Thursday broker round-up
9th Jun 2016 16:34
(ShareCast News) - Fevertree Drinks: Berenberg upgrades to buy with a target price of 810p. AO World: JP Morgan keeps at neutral with a 200p target. WH Smith: JP Morgan stays at overweight with a target price of 1850p. Lancashire Holdings: UBS keeps at neutral with a target of 610p. Admiral Group
Read moreAO World's full year losses widen but revenue grows
8th Jun 2016 07:49
(ShareCast News) - Online electrical retailer AO World reported on Wednesday a 25.7% increase in full year revenue to £599.2, driven by growth in the UK business. However, as previously guided, the group posted an operating loss of £10.6m, compared to £2.2m the previous year, reflecting investment
Read moreAO World highlights strong fourth quarter amid market share gains
31st Mar 2016 07:44
(ShareCast News) - AO World surged on Thursday after the online electrical goods retailer said it enjoyed a better fourth quarter than it expected. In a pre-close trading update for the 12 months to the end of March, the company said its UK business performed strongly in the fourth quarter, with rev
Read moreAO World's chairman Richard Rose steps down
3rd Mar 2016 12:33
(ShareCast News) - AO World's non-executive chairman Richard Rose has decided to step down from the online retailer after eight years, the company announced on Thursday. Rose will leave the board once a successor has been appointed, which is expected to be announced by the 2016 annual general meetin
Read moreAO World posts rise in third quarter sales
12th Jan 2016 07:42
(ShareCast News) - Online white goods retailer AO World posted a rise in third quarter revenue and said its group performance remains in line with expectations. In a trading update for the three months to December, AO said revenue from its website was up 35% year-on-year, with total UK revenue 24% h
Read moreFTSE 250 movers: Home Retail surges as Sainsbury's indicates another takeover offer
5th Jan 2016 14:31
(ShareCast News) - The FTSE 250 was in the black by mid-afternoon Tuesday, up 60.04 points (0.35%) to 17,182.19. Home Retail Group surged after Sainsbury's revealed it is still considering making a takeover offer for Home Retail after a November approach for the FTSE 250 retail group was rejected.
Read moreAO World surges as Ruane, Cunniff & Goldfarb takes 5% stake
7th Dec 2015 10:11
(ShareCast News) - Shares in AO World surged on Monday after the online electrical appliance retailer said fund manager Ruane, Cunniff & Goldfarb has taken a 5% stake in the business. The investment firm, which runs the Sequoia Fund, took a 5.4% interest in AO last week. Late last month, AO World sa
Read moreAsda pulls out of Black Friday and others may follow
10th Nov 2015 14:47
(ShareCast News) - With the retail sector already being affected by the looming discount phenomenon of Black Friday, Asda has confirmed it will "step away" from taking part, despite having UK introduced the event two years ago. Asda, whose parent Walmart is a big Black Friday player in the US, said
Read moreLondon open: Stocks gain despite hawkish Fed remarks
21st Sep 2015 09:22
(ShareCast News) - Stocks recovered after opening in the red, despite rather hawkish comments over the weekend from at least two top-ranking officials at the US Federal Reserve. Speaking on Saturday, the president of the San Francisco Fed, John Williams, said he believes it remains appropriate to ra
Read moreAO World sees annualised second-quarter revenue up by a fifth
21st Sep 2015 07:30
(ShareCast News) - Online white goods retailer AO World said it's on track to deliver on its long-term strategic objectives and expects overall revenue for the quarter ended September to grow by 20% to 21% year-on-year, driven by AO.com sales of over 30%. In a trading update ahead of its interim res
Read moreAO World promotes Mark Higgins to chief financial officer
31st Jul 2015 10:39
(ShareCast News) - Online domestic appliances retailer AO World has appointed Mark Higgins as chief financial officer and executive director with effect from 1 August. Steve Caunce, who has held the combined role of chief operating officer and CFO, will remain on the board as COO. Higgins, who is a
Read moreFTSE 250 movers: IG Group buffeted by currency headwinds, miners rebound
21st Jul 2015 14:07
(ShareCast News) - Mid-caps were subdued on Tuesday as strong performances from oil, insurance and technology stocks were offset by losses in the telecommunications, utilities and construction sectors. As of 14:30 BST, the FTSE 250 was trading flat at 17,790. IG Group topped the fallers after repor
Read moreLondon midday: Morgan Stanley calls time on UK-focused stocks
21st Jul 2015 12:49
(ShareCast News) - Investors were keeping their powder dry ahead of a raft of earnings reports from several US tech heavyweights due out after the close on Tuesday while pondering their next move after the bounce seen in stocks over the past fortnight. With expectations building for interest rate hi
Read moreAO World shares surge on UK revenue growth
21st Jul 2015 09:14
(ShareCast News) - Shares in AO World surged following a pre-AGM update when the company said its first quarter growth would be 'muted'. Shares in the appliance maker were up 8.35% to 129.70p at 0840 BST. AO World said its main UK business reported revenue for the quarter ended 30 June was up 6.5%
Read moreSunday newspaper round-up: Energy and financial regulators, Sainsbury's and Supergroup
5th Jul 2015 16:03
The Big Six energy firms are expected to escape demands for a major break-up when the Competition and Markets Authority (CMA) this week announces the results of its lengthy review into competition in the industry. The competition regulator is expected to say that the vertical integration structure u
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