Online electricals retailer AO World has tumbled to an annual loss after being hit by rising costs and declining sales.
The white goods firm, with its HQ in Bolton, posted a £37 million pre-tax loss for the year to March 31, falling from a £20 million profit in the previous year.
It said this was partly driven by headwinds from global supply chain disruption, labour shortages and cost-of-living pressures impacting consumer sentiment.
