AO World: Double-digit growth ahead of musicMagpie deal Retail Electrical retailer AO World has announced double-digit growth in retail revenue and operating profit as it continues its “laser focus” on cost and efficiency ahead of its acquisition of musicMagpie. Business-to-consumer retail revenue grew by 13 per cent year on year in the six months ended 30 September from £339m to £382m, AO World told [...]
FCA approves £10m acquisition of Musicmagpie by AO World Retail The UK’s financial watchdog has approved the acquisition of Musicmagpie by AO World for £10m. First announced in October, the deal will see the electrical retailer acquire Musicmagpie for 9.1p per share, a fraction of its market capitalisation at IPO in 2021. It floated with a share price of 193p. Bolton-headquartered AO sells white goods [...]
Electrical supplier AO World snaps up Musicmagpie in near-£10m deal Tech London-listed online retailer Musicmagpie will be snapped up by AO World as the electrical supplier looks to enhance its presence in consumer tech.
Mike Ashley’s Frasers Group lowers stake in AO World July 8, 2024 Mike Ashley's retail empire Frasers Group has lowered its stake in white goods giant AO World.
Electrical supplier AO World sees profit skyrocket June 26, 2024 Shares in AO World have jumped after the white goods electrical supplier revealed its profit had surged during its latest financial year.
Currys and AO World to shed light on consumer demand for home upgrades June 21, 2024 Investors will get a glimpse into whether consumers are loosening their budgets and upgrading their homes when AO World and Currys report on their yearly profits.
AO saves more than 70 jobs at mobile phone retailer which entered administration February 15, 2024 AO has saved more than 70 jobs after acquiring certain assets from a mobile phone retailer in administration.
Mike Ashley’s Frasers Group strengthens grip on AO as it increases stake again February 13, 2024 Mike Ashley's Frasers Group now owns almost a quarter of electricals seller AO after the retail giant further upped its stake.