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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: 107.60
Bid: 106.40
Ask: 108.00
Change: 0.00 (0.00%)
Spread: 1.60 (1.504%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 107.60
AO. Live PriceLast checked at -

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Wednesday preview: UK, euro area services and Fed minutes in focus

Tue, 04th Jul 2023 15:34

(Sharecast News) - Financial markets' focus in the middle of the week would be on services sector activity on either side of the Channel.

At 0900 BST, S&P Global would release a final reading for its June services Purchasing Managers Index for the single currency bloc.

It would be followed half an hour later by the results of an equivalent survey for the UK.

At 1900 BST, investors' attention would shift to the US, when the Federal Reserve was due to release the minutes of its last policy meeting.

On the corporate side of things, electrical retailer AO World as due to publish its full-year results.

Since the lows hit back in August, the company had guided higher on its earnings before interest, taxes, depreciation and amortisation as recently as March.

That was followed during the next month by updated guidance for UK revenues of £1.13bn while EBITDA was seen hitting the top end of the previously guided range.

Then in June Mike Ashley's Fraser Group bought a 19% stake i the business.

Wednesday 5 July

FINALS

AO World, Supreme, Quiz, Redde Northgate

AGMs

Capital Gearing Trust, Eneraqua Technologies, Burford Capital NPV (DI), Bonhill Group, AdvancedAdvT Limited NPV (DI), Tata Steel Ltd GDR (Reg S), I(X) Net Zero NPV, Bushveld Minerals Limited

FINAL DIVIDEND PAYMENT DATE

Balfour Beatty, National World

INTERIM DIVIDEND PAYMENT DATE

Britvic, Hollywood Bowl Group

UK ECONOMIC ANNOUNCEMENTS

PMI Composite (09:30)

PMI Services (09:30)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

PMI Composite (GER) (08:55)

PMI Services (GER) (08:55)

PMI Composite (EU) (09:00)

PMI Services (EU) (09:00)

Producer Price Index (EU) (10:00)

MBA Mortgage Applications (US) (12:00)

Factory Orders (US) (15:00)

Crude Oil Inventories (US) (15:30)

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(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.

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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:

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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.

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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.

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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'.

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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.

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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.

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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.

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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:

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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.

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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:

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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.

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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.

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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%.

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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.

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