London — Britain’s deadline to leave the EU at the end of October is the worst possible timing for the country’s retail sector as it coincides with the start of the peak trading period, online electricals group AO World warned earlier this week.

AO, which sells washing machines, fridges, cookers and televisions as well as mobile phones, reported a smaller annual loss, helped by a jump in UK earnings, but saw its shares drop more than 9% after it said its losses in Europe deepened...

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