Join our community of smart investors

AO World in the black for the first time

Shoppers are getting more comfortable making big purchases online
AO World in the black for the first time

People aren’t just buying comfortable clothes online for lockdown. Electrical retailer AO World (AO.) believes the Covid-19 pandemic has had a “seismic impact” on how people make purchases, converting some consumers permanently to internet shopping. As investors note that trend, the company’s share price has risen more than 90 per cent since the start of the year.

IC TIP: Sell at 164p

To continue reading...
OR
Register for free
Read 3 articles for free each month
Have an account? Sign in