The trouble with accelerated growth is that it leaves you exposed to disappointing the market. This seems to have been the case for white goods specialist AO World (AO.), whose share price crashed more than 8 per cent in response to a third-quarter trading update.
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Sales rose 12.3 per cent during the period, with overall UK revenue up by 8.9 per cent against tough comparators from last year. In Europe, revenue for the period was up 28.4 per cent, but those growth rates are a slight miss on market expectations, with European growth slowing significantly as the group enters a consolidation period.
