|Bid||0.00 x 176200|
|Ask||0.00 x 47400|
|Day's Range||106.00 - 109.40|
|52 Week Range||87.50 - 180.00|
|Beta (3Y Monthly)||0.49|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The following are the top stories on the business pages of British newspapers. AO World Plc said it incurred 2.5 million pounds($3.27 million) of extra costs linked to restructuring part of its management team as well as a loss-making contract in its German business, in addition to costs that followed its recent acquisition of Mobile Phones Direct. Unicredit SpA, the Italian bank, has emerged as a possible rival bidder for Commerzbank AG amid signs that a merger with Deutsche Bank, its German rival, faces mounting difficulties.
The FTSE 100 dipped 0.2 percent, well off a six-month high it held in the last two sessions, while the midcaps lost 0.3 percent. Highlighting the brunt of the Brexit-related hit to financial markets, Britain has lost 6.6 billion pounds in economic activity every quarter since it voted to leave the EU, according to S&P Global Ratings. The main index was weighed down by steep losses in financials Lloyds, Direct Line and St James's Place, which traded ex-dividend.
AO World (AO.L), the British online electricals retailer, on Thursday forecast core annual earnings at the lower end of market expectations, which analysts said reflected margin pressure in its German business, sending its shares lower. In January AO founder John Roberts was re-appointed chief executive. Analysts at Jefferies said that was short of its 35 percent estimate, reflecting softer consumer demand for electricals in Germany and a step-up in price competition, meaning AO did not get all the margin gains it was hoping for.
AO World, the British online electricals retailer, on Thursday forecast core annual earnings at the lower end of market expectations, which analysts said reflected margin pressure in its German business, sending its shares lower. In January AO founder John Roberts was re-appointed chief executive. Analysts at Jefferies said that was short of its 35 percent estimate, reflecting softer consumer demand for electricals in Germany and a step-up in price competition, meaning AO did not get all the margin gains it was hoping for.
EDINBURGH (Reuters) - UK online electricals retailer AO World said on Thursday its chief executive Steve Caunce was stepping down, with John Roberts, the founder of the company, reassuming the role. AO, ...
Investors had been bracing for bad news after a major profit warning from ASOS Plc (ASOS.L) last month capped a torrid year for the sector marred by shop closures and bankruptcies. On the high street the run-up to Christmas was marked by discounting while footfalls in shops after Dec. 25 fell compared to previous years. Following are the highlights: Reported on Jan. 17Associated British Foods Plc (ABF.L)The Primark owner said total sales at the fashion chain rose 4 percent at constant currency, though like-for-like sales saw "a modest decline" in the 16 weeks to Jan. 5.
By Muvija M (Reuters) - British blue-chip shares retreated on Friday, singed by a sterling rally on a newspaper report of cabinet ministers saying that Britain would have to delay its European Union exit. ...
LONDON (Reuters) - UK online electricals retailer AO World (AO.L) said on Friday sales growth slowed in its home market in the Christmas quarter, though it maintained its guidance for the full year. AO, ...
Banks in Britain are trying to prepare businesses for a potential cash crunch after Brexit, whether or not a deal agreed by the UK and Brussels this weekend is approved by parliament next month. Banks fear Britain's departure from the European Union could cause a spike in bad loans with corporate clients, if it leads to delays in cross-border shipments and payments or big swings in sterling. State-controlled Royal Bank of Scotland (RBS.L) trebled its "growth fund" for small businesses last month from 1 billion to 3 billion pounds ($3.86 billion), saying it had set aside extra cash to help customers to get through Brexit.
Britain's retailers are hoping Black Friday discounts will get shoppers spending again after a torrid year for much of the sector. A string of store groups have gone out of business or announced shop closures this year as they battle subdued consumer spending, rising labour costs, higher business property taxes, growing online competition and uncertainty over Brexit. Toys R Us UK, Maplin and Poundworld have all gone bust, while Marks & Spencer (MKS.L), Debenhams (DEB.L), Mothercare (MTC.L) and House of Fraser are between them shutting hundreds of stores.
British companies selling everything from washing machines to flights, food and mortgages plan to spend tens of millions of pounds in case the political brinkmanship gripping the country leads to a disorderly Brexit. With barely four months until the world's fifth largest economy leaves the European Union, a raft of major companies set out plans on Tuesday to counter any trade delays and downturns that could stem from a no-deal scenario. Electrocomponents (ECM.L), which stocks more than half a million industrial and electronics products, said it would spend 30 million pounds in the six months to the end of next March to increase its holding of high-turnover goods in Britain and Europe.
UK online electricals retailer AO World (AO.L) reported another first-half loss and slower sales growth, sending its shares tumbling, after Britons reined in spending on fridges and washing machines. Shares in AO, already down 29 percent over the last six months, fell as much as 13 percent on Tuesday after the group reported UK sales growth had slowed to 5.7 percent for its first half to Sept. 30. As UK sales grew 8 percent in the first quarter, the first half figure implied second quarter growth of about 3.4 percent, analysts said.
British online electricals retailer AO World (AO.L) will increase the scale of its mobile phones business after agreeing to buy Mobile Phones Direct (MPD) for an enterprise value of 32.5 million pounds, it said on Friday. MPD is an online-only retailer of mobile phones in the UK, based near Reading, southern England. AO's mobile proposition is currently limited to the sale of handsets only, without airtime or associated services.
AO World plc (LON:AO.) is a small-cap stock with a market capitalization of UK£634m. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they Read More...
LONDON (Reuters) - Online retailer AO World said its first-quarter revenue rose 8 percent in the UK reflecting a strong start to its year in April and May, although it said demand weakened in June. The ...