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AO World (AO.)

Share Price:
Down 73.50p
Change Today:
Market Cap:

Tuesday preview: Reserve Bank of Australia, AO World

03 Jun 19

LONDON (ShareCast) - (Sharecast News) - The focus on Tuesday will be on the world's major central banks, Australia's in particular, in so far as it may become one of the first to cut rates in the face of the expected slowdown in global growth.
The consensus view is that rate-setters in Canberra will cut the Reserve Bank's cash rate from 1.50% to 1.25%, although analysts say that it will be a close call.

Across the Channel meanwhile, a preliminary reading on consumer prices in the euro area for the month of May is expected to reveal a dip in the core year-on-year rate of CPI from 1.3% in April to 1.0% for May.

To take note of, the European Central Bank is set to make a policy announcement just two days afterwards.

America's Federal Reserve will also be in the spotlight, as Fed chair Jerome Powell speaks at the Federal Reserve bank of Chicago's conference on monetary policy strategy.

According to Numis's Simon Bowler, investors' focus in white goods retailer AO World's finals is likely to be on the company's margins and the "messaging" from the company's returning boss and founder, John Roberts.

Bowler believes Roberts's messaging will centre on the company's efforts to deliver faster growth in the UK and as regards pressure on business in the European Union.

Net debt is seen at approximately 15.0m on the back of the company's stockpiling ahead of Brexit.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 73.50p
Change Today -0.50p
52 Week High 115.20p
52 Week Low 57.10p
Volume 89,954
Shares Issued 471.88m
Market Cap 346.83m


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