Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAo World Share News (AO.)

Share Price Information for Ao World (AO.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 106.00
Bid: 105.40
Ask: 106.00
Change: -0.80 (-0.75%)
Spread: 0.60 (0.569%)
Open: 105.60
High: 107.60
Low: 105.00
Prev. Close: 106.80
AO. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Friday preview: US retail sales, consumer confidence in focus

Thu, 13th Apr 2023 11:59

(Sharecast News) - Investors' focus at the end of the week will flip to US activity indicators with the latest retail sales and industrial production figures due out.

At 1330 GMT, the Department of Commerce is expected to announce a 0.4% month-on-month decline in retail sales.

Worth keeping in mind, consumption accounted for roughly 68% of America's nominal gross domestic product at the end of 2022.

Industrial output meanwhile was expected to have increased by 0.3% on the month.

Also scheduled for release were the preliminary results for the University of Michigan's consumer confidence index for April, including the closely followed gauges of inflation expectations derived from the same.

Over on this side of the Pond, the Bank of England's Silvana Tenreyro would deliver a speech at 1700 GMT, followed by the European Central Bank's Joachim Nagel at 1915 GMT.

Fourth quarter results from US banking heavyweights Citigroup, J.P. Morgan and Wells Fargo were likely to dominate the corporate headlines and given the recent crisis in the sector might have clear implications for investors' macro assumptions.

Some analysts based in the City were clearly of a cautious bent going into their latest numbers.

"Tomorrow's bank figures of course will focus on the prospect of any further crisis in the sector, and hints that credit conditions are worsening could also go into the 'bad news is good news' pile (as long as there isn't too much of it)," said IG chief market analyst Chris Beauchamp.

On home shores, AO World was due to publish its fourth quarter results.

As recently as March the electrical goods retailer had upgraded its guidance for the second time year-to-date.

Management said full-year earnings before interest, taxes, depreciation and amortisation were set to rise to between £37.5-45.0m thanks to improving margins.

Friday 14 April

INTERIM DIVIDEND PAYMENT DATE

Abrdn UK Smaller Companies Growth Trust, Craneware, Galliford Try

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Inventories (US) (15:00)

Capacity Utilisation (US) (14:15)

Import and Export Price Indices (US) (13:30)

Industrial Production (US) (14:15)

Retail Sales (US) (13:30)

Retail Sales Less Autos (US) (13:30)

U. of Michigan Confidence (Prelim) (US) (15:00)

Wholesale Price Index (GER) (07:00)

FINALS

888 Holdings (DI), AO World, Flowtech Fluidpower, Lifesafe Holdings

AGMS

Zenith Energy LTD.Com Shs NPV (DI)

TRADING ANNOUNCEMENTS

888 Holdings (DI), CMC Markets, Hays

FINAL DIVIDEND PAYMENT DATE

Chemring Group, IDOX

More News
30 Apr 2024 07:53

LONDON BRIEFING: Prudential APE sales up; Coca-Cola HBC backs outlook

(Alliance News) - London's FTSE 100 is called to open higher on Tuesday, the eve of the next Federal Reserve decision, with a batch of data from the eurozone due in the morning.

Read more
29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
17 Apr 2024 09:38

Canaccord Genuity raises target price on AO World

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on electrical retailer AO World from 52.0p to 75.0p on Wednesday after the group's trading update last week led the broker to adjust its FY24-26 estimates.

Read more
10 Apr 2024 11:56

LONDON MARKET MIDDAY: European stocks get boost ahead of US inflation

(Alliance News) - Stock prices in London were higher at midday on Wednesday, despite some nerves centred around the latest US inflation rate reading, out this afternoon.

Read more
10 Apr 2024 08:30

Shore Capital upgrades AO World to 'buy'

(Sharecast News) - Shore Capital upgraded AO World on Wednesday to 'buy' from 'hold'.

Read more
28 Mar 2024 16:08

London close: Stocks finish firmer ahead of Easter break

(Sharecast News) - London's equity markets closed higher on Thursday ahead of the Easter break, despite lingering concerns over the UK's recessionary status in the latter part of last year.

Read more
28 Mar 2024 11:55

LONDON MARKET MIDDAY: Stocks up as JD Sports surges, water firms down

(Alliance News) - Stock prices in London were up at midday on Thursday, shaking off some hawkish words from a US central banker and fresh number reiterating the UK entered a recession at the end of 2023.

Read more
28 Mar 2024 09:41

TOP NEWS: AO World lifts profit guidance as hails "clear progress"

(Alliance News) - AO World PLC on Thursday lifted its yearly outlook, with its move to focus on "profit and cash generation" paying off.

Read more
28 Mar 2024 09:35

LONDON BROKER RATINGS: Aviva and L&G cut; mixed calls on Diploma

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
28 Mar 2024 07:56

AO World sees FY profit 'at least' at top end of guidance

(Sharecast News) - Electrical retailer AO World said on Thursday that FY24 adjusted pre-tax profit was set to be "at least" at the top end of the guided range of £28m to £33m.

Read more
8 Mar 2024 12:58

DIRECTOR DEALINGS: AO World non-exec director invests GBP600,000

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and Friday and not separately reported by Alliance News:

Read more
15 Feb 2024 08:13

AO World buys IP rights from mobile phone retailer A1 Comms for £2.2m

(Sharecast News) - AO World jumped on Thursday, having announced after the close of markets on Thursday that it had the bought intellectual property rights of mobile phone retailer A1 Comms from administration for £2.2m in cash.

Read more
14 Feb 2024 17:16

IN BRIEF: AO World buys assets of A1 Comms for GBP2.2 million

AO World PLC - Bolton, England-based electrical retailer - Buys certain assets of A1 Comms Ltd, principally the intellectual property rights in and to the websites www.affordablemobiles.co.uk and www.buymobiles.net. The consideration for these assets was GBP2.2 million.

Read more
18 Jan 2024 09:57

IN BRIEF: Frasers raises stake in online rival boohoo to 21%

boohoo Group PLC - Manchester-based online fashion retailer - Frasers Group PLC raises its share holding in boohoo to 21.5% as of Wednesday from 17.2%. Frasers is the Shirebrook, England-based owner of the House of Fraser, Sports Direct and Flannels retail chains. Its holding in its smaller peer first passed the disclosure threshold of 5% in June last year, and it has increased this steadily since. Frasers, founded and still controlled by Mike Ashley, also has stakes in retailers AO World PLC at 23.1%, Asos PLC at 25.0%, and Currys PLC at 11.2%.

Read more
27 Dec 2023 17:02

LONDON MARKET CLOSE: Stocks start week higher as 2024 draws to close

(Alliance News) - Equities in London kicked off an abbreviated trading week with gains on Wednesday, on continued US interest rate optimism at the end of 2024.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.