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AO World shares soar 30% on profit guidance

Shares of Bolton-based online electrical retailer AO World plc rose about 30% on Tuesday after it issued a trading update and increased its profit guidance for the…


AO World shares rise on profit guidance

Shares of Bolton-based online electrical retailer AO World plc rose about 11% on Tuesday after it published an unscheduled trading update for its third quarter, the three…




AO World revenue falls 6% to £1.55bn

Shares of Bolton-based online electrical retailer AO World plc rose about 13% on Thursday after it announced results for the year to March 31, 2022 — but…




Bolton’s AO World closes German business

Bolton-based online electrical retailer AO World plc announced it will close its German business “based on the continuing deterioration in the outlook for the German business,…



Boohoo and AO among most shorted UK stocks

New analysis from exchange-traded products provider GraniteShares reveals that Manchester-based fashion giant Boohoo and Bolton-based online electrical retailer AO World plc were among the most shorted UK stocks…


Bolton’s AO World reviews German business

Bolton-based online electrical retailer AO World plc has announced a strategic review of its German business and a third quarter trading update for the period ended December…















Westminster in chaos as finance minister quits

Sajid Javid has resigned as the UK Government’s Chancellor of the Exchequer (finance minister) as Prime Minister Boris Johnson’s first big cabinet reshuffle went spectacularly wrong. Bloomberg…






AO World enjoys highest sales month ever

Bolton-based online electrical retailer AO World said on Friday its revenue rose 8.2% in its third quarter, the three months to December 31, 2018. In a…




AO World shares up as revenue hits £797m

Shares of Bolton-based online electrical retailer AO World rose about 5% after it said its revenue for the year ended March 31, 2018, rose 13.6% to £796.8 million. AO…



Revenue up 16.6% at Bolton’s AO World

Bolton-based European online electrical retailer AO World said its group revenue was up 16.6% for the three months to December 31, 2017, year on year. In a trading update for…


AO revenue £368m, but investment leads to loss

Bolton-based online electrical retailer AO World said its revenue rose 13.3% to £368 million in the six months ended September 30, 2017. However, group operating loss was £12 million compared…



AO World shares fall amid loss, UK slowdown

Shares of Bolton-based online electrical retailer AO World fell about 11% after it reported an operating loss of £12 million for the year to March 31 and warned of a “challenging…


AO World raises £50m; revenue to hit £700m

Bolton-based online electrical retailer AO World said it raised £50 million in a placing of 37.73 million shares at 132.5p — representing about 9% of the firm’s share capital. Further, in…


Caunce succeeds CEO Roberts at Bolton’s AO World

Bolton-based online electrical retailer AO World said chief operating officer Steve Caunce would succeed company founder John Roberts as its CEO, effective immediately. Roberts, 43, who founded AO World in 2000 and…







LGIM ups investment in Jigsaw Homes to £125m

Legal & General Investment Management (LGIM) said it has expanded its existing relationship with Greater Manchester affordable housing firm Jigsaw Homes Group following the completion…




University of Manchester hires new leader

The University of Manchester has appointed Professor Duncan Ivison as its next President & Vice-Chancellor. Ivison will formally take up his role on August 1,…



Castore raises £145m as it nears £1bn valuation

Manchester-headquartered sportswear brand Castore has secured £145 million of investment in a funding round led by US investment bank Raine Group. Bloomberg reported that the funding round…







Croda appoints Danuta Gray as chair designate

Croda International, the Snaith, East Yorkshire-based FTSE 100 speciality chemicals giant, said it appointed Danuta Gray as a non-executive director and chair designate. Gray will join…


Drax welcomes UK Government biomass support

North Yorkshire power generator Drax Group said on Thursday it welcomed the UK Government’s support for sustainably sourced biomass and the critical role that Bioenergy…