Halfords narrows full-year profit range
Halfords said on Wednesday that it was narrowing its guidance range for annual profit as it highlighted a softening in demand for its big-ticket discretionary categories.
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Halfords said on Wednesday that it was narrowing its guidance range for annual profit as it highlighted a softening in demand for its big-ticket discretionary categories.
Among the companies with reports and trading updates today are Hargreaves Lansdown, Pennon, CVS Group and Halfords.
'Consumers were less willing to spend on more discretionary, higher ticket products', Halfords said in its latest results published on Wednesday.
Halfords tumbled on Wednesday after the motoring and cycling products retailer narrowed its guidance range for annual profit as it highlighted a softening in demand for big-ticket discretionary categories.
Halfords has snubbed a £1.4bn merger offer with van hire firm Redde Northgate because it “undervalues” the motor and cycling group.