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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

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12 Jun 2023 10:45

Frasers spots another "bargain" as buys into AO World

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TOP NEWS: Frasers buys 19% stake in electricals retailer AO World

(Alliance news) - High street retailer Frasers Group PLC on Monday said it bought a strategic stake in online electricals retailer AO World PLC.

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12 Jun 2023 07:53

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Frasers Group takes 18.9% stake in AO World for £75m

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AO World expects adjusted earnings surge; renews credit facility

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14 Apr 2023 07:42

AO World lifts full-year profit outlook

(Sharecast News) - Online electricals retailer AO World said on Friday that it expects full-year profit to be around the top end of its guidance range as it continues to see positive traction from its initiatives to cut costs and improve margins.

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23 Mar 2023 15:47

UK earnings, trading statements calendar - next 7 days

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(Alliance News) - Stocks in London were largely higher at the close on Tuesday, though the FTSE 100 was pulled into the red by poorly received results from online grocer Ocado and chemicals firm Croda International.

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AO World shares soar as retailer lifts annual guidance again

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