‘Fantasy land’: AO World boss blasts Labour over employment costs Retail The boss of AO World has hit out at the government after it shifted hundreds of jobs to South Africa in a bid to dodge soaring employment costs. John Roberts, chief executive of the electrical retailer, claimed the UK’s political class lives “in an economic fantasy land” and blasted Labour for forcing his company to [...]
AO World: Record earnings after Music Magpie acquisition Retail AO World has reported better-than-expected revenue growth after its acquisition of Music Magpie and an expansion in its membership scheme helped boost the figures. The electrical retailers told markets this morning that life-for-like adjusted profit before tax grew 32 per cent to £45m in the year ended March 31, above the top end of its [...]