-than-forecast retail sales data, as well as low-flying airline stocks after easyJet shares fell