British home electricals retailer AO shares slide as it gears up for Brexit November 20, 2018 UK online electronics retailer AO World has scraped back some of its losses in the first six months of this year, targeting European profitability despite market challenges. The company's share price tumbled almost 15 per cent in early trading this morning. The figures Overall revenue across the UK and Europe rose almost 10 per cent [...]
O2 cuts ties with Carphone Warehouse as retailer plots store closures April 1, 2020 O2 has cut commercial ties with Carphone Warehouse after the mobile operator refused to accept revamped terms for their partnership. The tie-up, which has been in place for two decades, saw Carphone Warehouse take a commission for its sales of O2 phone contracts in store and online. But the longstanding relationship came to an end [...]
ECB Headwinds, IMF downgrade for Europe – What Can We Expect from 2019? January 25, 2019 This week bankers and leaders around the globe have come together for the World Economic Forum in Davos. A key topic has been what we can expect from 2019 and beyond, in the face of a global slowdown, climate change, the US shutdown, trade wars and Brexit. On top of that, the ECB revealed that [...]
The best cycling gear of 2020: Here’s how to get the most out of your ride February 20, 2020 The storms have passed, the skies are clearing and your excuses for not getting back on your bike are evaporating like so many brown puddles. Whether you’re commuting along cycle superhighways, or just looking to take your bike for a spin through the countryside, here’s our pick of the best (or most interesting) cycling gear [...]
FTSE 100 closes lower as global markets struggle with trade war fears April 6, 2018 The FTSE closed in the red today, as fears of a trade war continued to take their toll on markets around the world and US jobs data disappointed. The FTSE 100 index was down over 15 points at 7,183.64, coming off a low of 7,163.11 earlier in the day. Data on UK productivity this morning [...]
AO World founder John Roberts has stepped down as CEO – here’s who’s replacing him February 22, 2017 John Roberts, the founder of British online electrical retailer AO World, has stepped down as chief executive but will remain on the board. Steve Caunce, the retailer's chief operating officer, will replace Roberts as CEO. Earlier this week, Morgan Stanley downgraded AO World saying its overall growth in the UK will be weak over the next few [...]
AO World share price falls as investors focus on economic storm clouds on horizon despite increase in revenue January 12, 2017 AO World has reported increased sales in the UK as its European revenue grew strongly, but shares fell sharply as it warned of bumpy economic conditions to come. The figures UK ao.com revenues grew by 10.3 per cent year on year. Overall UK revenue increased by a slightly smaller 8.9 per cent, reflecting legacy logistics and [...]
White Christmas, white goods: These are AO World’s best Black Friday deals November 25, 2016 Black Friday isn't just limited to bricks-and-mortar retailers – this year, the online retailers are getting in there too. White goods giant AO World has entered the fray. Whether you're a whizz in the kitchen or would rather relax in front of a giant telly, here are some of its best deals. Read more: Sky [...]
AO World delivers £1.5m in earnings ahead of Black Friday November 22, 2016 UK internet retailer AO World said this morning that it has clocked up earnings of £1.5m, swinging back from a £4.5m loss last year. The figures The company said its group revenues had grown 23 per cent to £324.76m in the six months to 30 September. Read more: Here are the best deals available on Amazon today [...]
White Christmas: Is London to miss out? And will air, road and railways be disrupted? December 16, 2017 Despite temperature gauges plunging into negative territory of late, above average temperatures in the days before Christmas mean snowfall is not likely, forecasters say. From this Thursday (21 December) a drier front is set to sweep across the south of England under cloudy skies. This contrasts with the north of the UK, which has the [...]