Mike Ashley's Frasers eyes up AO World - report
11th Jul 2022 11:24
(Sharecast News) - Mike Ashley's Frasers Group is reportedly considered backing the £40m fundraising launched last week by white goods specialist AO World.
Read moreAO World announces £40m capital raise to bolster balance sheet
6th Jul 2022 08:12
(Sharecast News) - Online electricals retailer AO World has announced plans to raise around £40m through a share placing and primary bid offer to strengthen its balance sheet, increase liquidity back to historic levels and provide the flexibility to capitalise on market opportunities.
Read moreAO World confirms one credit issuer has cut suppliers' cover
4th Jul 2022 14:47
(Sharecast News) - AO World confirmed on Monday that one of the third-party credit insurers serving some of its suppliers "rebased" its cover with respect to the online electricals retailer in May, to reflect post-Covid sales levels, but insisted this would have no effect on its liquidity position.
Read moreAO World said to be facing cash crunch, shares tank
4th Jul 2022 08:30
(Sharecast News) - AO World shares tanked on Monday following a report the online electricals retailer is facing a cash crunch after a leading credit insurer cut cover for suppliers following a deterioration in its finances.
Read moreSunday newspaper round-up: Rolls Royce, Crude oil, AO World
3rd Jul 2022 16:49
(Sharecast News) - Rolls Royce failed to sell its Spanish unit ITP last week as planned, although Spanish regulators are expected to sign off on the transaction in the next few weeks. The engineer's proposed £1.5bn sale of the unit to US private equity outfit, Bain Capital, is a "crucial" part of its recovery plan. Holding up the deal is the Spanish government's desire to bring local investors on board. Talks between officials in Madrid and Bain are ongoing. The delays come even as Rolls Royce is facing a leadership vacuum due to the impending exit of its chief executive officer. - Financial Mail on Sunday
Read moreAO World to close German business, focus on UK
9th Jun 2022 08:15
(Sharecast News) - UK online electricals retailer AO World is closing its German business, the company said on Thursday.
Read moreAO World warns on profits as customers cut back on spending
29th Apr 2022 16:11
(Sharecast News) - Shares in UK online electrical goods seller AO World plunged on Friday after the company issued a profits warning as it faced falling sales and warranty cancellations by customers looking to save cash during the cost of living crisis.
Read moreAO World to review German operations amid rising costs and falling revenues
27th Jan 2022 09:29
(Sharecast News) - Online electricals retailer AO World said on Thursday that it would review its German operations amid rising costs and falling revenues.
Read moreAO World warns profits to be hit by supply chain issues, product shortages
23rd Nov 2021 07:02
(Sharecast News) - Online electrical retailer AO World cut its profit outlook as it warned of product shortages due to supply chain issues and higher costs.
Read moreJefferies takes a fresh look at AO World following 'unscheduled and disappointing' update
1st Oct 2021 12:18
(Sharecast News) - Analysts at Jefferies reiterated their 400.0p target price on shares of AO World on Friday despite stating the firm was just another in a long line of retailers to face "challenging" 2020 comparatives.
Read moreAO World shares plunge as update reveals supply chain pressures
1st Oct 2021 07:03
(Sharecast News) - Shares in online electrical retailer AO World plunged on Friday after the company reported a worse-than-expected rise in first-half revenues and guided for annual profits below expectations.
Read moreJefferies upgrades AO World to 'buy', highlights 'attractive' entry point
12th Jul 2021 11:00
(Sharecast News) - Jefferies upgraded online electricals retailer AO World on Monday to 'buy' from 'hold' as it pointed to an "attractive" entry point into a "structural winner with a huge long-term growth runway" after the shares have fallen 44% year-to-date.
Read moreAO World FY profits, revenues surge thanks to online shift
1st Jul 2021 07:06
(Sharecast News) - Online electricals retailer AO World reported a jump in full-year profits and revenue on Thursday as it continues to benefit from a shift to online shopping since the pandemic.
Read moreAO World FY earnings to meet consensus as revenues surge
15th Apr 2021 07:36
(Sharecast News) - Online electricals retailer AO World said on Thursday that full-year adjusted earnings are set to be in line with market expectations despite Covid-related costs, as revenues surged.
Read moreUK plans online tax and 'excess profits' raid - report
8th Feb 2021 09:18
(Sharecast News) - Shares of AO World, Ocado and Asos and fell on Monday after the government was reported to be considering an online sales tax and a separate raid on "excessive profits" made during the Covid-19 crisis.
Read more