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Halfords Group Placing Raises Gross Proceeds Of About £62.9 Million
Halfords Announces 64-Mln-Pound Fundraise To Part Fund National Deal
UK's Halfords To Buy National For 62 Mln Pounds
Halfords Group plc is a United Kingdom-based provider of motoring and cycling products and services. The Company is engaged in motoring and cycling products and services, providing its customers with the convenience of approximately 900 fixed and mobile locations. The Company operates through two segments: Retail and Autocentres. Its Retail segment operates both in the United Kingdom and Republic of Ireland. Its Autocentres segment operates solely in the United Kingdom. The Company offers various services, including retail cycling services, autocentres/mobile expert and retail motoring services. The Company’s products include mainstream cycling products, performance cycling and motoring products.
Icknield Street Drive
Non-Executive Independent Chairman of the Board
Graham Barry Stapleton
Chief Executive Officer, Executive Director
Chief Financial Officer, Executive Director
Managing Director – Halfords Autocentres.
Group Customer & Commercial Director
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Halfords Group Plc said it would buy Axle Group, the owner of the National tyre servicing brand, for 62 million pounds ($82.54 million) as the cycle retailer shifts focus to its motoring services business.
Halfords Group Plc said it would buy Axle Group Holdings Ltd, which owns the popular National tyre servicing brand, for 62 million pounds ($82.54 million) as the motoring and cycling retailer expands its maintenance and repair business.
Halfords boosted its annual forecast on Wednesday as half-year earnings held strongly above pre-pandemic levels, with Britain's largest cycling retailer betting on sales of kids bikes and e-bikes to drive earnings through Christmas.
Britain's largest cycle retailer Halfords Group Plc raised its full-year earnings forecast by up to 15 million pounds ($20.23 million) on Wednesday and said supply chain disruptions were beginning to ease.
British bikes and car parts retailer Halfords said on Wednesday disruption in the global supply chain was dragging on its cycling business, although it stuck to its targets and guided that it was well-positioned to manage the challenge.
British bikes and car parts retailer Halfords resumed dividend payments and forecast more earnings growth after a boom in cycling during the pandemic tripled its annual profit.
Halfords Group Plc reinstated dividend and reported a 72% jump in profit on Thursday, and said it expected to see further rise in Britons adopting cycling for commute.
Halfords forecast an over 60% jump in its annual profit and said it would repay the near 11 million pounds it received in government furlough support as the bicycle retailer benefits from a cycling boom during lockdowns.
Halfords Group Plc said its fiscal-year underlying pre-tax earnings would be between 90 million pounds and 100 million pounds ($125.78 million and $139.75 million) and that it plans to repay the government support it received, as the bicycle retailer benefited from a boom...
The 2020 Christmas holiday season presented British retailers with a unique challenge as they navigated strict COVID-19 containment measures and prepared for Britain's departure from the European Union.
Bicycle and car products retailer Halfords Group Plc posted an 11.5% jump in sales in the last three months of 2020 on Thursday, benefiting from a coronavirus-driven boom in cycling as more Britons avoided public transport.
Bicycle and car products retailer Halfords Group Plc posted an 11.5% jump in third-quarter sales on Thursday, boosted by a coronavirus-driven boom in cycling as more Britons avoided public transport.
British retailer Halfords <HFD.L> raised its first-half profit outlook on Thursday as a coronavirus-driven cycling boom continues but said it remains cautious about the second half.
British retailer Halfords <HFD.L> forecast on Tuesday a sharp rise in its first half profit as it benefited from a cycling boom during the coronavirus pandemic, but warned that growth would be slower in the next six months.
British retailer Halfords said on Tuesday underlying sales of cycling goods surged 59.1% in the 20 weeks to Aug. 21, as people continued to shy away from public transport during the coronavirus pandemic.
British retailer Halfords said underlying cycling sales surged 57.1% in its latest quarter as people avoided public transport during the coronavirus lockdown, but a gloomy profit scenario sent its shares sharply lower.
British motor and cycling products retailer Halfords said underlying sales fell 6.5% in its first quarter with a rampant performance in bicycles during the lockdown more than offset by weakness in motoring due to a major reduction in car journeys.
British bicycles and car parts retailer Halfords said on Wednesday it was reopening 53 of its stores across the country, having implemented social distancing measures to counter the threat of the coronavirus.
Shares in British bicycles and car parts retailer Halfords <HFD.L> soared as much as 26% on Monday, boosted by the government's announcement that people should consider cycling to work as the coronavirus lockdown is eased.
Shares in British bicycles and car parts retailer Halfords soared as much as 24% on Monday, boosted by the government's announcement that people should consider cycling to work when the coronavirus lockdown is eased.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.