Electricals retailer AO says cash-strapped Britons cancel warranties

By Shanima A and James Davey (Reuters) -Britons are cancelling repair warranties on domestic appliances to save money as soaring inflation dents their disposable income, online electricals retailer AO World said on Friday, as it issued its third profit warning in six months. AO, which sells washing machines, fridges, cookers and televisions, said that last month it was notified of higher warranty cancellations than average historical trends as customers responded to the escalating cost of living. The company based in Bolton, northern England, said the picture had improved since March, but caut…

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