Halfords: Shareholders voice displeasure in political donations vote Retail Shareholders in Halfords have voiced their displeasure in a vote to authorise the retailer to make political donations. More than one in ten voted against the proposal at the Redditch-headquartered group’s annual general meeting, according to a document filed with the London Stock Exchange. The 11.91 per cent in the against column comes after 4.01 [...]
Halfords: Profit slides as cycling and motoring retailer warns of ‘soft’ trading Retail Halfords has reported a slide in profit as the cycling and motoring retailer cut its dividend and warned of "soft" trading for the current financial year.
Halfords issues another profit warning as demand for cycling falls flat Retail Halfords has issued another profit warning as the cycling and motoring retailer continues to be impacted by a “weakening” demand for its goods.
Halfords remains confident despite sales falling below expectations January 25, 2024 Halfords has said it remains confident despite its third quarter sales falling below expectations.
Halfords snubs £1.4bn tie up with van hire firm which ‘undervalues’ it November 20, 2023 Halfords has reportedly snubbed a £1.4bn merger offer with van hire firm Redde Northgate as it “undervalues” the motor and cycling group. However, a potential deal may not be completely off the cards, a source told The Telegraph: “There were discussions about what an integration of the two businesses might look like, but there were [...]
Halfords revenues rise as consumers sniff out budget auto care September 6, 2023 Halfords reported a 14.1 per cent hike in revenue for the first five months of the year as the retailer was bolstered by demand for “basic needs” services such as motoring. The motoring and cycling retailer said that revenue in its autocentres division grew 34.6 per cent and retail rose 3.7 per cent. Halfords has [...]
FTSE 100 close: London’s markets close in the red after inflation shock sends shivers through market June 21, 2023 London’s indexes closed in the red on Wednesday after yet another higher than expected inflation reading earlier this morning. The FTSE 100 closed 0.1 per cent lower at 7,559.18 while the FTSE 250, which is more aligned with the health of the UK economy, sunk 0.9 per cent to 18,571.45. Official figures out this morning [...]
Halfords profits tumble by £38.3m but expects ‘strong growth’ June 21, 2023 Halfords reported a £38.3m drop in annual profits as the group was hit by a decline in consumer demand for cycling following its lockdown boom and a tough economic climate. For the year, underlying profit before tax slumped to £51.5m compared to £89.8m the prior year and £56m during the pandemic as the retailer invested [...]
Halfords investors looking for progress after profit warning earlier in the year June 9, 2023 Investors in Halfords will be hoping the retailer has made progress in repairing holes in its workforce as it is set to unveil its full-year financial results. The bike and car parts seller warned over its profits earlier in the year amid a shortage of mechanics. The firm, which also services cars and bikes and [...]
Halfords share price soars as retailer’s motoring offering woos cash-strapped Brits April 18, 2023 Halfords‘ share price soared over eight per cent this morning as the motoring and cycling giant revealed its sales could top £1.9bn. The Birmingham headquartered retailer, which has seen its shares slide 30 per cent in the last year, said it expected pre-tax profits to come in at around £90m to £110m, up from £50m [...]