TagHalfords

Cost of living crisis is risk to UK road safety, says Halfords boss

By Marta Lopez
In Business
3 Min Read
C

The boss of Halfords has warned that the UK cost of living crisis is creating “a risk to road safety” as drivers buy older cars and struggle with maintenance costs. The warning came as the motoring and cycling retailer reported higher sales over the past 20 weeks as it was boosted by its expanding car repairs business. The retail group told shareholders on Wednesday that total revenues grew by 9...

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Halfords raises profit forecast to £55m as cycling sales roll on

By Olivia Wilson
In Business
3 Min Read
H

The cycle and car parts retailer said demand for bikes and cycling products had continued despite the end of the peak cycling and summer staycation season, while sales of its car products and services had returned to growth. As a result, the company expects half-year profits to top £55m, compared with the £35m-£40m it was predicting last month and fears of a £10m loss raised in July. The shares...

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