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Birmingham Post
Birmingham Post
Business
Jon Robinson

Online electricals giant AO hikes earnings outlook for the third time in three months after cost-cutting success

AO has upped it annual earnings outlook for the third time in just over three months after it said its cost-cutting efforts were paying off.

The Bolton-headquartered online electricals giant said its profitability has seen a better-than-expected improvement as it drives cost savings thanks to a "resilient" customer base.

AO said price increases across mobiles have also been slightly higher than forecast.

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