AO World PLC (LSE:AO.) shares saw some profit-taking ahead of full-year results on Wednesday, though that is not too much of a surprise after a 40%-plus bounce since the start of the year.
Cost cutting has been a theme at the online white good retailer, also the large stake recently taken by Mike Ashley’s Frasers Group.
There’s also some potentially important data in the form of the purchasing managers index (PMI) survey for the services sector, including what revelations there are about inflation and jobs.
Significant announcements
Finals: AO World PLC, Redde Northgate PLC (LSE:REDD), Supreme PLC (AIM:SUP)
AGMs: AdvancedAdvT Ltd (LSE:ADVT), Bonhill Group PLC (LSE:BONH), Burford Capital Ltd, Capital Gearing Trust PLC (LSE:CGT), Eneraqua Technologies PLC (AIM:ETP), i(x) Net Zero PLC
Economic announcements: PMI Composite (UK), PMI Services (UK), MBA Mortgage Applications (US), Factory Orders (US), Crude Oil Inventories (US)