Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. 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: 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 -

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
28 Feb 2023 09:55

SMALL-CAP WINNERS & LOSERS: AO World lifts guidance as margins improve

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

Read more
28 Feb 2023 09:14

LONDON MARKET OPEN: Ocado shares slump; pound up after UK-EU deal

(Alliance News) - Stock prices in London opened lower as investors digested a mixed set of local corporate earnings, and waited to hear on progress of the UK-EU deal on the Northern Irish border.

Read more
28 Feb 2023 08:06

AO World lifts FY profit guidance again

(Sharecast News) - Online electrical retailer AO World upgraded its profit guidance on Tuesday for the second time this year - and the third since November - citing the benefits of its cost-savings drive.

Read more
28 Feb 2023 07:58

LONDON BRIEFING: abrdn swings to loss; Ocado retail sales fall

(Alliance News) - Stocks are likely to open flat on Tuesday in London, as investors wait to hear of progress in the breakthrough EU-UK deal on the Northern Irish border.

Read more
10 Jan 2023 11:13

SMALL-CAP WINNERS & LOSERS: Retail and leisure shares move higher

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

Read more
10 Jan 2023 11:04

AO World "cautiously optimistic" as hikes annual profit guidance

(Alliance News) - AO World PLC on Tuesday increased its profit guidance for financial 2023, citing cost cuts amid falling revenue.

Read more
10 Jan 2023 10:11

LONDON BROKER RATINGS: Jefferies likes Inchcape; HSBC cuts Clarkson

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

Read more
10 Jan 2023 08:45

LONDON MARKET OPEN: Stocks struggle ahead of Powell's Stockholm speech

(Alliance News) - Hawkish words from Federal Reserve policymakers supported the dollar and hurt equities prices on Tuesday, as stock-market traders weigh up the prospect of US interest rates being higher for longer.

Read more
10 Jan 2023 07:54

LONDON BRIEFING: Games Workshop raises payout; AO World ups outlook

(Alliance News) - Stock prices in London were called to open lower on Tuesday, surrendering some gains made in a decent start to the year so far, with investors fretting once again about US interest rates.

Read more
10 Jan 2023 07:41

AO World lifts full-year profit guidance

(Sharecast News) - Online electrical retailer AO World lifted its profit guidance for the year to March 2023 as it said profitability was running ahead of its previous expectations, having taken actions to cut costs and improve margins.

Read more
29 Nov 2022 10:51

Canaccord hikes target price on AO World following H1 results

(Sharecast News) - Analysts at Canaccord Genuity hiked their target price on electrical goods retailer AO World from 31.0p to 51.0p on Tuesday after they took the time to review the group's interim results.

Read more
23 Nov 2022 10:41

SMALL-CAP WINNERS & LOSERS: De La Rue plunges on swing to interim loss

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

Read more
22 Nov 2022 17:14

LONDON MARKET CLOSE: Eyes turn to US Fed minutes; oil lifts FTSE 100

(Alliance News) - Stocks in London were broadly higher at the close on Tuesday, ahead of the publication of US Federal Open Meeting Committee minutes tomorrow at at 1900 GMT.

Read more
22 Nov 2022 12:22

LONDON MARKET MIDDAY: Trading "toneless" as OECD cuts growth forecasts

(Alliance News) - Stock prices in London were mostly higher at midday on Tuesday, despite a new set of gloomy economic forecasts.

Read more
22 Nov 2022 11:45

AO World shares rise despite a widened loss as pivot progresses

(Alliance News) - AO World PLC on Tuesday reported a substantially widened interim pretax loss, but confirmed that it was making progress on its strategic plans.

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.