Belfast Telegraph

Black Friday hits retailer's shares

Shares in appliances retailer AO World fell by almost half after it warned its full-year profits would be lower than expected.

The Bolton-based online business now believes its UK full-year earnings will be around £16.5m, blaming Black Friday sales which did not produce additional revenues but instead condensed them into a shorter period. Brokers at Jefferies had expected the firm's UK business to make £19.2m.

Belfast Telegraph

Weekly Business Digest Newsletter

This week's business news headlines, directly to your inbox every Tuesday.