Electrical supplier AO World snaps up Musicmagpie in near-£10m deal October 2, 2024 London-listed online retailer Musicmagpie will be snapped up by AO World as the electrical supplier looks to enhance its presence in consumer tech.
Mike Ashley’s Frasers Group lowers stake in AO World July 8, 2024 Mike Ashley's retail empire Frasers Group has lowered its stake in white goods giant AO World.
Electrical supplier AO World sees profit skyrocket June 26, 2024 Shares in AO World have jumped after the white goods electrical supplier revealed its profit had surged during its latest financial year.
Currys and AO World to shed light on consumer demand for home upgrades June 21, 2024 Investors will get a glimpse into whether consumers are loosening their budgets and upgrading their homes when AO World and Currys report on their yearly profits.
AO World poised to reach top range of guidance as revenue grows March 28, 2024 Electrical retailer AO World expects profit for the year to be at the top range of its previously guided forecast.
AO saves more than 70 jobs at mobile phone retailer which entered administration February 15, 2024 AO has saved more than 70 jobs after acquiring certain assets from a mobile phone retailer in administration.
Mike Ashley’s Frasers Group strengthens grip on AO as it increases stake again February 13, 2024 Mike Ashley's Frasers Group now owns almost a quarter of electricals seller AO after the retail giant further upped its stake.
Frasers Group: What Mike Ashley’s retail empire’s endgame could be after Boohoo, Asos, Currys, AO and N Brown investments January 19, 2024 City AM's UK Editor Jon Robinson asks why Frasers Group has continued increasing its stakes in the likes of Boohoo and Asos and what the endgame could be.
AO World raises guidance again as it returns to profit despite falling revenues November 21, 2023 Electrical retailer AO World has raised its profit guidance despite revealing a fall in revenue, according to a trading update published this morning. The online group, which calls Frasers Group its largest shareholder, said a decision to stamp out unprofitable sales led to a 12 per cent dip in revenue during the interim. But adjusted [...]
AO World swings back to profit thanks to reduced costs while revenue down 17 per cent July 5, 2023 AO World swung back into profit on reduced costs and better margins as the firm said it made a 17 per cent loss in revenue in its annual results. The white goods retailer said revenue decreased by 16.8 per cent to £1.1bn compared to £1.3bn in the same period last year ending 31 March, as [...]