Halfords: Customers more cautious on Autumn budget fears Retail Uncertainty around the Autumn budget is holding back consumer confidence, Halfords warned today. This morning the retailer said group like-for-like sales ticked down by 0.1 per cent in the 26 weeks to 27 September, on strong prior-year comparatives of 8.3 per cent growth plus a wet spring. The company is on track to deliver £30m [...]
Halfords: Shareholders voice displeasure in political donations vote Retail Shareholders in Halfords have voiced their displeasure in a vote to authorise the retailer to make political donations. More than one in ten voted against the proposal at the Redditch-headquartered group’s annual general meeting, according to a document filed with the London Stock Exchange. The 11.91 per cent in the against column comes after 4.01 [...]
Square Mile and Me: Berry Bros CEO Emma Fox on retail, her career and wine square mile and me Each week we ask a City figure to take a trip down memory lane. Today, Berry Bros CEO Emma Fox, who is also executive director at The City Pub Group and formerly held senior roles at Halfords and Walmart Canada, takes us through her sparkling career What was your first job? Potato picker over the [...]
Halfords: Profit slides as cycling and motoring retailer warns of ‘soft’ trading June 27, 2024 Halfords has reported a slide in profit as the cycling and motoring retailer cut its dividend and warned of "soft" trading for the current financial year.
FTSE 100 today: London markets set to extend Friday’s losses, echoing weak global lead June 24, 2024 Asian stocks dip on China-EU trade worries; gold rises on lower Treasury yields. Focus is on US PCE inflation and the US presidential debate.
Election 2024: SMEs ‘yet to be convinced’ whether Labour or Conservatives will boost business June 11, 2024 Britain’s small and medium-sized enterprises (SMEs) have become divided on what a change in government could mean for the future of their businesses ahead of the general election on 4 July, according to data shared exclusively with City AM. A survey conducted on behalf of accountancy and business advisory firm Xeinadin highlighted that 41 per [...]
Frasers’ buying spree continues as it snaps up online bike store Wiggle March 3, 2024 Sports Direct owner Frasers Group has bought online bike store Wiggle out of administration, betting that demand for bikes will eventually recover.
The week that was: St James’s Place and Reckitt lead painful few days for the City March 2, 2024 A week in which 50 firms posted their final results was always going to produce some news. St James's Place and Reckitt defined a bruising few days for the Square Mile.
More misery for retail as footfall slips to lowest level since pandemic on wet weather and strikes March 1, 2024 Unpredictable British weather has yet again been blamed for hurting trade on UK high streets. According to a report by the British Retail Consortium (BRC), footfall recorded in February slumped to the lowest since the pandemic, falling 9.3 per cent against a 2.3 per cent decline the prior month. Some 23mm of rain fell across [...]
Halfords issues another profit warning as demand for cycling falls flat February 28, 2024 Halfords has issued another profit warning as the cycling and motoring retailer continues to be impacted by a “weakening” demand for its goods.