Halfords FY sales driven up as dash cams prove popular
13th Apr 2016 07:52
(ShareCast News) - Car parts-to-bikes retailer Halfords said full year revenues rose 1.7%, driven by a strong final quarter where sales rose 3.2%. The company said it still expected group full year pre-tax profits to be in the range of £78m-82m. A strong demand for in-car dashboard cameras helped m
Read moreHalfords and N Brown sink as UBS turns cautious on UK general retail
21st Mar 2016 14:08
(ShareCast News) - Halfords and N Brown were under the cosh after UBS downgraded its stance on both stocks as it took a more cautious view on the UK general retail sector over the next 12 months. The bank said uncertainty over Brexit and wage inflation was compounded by FX issues and the increasing
Read moreLondon close: Stocks gain on ECB stimulus hopes
21st Jan 2016 16:16
(ShareCast News) - UK stocks advanced on Thursday as European Central Bank President Mario Draghi hinted at further stimulus. In a press conference following the ECB's decision to keep its key rates unchanged, Draghi said the central bank would "review and reconsider" its monetary policy measures at
Read moreFTSE 250 movers: Halfords leads the peloton
21st Jan 2016 15:41
(ShareCast News) - The FTSE 250 was in the black mid-afternoon Thursday, up 164.74 points (1.05%) to 15,805.75. Halfords pedalled to the front of the peloton after it said group like-for-like sales rose 0.3% in the third quarter with the company reporting that full year pre-tax profit expectations w
Read moreCycles help pedal Halfords to revenue growth
21st Jan 2016 07:57
(ShareCast News) - Group like-for-like sales at car parts and bikes retailer Halfords rose 0.3% in the third quarter with the company reporting that full year pre-tax profit expectations would be unchanged. Halfords added that full year retail gross margins would fall to -25 to -75 basis points, but
Read moreBroker tips: Icap, Spire Healthcare, Halfords
16th Nov 2015 14:20
(ShareCast News) - The disposal of ICAP's voice business has prompted Exane BNP Paribas to initiate coverage of the FTSE 250 company at 'outperform', with a target price of 590p. Tullett Prebon agreed to buy ICAP's hybrid voice broking and information business in an all-shares deal on 11 November.
Read moreBerenberg ups Halfords to 'hold', says concerns are now priced in
16th Nov 2015 10:54
(ShareCast News) - Berenberg lifted its recommendation on Halfords to 'hold' from 'sell' but cut the price target to 375p from 430p to reflect the company's updated guidance. The bank pointed out that Halfords shares are down around 30% since its 'Three reasons to sell' note, published on 3 August.
Read moreMonday broker round-up
16th Nov 2015 08:56
(ShareCast News) - Halfords Group: Berenberg Bank upgrades to hold, reduces target price to 375.00p. Restaurant Group: Nomura upgrades to neutral, cuts target price to 635.00p. Poundland Group: Peel Hunt Limited initiates new coverage with a buy, sets target price at 400.00p. Diploma: Peel Hunt Li
Read moreFTSE 250 movers: Halfords punctured after trading update
2nd Sep 2015 13:34
(ShareCast News) - The FTSE 250 was down slightly, with the index of mid-cap shares down 16.3 points, or 0.10% at 16,813. Halfords shares were punctured on news that after it said cycling sales fell 11% in the eight weeks to 28 August and are likely to be below current expectations for the quarte
Read moreHalfords shares tumble as bike sales decline
2nd Sep 2015 07:45
(ShareCast News) - Shares in Halfords slid after it said cycling sales fell 11% in the eight weeks to 28 August and are likely to be below current expectations for the quarter, although trading in all other areas of the business remains strong. The company said the disappointing cycling performance
Read moreLondon pre-open: Stocks to edge higher as Asia pares losses
2nd Sep 2015 07:26
(ShareCast News) - London's FTSE 100 is being called to open higher on Wednesday as Asian shares pare losses into the close. City sources expect the index to open up 24 points at 6083. On the economic front, investors will eye the release of UK construction PMI at 0930 BST, while in the US, the ADP
Read moreFTSE 250 movers: Wetherspoon dips on profit warning, Workspace buoyed rent rise
15th Jul 2015 14:37
(ShareCast News) - Mid-caps were sluggish on Wednesday, with weakness from electronics and energy stocks balanced by promising performances from the real estate, food retail and financial sectors. As of 15:30 BST, the FTSE 250 was trading flat at 17,627. Shares in Wetherspoon plunged after the comp
Read moreLondon midday: Stocks recover ahead of speech by Fed chair Yellen
15th Jul 2015 13:04
(ShareCast News) - London stocks recovered from the losses seen earlier in the day as traders waited on word from Athens regarding the approval of the reform measures demanded by creditors. As of 11:45 the FTSE 100 was 2.92 points higher to 6,756.65 points, although the more UK-focused FTSE 250 was
Read moreHalfords on right path in first quarter on sales of premium bike and dash-cams
15th Jul 2015 08:47
(ShareCast News) - Car parts and bike peddler Halfords pedalled on the right path towards its full year targets during the first quarter, with a solid first quarter against tough comparatives thanks to premium bikes, children's car seats and dashboard-cameras. Group sales in the 13 weeks to 3 July w
Read moreWednesday preview: China, Greece, ECB and Fed in focus (in that order)
14th Jul 2015 19:40
(ShareCast News) - Burberry's first quarter figures will make for a very interesting read given the company has the pulse on the demand for luxury goods in several markets in which traders now have a particularly keen interest, not least China. A raft of macroeconomic data from Asia's largest econom
Read more