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The Latest Breaking News from AO World

Mike Ashley’s Frasers Group takes 19% stake in AO World

Move to buy £75m of shares in UK’s biggest seller of large domestic appliances

The Guardian - UK

John Roberts net worth | Evening Standard Tech Rich List

Like many successful businesspeople, Roberts did not make the grade at school and failed his A-levels in mathematics, geography, and economics.

Evening Standard

AO World says consumer market doing better than expected

Electricals retailer says cost-cutting efforts are seeing 'positive traction'

Birmingham Post

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FTSE 100 Live: ‘Storm clouds on the horizon’, JPMorgan boss warns; shares close up 0.4%

Blue-chip shares have continued their recent progress after the FTSE 100 index posted its fourth successive weekly gain on Friday.

Evening Standard

FTSE 100 Live: Ocado posts big loss, AO World upgrades earnings guidance

Education publisher Pearson today said it beat expectations in 2022 after an 11% rise in underlying operating profits to £456 million.

Evening Standard

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

The online electricals retailer upgraded its profit guidance despite another decline in sales for the latest quarter.

The Independent UK

FTSE 100 Live: Virgin Orbit shares tank, Amazon to shut UK warehouses

Profits at JD Sports Fashion and Sainsbury’s are set to be near the top end of expectations after the retail pair delivered robust trading updates today.

Evening Standard

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UK retailer AO World reports bigger losses amid living costs crisis

Online electrical store is cutting costs but faces ‘tough environment’ and supply chain problems

The Guardian - UK

AO reports losses of £12million due to cost of living and supply problems

Revenues have fallen 17%

Wales Online

AO World slides to loss over higher labour costs and cost-of-living pressure

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 previous year.

Birmingham Post

AO crashes as City frets over cash flow rumours

Market report: FTSE up smartly on rare good day for stocks

Evening Standard

Boots is up for sale to the highest bidder, but where are they all?

UK retailer offers revamped stores and big online presence, but potential buyers see tired shops and threat of beauty rivals

The Guardian - UK

AO World crashes as cost of living crisis prompts warning on profits

AO said it could face a ‘material’ hit to profits this year as it delivered lower than expected profits and sales for the 12 months just ended

Evening Standard

AO World set for European retreat with ‘strategic review’ of German business

AO World launched in Germany in 2014 but has struggled to make it work. Analysts say a retreat is now likely, following an exit from its Dutch business in 2019

Evening Standard

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