AO World says it's either Austria or The Netherlands next as expansion continues
5th Jul 2015 13:29
AO World is weighing up which country would be the most suitable location for the next stage of its expansion into Europe. The FTSE 250-listed online retailer, which launched in Germany towards the end of last year, is considering either Austria or The Netherlands as the second country in its overse
Read moreWednesday tips round-up: Henderson Group, AO World
3rd Jun 2015 16:52
Shares in fund manager Henderson Group may look primed for a fall, but that may be misleading. True, the bulk of its assets are mainly in equities and fixed income, especially in the UK and US, and it has a large exposure to retail investors. To all of that one might add the stock's current generous
Read moreFTSE 250 movers: Workspace Group and WH Smith surge on strong results
3rd Jun 2015 13:25
Mid-caps tracked the FTSE 100's gains on Wednesday afternoon despite mixed US data, as strength in the construction and engineering sectors buoyed the market. As of 15:30 BST, the FTSE 250 was trading 0.4% higher at 18,294. Workspace Group led the risers after beating full-year forecasts for profit
Read moreLondon close: Stocks lower on mixed messages from Greece
2nd Jun 2015 16:00
London stocks closed slightly lower on Tuesday, as mixed messages from Greece extended investor uncertainty. At close, the FTSE 100 was 0.36% lower at 6,928.27. Reports that Greece's creditors had agreed on proposals circulated early in the afternoon, although Dutch Finance Minister Jeroen Dijsselb
Read moreFTSE 250 movers: AO World plunges, oil and energy stocks higher
2nd Jun 2015 14:01
Mid caps outperformed the FTSE 100 on Tuesday, as miners, engineers and telecommunications offset weakness in real estate and utilities stocks. As of 15:30 BST, the FTSE 250 was trading 0.06% higher at 18,231.5. AO World plunged as the online white goods retailer's final results revealed a £2.9m lo
Read moreAO World's business model 'much to admire' despite loss, says Canaccord
2nd Jun 2015 10:59
White goods retailer AO World reported a full-year £2.9m loss before tax that was largely expected, warning that the UK market remained challenging. The launch of German operations six months ago led to a £8m EBITDA loss from that new division and, combined with £4.2m of investment in European start
Read moreAO World posts mixed final results as Germany impresses but UK challenges remain
2nd Jun 2015 07:33
Final results from online white good retailer AO World revealed a £2.9m loss before tax that was largely expected and said the although the UK market remained challenging it was taking market share. For the year to 31 March, the FTSE 250 company lifted revenues 24% to £476.7m, with website sales in
Read moreFTSE 250 movers: Afren lower on debt-for-equity swap, retailers and health stocks higher
16th Mar 2015 14:11
Afren's share price was extending Friday's losses when the company proposed a debt-for-equity swap with lenders to keep it afloat. The deal will lead to a substantial dilution of shareholders' interests. More broadly, oil stocks tumbled on declining Brent crude prices, with Premier Oil and Nostrum O
Read moreLondon close: FTSE slips from record as Greek uncertainty resurfaces
25th Feb 2015 16:28
Renewed concerns about Greece prompted a retreat from all-time highs on Wednesday as investors scaled back their appetite for risk after a rally the previous session. London's FTSE 100 ended the day down 0.2% at 6,935.38, pulling back after hitting a new record close of 6,949.63 on Tuesday. Recent
Read moreFTSE 250 movers: Petrofac beats analysts' expectations, AO World and Supergroup drop
25th Feb 2015 14:21
Petrofac topped the risers as profits came in above analysts' expectations, albeit towards the bottom of the company's own guidance. Chief executive Ayman Asfari said the company was well positioned to deal with the oil industry's declining prices, as the group ended the year with a record-breaking
Read moreAO World issues "slight" profit warning as UK market proves difficult
25th Feb 2015 08:40
Online white goods retailer AO World has warned that a tougher UK market since Christmas will mean revenues and earnings will be "slightly below" market forecasts as the fanfare around its public listing died down. On the anniversary of its first day of dealings, the FTSE 250 group said achieving th
Read moreLondon midday: UK stocks near three-week high as inflation eases
19th Aug 2014 12:07
- UK inflation drops to four-month low of 1.6% - Housebuilders, retailers on the rise - Imperial impresses with results, BHP falls on demerger plans techMARK 2,802.05 +0.72% FTSE 100 6,766.71 +0.38% FTSE 250 15,903.92 +0.68% UK stocks extended their winning streak into the fifth session on Tuesday
Read moreFTSE 250 movers: Carphone Warehouse, Dixons surge as shareholders approve merger
18th Jul 2014 14:32
Merger partners Carphone Warehouse and Dixons Retail were both gaining around 5% on Friday afternoon after shareholders overwhelmingly voted in favour of the £3.7bn tie-up yesterday. "I'm delighted that shareholders have unequivocally supported the creation of Dixons Carphone," said Sebastien James
Read moreFTSE 250 movers: AO World shares extend drop despite solid Q1
17th Jul 2014 15:27
AO World shares dropped on Thursday after the kitchen appliances retailer despite a seemingly strong first-quarter update with like-for-like sales up 30% as analysts cited concerns about the company launch in Germany later this year. Retail Analyst Nick Bubb said that the expansion into German is
Read moreAO World hikes sales by 30% but shares fall
17th Jul 2014 14:53
Household electrical retailer AO World reported a sales hike but its shares fell as an analyst voiced doubts about expansion into Germany. AO World, which sells televisions, washing machines and other appliances, posted a 30% rise in like-for-like sales in the three months to the end of June. AO s
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