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AO WORLD

P 60 58 61.15 22 Nov 56 54 52 16 Nov 17 Nov 18 Nov 22 Nov 21 Nov

Self storage firm Big Yellow said revenue jumped 15 per cent in its first half results as it bucked macroeconomic headwinds and a strong comparable period last year. Analysts at Peel Hunt said the boost had been driven by an 11 per cent rise in the average rate, which more than offset a small two per cent slide in occupancy during the period. They advised investors to hold the stock but cut its price to 1,200p.

BIG YELLOW 1,180

P 1,170 1,160 1,150 1,140 22 Nov 1,140 1,130 1,120 1,110 16 Nov 17 Nov 18 Nov 22 Nov 21 Nov

Electrical retail AO World said its earnings before deductibles fell 11 per cent to £9m for the first half of the year, but analysts at Peel Hunt said the key takeaway was "management's strong grip on delivering stability". The sales environment is challenging, they said, with the UK market down 18 per cent and AO down 17 per cent on last year. Peel Hunt rate it a 'hold' stock with a target price of 70p.

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