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..
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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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