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Pin to quick picksAo World Share News (AO.)

Share Price Information for Ao World (AO.)

London Stock Exchange
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Share Price: 109.80
Bid: 109.20
Ask: 109.60
Change: 1.20 (1.10%)
Spread: 0.40 (0.366%)
Open: 109.00
High: 110.00
Low: 105.80
Prev. Close: 108.60
AO. Live PriceLast checked at -

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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
28 Jun 2023 15:45

UK earnings, trading statements calendar - next 7 days

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Adnams PLCTrading Statement
Angus Energy PLCHalf Year Results
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PetroNeft Resources PLCFull Year Results
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Monday 3 July 
Porvair PLCHalf Year Results
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ActiveOps PLCFull Year Results
Augmentum Fintech PLCFull Year Results
Cairn Homes PLCTrading Statement
Duke Royalty LtdFull Year Results
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Mercia Asset Management PLCFull Year Results
Solid State PLCFull Year Results
WANdisco PLCFull Year Results
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AO World PLCFull Year Results
Redde Northgate PLCFull Year Results
Rockwood Strategic PLCTrading Statement
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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26 Jun 2023 12:20

Frasers Group lifts stakes in AO World, Currys

(Sharecast News) - Mike Ashley's Frasers Group has increased its stake in electrical retailer AO World for a third time to more than 22% and also lifted its stake in rival Currys, according to stock exchange filings on Monday,

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22 Jun 2023 10:34

Shore Capital cuts rating on AO World

(Sharecast News) - Shore Capital has cut its recommendation on AO World to 'hold', after a rally in the share price.

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22 Jun 2023 09:50

SMALL-CAP WINNERS & LOSERS: AO World down as Shore downgrades stock

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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22 Jun 2023 07:35

Broker tips: AO World, JTC

(Sharecast News) - Shore Capital has cut its recommendation on AO World to 'hold', after a rally in the share price.

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21 Jun 2023 17:18

London stocks fall after inflation data shock, homebuilders slump

UK's stubborn inflation fails to fall in May

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20 Jun 2023 16:55

LONDON MARKET CLOSE: Stocks lower with eyes on UK inflation numbers

(Alliance News) - Stocks in London closed in the red on Tuesday, with market nerves frayed ahead of the release of key UK inflation data on Wednesday morning.

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20 Jun 2023 11:36

UPDATE: Frasers says boohoo, Currys stake buys part of growth strategy

(Alliance News) - Frasers Group PLC on Tuesday said it its acquisition of stakes in boohoo Group PLC and Currys PLC are part of a wider strategy of taking up "supportive shareholder positions in attractive retail companies".

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20 Jun 2023 10:53

Frasers snaps up Currys and boohoo stakes to add to AO World and Asos

(Alliance News) - Frasers Group PLC, having already dipped into fast fashion and electrical goods with stakes in Asos PLC and AO World PLC, continued its shopping spree in recent days.

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20 Jun 2023 09:58

TOP NEWS: Frasers shopping spree goes on as buys boohoo, Currys stakes

(Alliance News) - Frasers Group PLC continued its streak of buying up shares in UK retail outfits, with a regulatory filing showing it has taken up a position in online fashion firm boohoo group PLC.

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16 Jun 2023 12:11

LONDON MARKET MIDDAY: Shares firm and sterling continues to ride high

(Alliance News) - Stock prices in London were higher at midday on Friday, with equity markets on the front foot at the conclusion of a week dominated by central bank decisions.

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16 Jun 2023 11:57

Frasers lifts AO Wold stake to 21%

(Sharecast News) - Mike Ashley's Frasers Group has lifted its stake in AO World just days after announcing a strategic tie-up with the online electrical retailer.

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16 Jun 2023 09:50

SMALL-CAP WINNERS & LOSERS: Mears says profit to exceed expectations

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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16 Jun 2023 08:49

IN BRIEF: Frasers ups stake in AO World to 21% from 19%

Frasers Group PLC - Shirebrook, England-based owner of the House of Fraser, Sports Direct and Flannels retail chains - Increases stake in AO World PLC, an online electricals retailer, to 21% on Thursday, from 19%. Frasers last week Friday bought a 19% stake, from none before.

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12 Jun 2023 16:58

LONDON MARKET CLOSE: Stocks climb before Fed but oil prices suffer

(Alliance News) - European equities pushed higher in anticipation of a US inflation ease and a Federal Reserve rate hike pause, though a slump in crude prices hurt oil majors.

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