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flag AO World raises profit outlook to £45-50M and announces first share buyback amid revenue growth.

flag Online electrical retailer AO World has boosted its annual profit outlook, now expecting full-year profits of £45 million to £50 million, up from £40 million to £50 million. flag The company also announced its first-ever share buyback of up to £10 million, with group revenues for the six months to September 30 expected to rise by 13% and retail revenues by 11%. flag AO World plans to cut costs using artificial intelligence and offshoring work.

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