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Birmingham Post
Birmingham Post
Business
Jon Robinson

AO responds to shares slump after reports online electricals retailer is facing cash crunch

AO Panmure Gordon

AO has responded after its shares were slashed following a report over the weekend that the online electricals retailer is facing a cash crunch.

The Bolton-headquartered company's share price hit a two-year low after falling by 18% in early trading.

The slump came after a report in the Sunday Times said credit insurer Atradius had cut cover for suppliers following a deterioration in AO's finances.

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