Appliance seller AO forecasts profits to dive as consumers cut spending

Shares fall as profit expected to plunge from £64m to £8m amid falling sales and customers cancelling warranties to save cash

The online electrical goods seller AO has warned that its profits will dive this year as it faces falling sales and customers cancelling warranties on its products to save money amid the cost of living crisis.

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Guardian news /  🏆 28. in UK

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