Share price slumps after online electrical retailer says driver shortages have hit profits
More than £200m has been wiped off the stock market value of AO World after the online retailer blamed driver shortages and supply chain problems for lower than expected profits.
The warning prompted a sharp sell-off, with investors fearing a reversal of fortunes for the electric goods retailer – one of the star performers of the pandemic when online shopping boomed – as supply disruptions caused by shortages of lorry drivers and parts and materials ripple through.
