The online electrical goods retailer AO World has reported bigger half year losses as it has been hammered by the cost of living crisis and supply chain problems.
AO, which sells kitchen appliances, mobile phones, TVs and laptops for home delivery, warned of tough times ahead, but raised its full-year earnings guidance after closing loss-making divisions including its German business. This drove its shares 15% higher, but they are down more than 40% so far this year.
