Stay updated with breaking news from Halfords Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
1035 GMT - Halfords Group's profit warning due to weak consumer confidence and bad weather suggests it could have excess stock that it will have to clear somehow, AJ Bell investment director Russ...
After years of strong and often tyre-driven profit growth, Halfords Group plc has warned investors that “further material weakening” in “cycling, retail motoring and consumer tyres” will result in “a significant drop in like-for-like revenue growth”. As a result, that specifically means £13 million less “underlying profit before tax (PBT)”, than previously stated or PBT “in the range of £35-40 million”.
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to move to the downside after ending yesterday's choppy trading session mixed.
The Inverness based tyre wholesaler acquired as part of Bond International’s recent deal to acquire Stepgrades Motor Accessories Limited from Halfords Group is forming a joint venture with long term Bond customer Goodtread Tyre Co, based in Alness in the Scottish Highlands. The two parties said the JV would strengthen their tyre distribution operations covering north and west Scotland and the islands, increasing the availability of stock as a result of Bond’s large stockholding, improving warehousing, and modernising Bond’s newly acquired Birkenshaw Distributors Ltd. Sandy MacKenzie and ...
Key Insights Halfords Group's estimated fair value is UK£1.34 based on 2 Stage Free Cash Flow to Equity Current share...