AO World shares spark higher after earnings top forecasts
Operating profits almost trebleFocus on margins paying offDouble-digit sales growth in viewElectrical retailer AO World (AO.) published a pleasing set of results for the full year to the end of March showing the benefit of its decision to shift its focus from market share gains towards profitable growth.The shares added 5p or 4.5% to 118p, taking them to a new 12-month high and bringing gains to 3