Company
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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Jill McDonald, who has been appointed to the new role of Managing Director, Clothing, Home & Beauty at M&S, will have overall profit and loss accountability for all aspects of the group’s non-Food business
Peel analyst Jonathan Pritchard said: “Fundamental headwinds are increasing for HFD and the new store format doesn’t move the dial."
With around half-an-hour of trading to go in London, the FTSE100 index was almost 20 points lower at 7,282, the day’s worst levels, well below an earlier peak of 7,310.
LFL sales growth accelerated, and the group signalled confidence in the future with a special dividend
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In the words of Roy Wood, Royal Mail wishes it could be Christmas every day
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Among the big retail names reporting are Burberry, Halfords and Pets at Home.
Chief executive Jill McDonald described the sales performance as "strong" and said it improved through the period. But she warned the tumble of the value of the pound post-Brexit will continue to "bring cost headwinds".
The bank cut Next to 'hold' from ' buy', and reduced bicycles to car parts retailer Halfords Group and department stores group Debenhams both to 'sell' from 'hold'
FTSE 100 and small-cap stocks ended at fresh record highs on Tuesday, the first session of 2017, after being buoyed by higher Wall Street on bullish US factory data, 18-month high oil prices and even bumper Chinese data
Halfords is cheap compared to its peers and yields 5.5%
AstraZeneca, Vedanta, Halfords, and SuperGroup were among those in Thursday's diary.
Aside from the election, several UK retailers have results due next week
Warm summer may have boosted sales at car and bike accessory retailer
Dechra Pharmaceuticals, housebuilders Berkeley and Barratt, Halfords, Dixons Carphone, and JD Whetherspoon are on the agenda.
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A look at some of the major broker upgrades and downgrades on the day
Car accessory and bike retailer said cycle sales in the first quarter took a hit from rain
Broker Investec rates shares a 'buy' but has slashed its target price back to 390p from 470p.
Youth-orientated fashion firms ASOS and Supergroup go head to head, while a bit further up-market Burberry may regard the Brexit fall-out as a mixed blessing
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A look at some broker upgrades and downgrades on the day
