AO World (LON: AO.) is acquiring musicMagpie (LON: MMAG) for 9.07p/share, which values the pre-owned products supplier at just under £10m. There are irrevocable undertakings and letters of intent totalling 54% to accept the offer. AO World believes that the two companies have complementary online models, and a technology trade-in service will enhance its product […]

The post AIM movers: musicMagpie bid and Inspiration Healthcare disappoints appeared first on UK Investor Magazine.

AO World (LON:AO.) and retailer Frasers Group (LON: FRAS) have entered a strategic partnership with Frasers taking a 18.9% stake in the online domestic appliances retailer. The two companies have been talking for two years. The shares are being acquired at 68p each and the total investment is £75m. The AO World share price has […]

The post AO World partners with Frasers Group appeared first on UK Investor Magazine.

Marks Electrical (LON: MRK) continues to outperform its electrical retail rivals and is taking market share. The share price has been on an upward trajectory since last October. Revenues in the third quarter to December 2022 were one-third ahead at £29.8m and margins are improving. More customers are taking advantage of the installation service offered […]

The post Marks Electrical outstrips rivals appeared first on UK Investor Magazine.

Online domestic appliances retailer AO World (LON:AO.) has launched a £40m fundraising at 43p a share to reduce its debt pile. PrimaryBid is offering private investors the chance to buy shares in the placing, but the outlook for the company is poor. The cash call follows the announcement that AO World was pulling out of […]

The post AO World cash call appeared first on UK Investor Magazine.

Profit warnings have been an autumn habit for online domestic appliances retailer AO World (LON:AO.). The October profit warning led to a 2021-22 pre-tax profit forecast reduction from £31.6m to £11.8m and that was followed by a further warning which led to a forecast loss. This follows the move into profit in the year to […]

The post Bounce back or decline: AO World appeared first on UK Investor Magazine.

AO World shares (LON: AO) jumped over 20% as sales surged by 57% in the six months till the end of September. The European online electrical retailer revenue in Germany increase by 87% whilst UK revenue grew by 54%. AO World said they saw a significant shift to online sales over the course of the […]

The post AO World shares surge 20% thanks to strong UK & German trading appeared first on UK Investor Magazine.