AO World closes loss-making operations in the Netherlands November 19, 2019 Online white goods retailer AO World has announced the closure of its business in the Netherlands, as the group reported an operating loss of £10.6m for the first half. Chief executive John Roberts said the closure of the retailer’s Dutch operations was part of its “relentless focus to accelerate profitability in Europe” and would allow [...]
AO World spends £15m on Brexit stockpiling as founder returns as CEO April 4, 2019 Electrical retailer AO World today warned investors it expects to take a £2.5m hit this year as it shakes up its management team in the wake of John Roberts’ return as chief executive. Read more: AO World’s chief executive departs with founder returning to the role The exceptional costs for the 12 months to the [...]
Let’s go: AO World’s chief executive departs with founder returning to the role January 31, 2019 Electrical retailer AO World said today that its chief executive Steve Caunce is stepping down as chief executive and from the board with immediate effect. He is being replaced by the company’s founder John Roberts who was chief executive until February 2017 when he was replaced by Caunce. The company said that Caunce had “decided to [...]
ECB Headwinds, IMF downgrade for Europe – What Can We Expect from 2019? January 25, 2019 | City Talk 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 [...]
White goods retailer AO World sees rise in sales thanks to Black Friday boost January 11, 2019 Online retailer AO World defied Christmas woes to post a rise in revenue in the third quarter, boosted by strong Black Friday trading. The white goods specialist said UK sales grew 4.4 per cent in the three months to the end of December, while overall group revenue was up 8.2 per cent. But the firm [...]
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 [...]
AO World share price soars as it plugs into turnaround July 21, 2015 AO World's share price leapt five per cent as markets opened this morning, as it appears to be plugged into a turnaround, with the group reporting growth amid a challenging trading environment. The figures: Earlier in the year AO World had forecast “muted” growth for its UK business over the first quarter. In the end, [...]
AO World share price crushed as retailer misses expectations with £2.2m annual loss June 2, 2015 The figures Online retailer AO World missed expectations in its first full year as a listed company, sending its share price down by more than six per cent. The online home appliance retailer delivered an annual loss of £2.2m, despite growing revenue by 23.8 per cent to £476.7m, from £384.9m last year. Read more: AO World [...]
AO World share price dips as much as eight per cent after chairman Richard Rose sells down stake for £10m March 16, 2015 AO World said non-executive chairman Richard Rose sold nearly all of his stake in the company for £10m, nonetheless it was stressed that he remains committed to the company. The white goods etailer, which floated on the London Stock Exchange a year ago, said Rose sold 1.3 per cent of its outstanding shares at a [...]
AO World share price falls 10 per cent to below IPO price February 13, 2015 Shares in online white goods retailer AO World fell more than 10 per cent to 268.3p in early afternoon trading, after a broker set a "sell" rating on its stock. In a note, Panmure Gordon urged investors to "capitalise on the unjustified level of price appreciation over the last quarter". This is a high quality [...]