Company
Halfords Group PLC
LON:HFD
Halfords Group PLC is engaged in the retailing of auto, leisure and cycling products. The principal activity of the Company is that of a holding company. During the fiscal year ended March 28, 2008, the Company operated from 430 stores in the United Kingdom via overseas branches, 17 stores in the Republic of Ireland and three in the Czech Republic. Its product portfolio consists of three categories: car maintenance (including car parts, servicing consumables), car enhancement (including in-car entertainment systems, cleaning products, accessories, interior and exterior car styling products) and leisure (including cycles and cycle accessories and roof boxes, cycle carriers, child car seats and outdoor leisure equipment).
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FTSE 100 Live: Stocks close flat after ECB holds rates
The FTSE 100 index closed 2.06 points higher at 7,529.73 while the FTSE 250 ended up 51.42 points, 0.3%, at 19,223.10
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FTSE 100 Live: Blue-chips miss out on global equity rally but mid-caps climb
At the close, London's blue-chip index closed down 31.78 points, 0.4%, at 7,423.46 while the FTSE 250 rose 80.58 points, 0.4%, at 18,467.58
Halfords boss hails software arm as Bridgestone takes 5% stake
Avayler’s software allows garages, mobile vans and retail stores to manage repairs
Builders and building materials
Day Ahead: Barratt to update on housing, Halfords on bike demand
A look at some of the news scheduled for Wednesday
United Utilities braces for dampened interims, Wednesday's Agenda
Interims for pet seller Pets At Home, cycling retailer Halfords and water suppliers United Utilities.
Halfords and Pets at Home both up from lows ahead of interim results on Wednesday
Shares in Halfords are down 42% in the year so far, changing hands at 205p
Halfords leans further into motoring services with Lodge Tyre acquisition
The acquisition takes Halfords' garage service business to 656 garages, 253 consumer vans, 440 commercial vans and nine warehouses
Halfords leans on autocentres as cycle sales falter
Halfords has dropped prices across 2,000 essential motoring products.
Halfords target slashed after "disappointing" profit warning
Halfords’ shares nosedived after its profit warning yesterday when it reduced its guidance for the year ahead
Halfords reverses sharply on shaky profits guidance
In its full-year results statement, the retailer issued profits guidance well below the current market consensus and did not seem overly confident of hitting the reduced targets.
Halfords sales slow as Omicron hits bike demand
Bike sales tumbled almost 24% in the 13 weeks to end of December
Halfords lifts guidance as strong Autocentres drive revenue growth
The bikes and car parts group said it now expects underlying pre-tax profits of £80mln-£90mln for the current fiscal year, up from its previous forecast of above £75mln
Jerry can sales surge as motorists fill up, army not yet an option says government
George Eustice, the Environment Secretary, said: "The most important thing is that people buy petrol as they normally would."
Halfords says supply chain disruption puts brakes on bike business
The bikes and car parts company reiterated its full-year guidance for a pre-tax profit above £75mln
Halfords enters software market with Avayler launch
The company's first client for Avayler will be American Tire Distributors, one of the largest independent suppliers of tyres to the replacement tyre market in North America
Halfords can step up a gear but Pets at Home growth due for cat nap, says RBC
The analysts initiated coverage of the retailers after a strong past year
Halfords acquires bunch of Kent garages to expand Autocentres business
The cycling and motor accessories retailer said the deal meant it now has 374 garages
Halfords expects cycling surge to almost double group profits
The retailer and mechanic reported a better than expected performance in the fourth quarter as demand for bikes remains high
Halfords pedals higher as cycling boom continues to December-end
Sales jumped 12% in the 13 weeks to January 1, with growth in both retail and autocentres
Halfords doubles interim profits thanks to essential retailer status
Demand for cycling products is expected to continue during the winter though the motoring business may remain subdued
Halfords strong on the bike with ‘staycation’ products performing well even after summer
Profit before tax for the six months to October is expected to top £55mln
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SolGold lifted by drilling results at Porvenir Project
A look at some of the major movers in London on Thursday
Halfords warns winter profits could be lower after strong ‘staycation’ demand
Profit before tax for the six months to October is expected to come in at £35-40mln
Halfords offers 50% upside if investors come round to “clear, structural tailwinds” - broker
This cycling boom “will be more sustained than others before it”, analysts reckon
Halfords to see 80% upside for Liberum over good profit recovery
The broker said the current share price implies a long-term sales decline of 8% per annum, “which does not make sense”
Halfords remains a strong ‘buy’ for some City brokers but other analysts see profit risk
The retailer flagged low margins in the cycling division, which has seen high sales during the crisis
Halfords expects improvement in motoring business as cycling continues to pedal higher
The retailer said the second half of the year will see better profits and modelled three scenarios ranging from a £10mln loss to a £20mln profit
Halfords cycles higher as it reports better than expected trading amid lockdown
The auto and cycling retailer said it expected its profits for the year ended 3 April will be "at the upper end" of its guided range of £50-55mln
Halfords expects 'severe' coronavirus impact in coming weeks
As a bike and motoring specialist, Halfords is deemed an essential supplier by the government and can keep its stores open under current restrictions.
Halfords picks up after difficult first half
In the 14 weeks to 3 January, group and like-for-like sales rose 4.6% and 1.3% respectively
Halfords accelerates car servicing business as retail continues to slump
The retailer is fast-tracking its autocentres business, which grew its revenues by 2.1% to £82.7mln in its first-half
Halfords sales cycle backwards on weak consumer confidence and poor summer weather
Chief executive Graham Stapleton said the company believes the economic and political uncertainty will continue to impact big-ticket discretionary spend in the second half.
Halfords to cut costs in 2020 to boost profit amid challenging retail market
Halfords posted a 17.9% drop in underlying pre-tax profit for 2019 as mild winter weather and subdued consumer confidence hit motoring sales
Investments and investor services
FTSE 100 closes higher as trade tensions ease
The UK's premier shares index closed up around ten points at 7,320
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Severn Trent to kick off water sector updates on Tuesday; retailers also in focus
The Day Ahead will bring trading updates from the likes of stores groups Halfords, Topps Tiles, and WH Smith
JD Sports surges as strong Christmas trading boosts earnings outlook
The FTSE 250 sportswear retailer that total sales growth for the 48 weeks to 5 January was up 15% while total like-for-like growth was more than 5%
Tesco, Next and Ted Baker among the festive winners as high street survives Christmas - but only just
Below we provide a cut-out-and-keep guide to the major quoted retailers and how the quoted retailers performed
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Moss Bros to wrap up busy week of Christmas trading updates from high street retailers
The day includes trading updates from retailers Moss Bros and AO World, plus UK gross domestic product data and US inflation figures
Investments and investor services
Obtala surges after cash injection
A look at the day's major movers, including Midatech, Diurnal, Brighton Pier and Halfords
Halfords' shares veer off road as profit guidance slashed
There were some bright spots in the statement. The Autocentres business continues to grow like-for-like sales and online sales, which represent 20% of total sales, grew 7.5%
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FTSE 100 closes higher as Wall Street shares mixed; optimism over trade talks fades
The Footsie has been dipping below and above the 6,800 mark throughout the day
Halfords profits hit by higher costs but full year guidance unchanged
"Despite the challenging UK consumer environment, we delivered a robust sales and cash flow performance in the first half, with costs and profit broadly in line with our expectations,” said chief executive Graham Stapleton
Investments and investor services
FTSE 100 closes higher ahead of Federal Reserve meeting
The focus is now on the Federal Reserve meeting later. The interest rate announcement is set for 7.00pm, UK time
Sports Direct expects at least 50% of existing Evans Cycles stores to remain open following purchase
The FTSE 250-listed group also confirmed that the consideration paid for the Evans Cycles business was £8mln, of which around £2mln was paid to fund Evans Cycles' October payroll
Sports Direct new frontrunner to buy Evans Cycles after reports Halfords has dropped out
Citing sources, Sky News’ website said Halfords - which offered to buy Evans last month - had ended talks with the private equity-owned firm's advisers
FTSE 100 closes in positive territory as US dollar builds on gains
The pound is off 0.52% against the greenback at the time of writing..
Halfords surges as it maintains full-year guidance
"While there is no current catalyst to numbers, the yield is attractive and a lot more secure than the broader sector," said Liberum, as it upgraded the stock to 'buy'
FTSE 100 closes in red as BoE governor Carney could stay on and WPP plunges
Economists at ING said the August manufacturing data suggests “US business is weathering the protectionist storm for now"
FTSE 100 closes firmly higher with miners taking the top spots
The global financial body added that several countries, including the US and UK, had excessive current account deficits and borrowed too much
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Investors looking for some thirst quenchers from Britvic, Fevertree, and Fuller's
Aside from the soft drinks firms and brewer, the day ahead on Tuesday includes updates from blue-chip real estate firm Hammerson and student acommodation group Unite
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Apres moi le deluge: Flood of blue chip results to dominate in coming week, including BT Group
Over the five sessions in the Week Ahead, around 20% of the FTSE 100 index will report results or issue a trading update, with about half that number due on Thursday alone
Halfords names Waitrose finance director Loraine Woodhouse as its new chief financial officer
Halfords said Woodhouse, finance director at the John Lewis Partnership's upmarket supermarket chain since 2015, will start as its CFO on November 1
Halfords reports drop in 2018 profits, appoints BA veteran as chairman
Halfords expects flat 2019 profits and believes cycle prices are unlikely to rise
FTSE 100 continues record-breaking run but big retailers lag
The UK blue chip index closed around 18 points higher at 7,877
Dixons Carphone appoints Clare Pettitt as interim finance chief
Jonny Mason, the finance chief at cycle shop Halfords PLC (LON:HFD), will join as the group chief financial officer at a date yet to be confirmed
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Retail results whirl to start low-key with numbers from Halfords and Topps Tiles
The day ahead includes full-year results from Halfords Group and from Harry Potter books firm Bloomsbury Publishing, plus first-half numbers from Topps Tiles
Investments and investor services
FTSE 100 propelled to new record close as pound weakens and Dow Jones breaches 25,000
FTSE 100 reached a new record close on Monday after achieving it last time on Thursday
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Retailers in focus for coming week, with Marks & Spencers, Kingfisher, and Halfords set to update
Aside from the retails, the week ahead includes results from utilities Pennon PLC, Severn Trent PLC, United Utilities PLC, and SSE PLC, plus updates from Ryanair PLC and Britvic PLC, and the latest UK inflation numbers
Next, M&S, Pets at Home and B&M slump on Citigroup downgrade
Citi said investors should buy online over bricks and mortar retailers and European over UK stocks
Dixon Carphone poaches Halford’s CFO Jonny Mason to be its group finance director
In January, the Currys and PC World owner announced the departure of chief executive Sebastian James, who will be succeeded by Alex Baldock
Former Tesco UK boss Matt Davies to join N Brown as chairman
Matt Davies will join N Brown at the start of May, replacing Andrew Higginson
Numis Securities downgrades Halfords to ‘hold’ from ‘add’ as trading opportunity over
Numis's analysts said: “Halfords remains a mature retailer with limited growth opportunities and, with the trade now over, we move our recommendation back from Add to Hold”
Keen cyclists help to boost winter trading at Halfords
Sales of bikes and cycling accessories rose 7.8% in the third quarter despite the weaker pound pushing up prices
Investments and investor services
FTSE 100 extends losing streak to four days; ABF top loser
The FTSE 100 closed lower on Thursday as there was no clear direction across global equities
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Royal Mail’s Christmas performance under the microscope on Thursday
As well as Royal Mail, updates are expected from Costa Coffee owner Whitbread and Associated British Foods - the parent company of Primark