Halfords hits skids as CEO Matt Davies resigns to join Tesco
8th Jan 2015 08:03
News that Tesco had poached Halfords chief executive Matt Davies, sent shares in the bicycling and car parts retailer skidding downwards on Thursday. Since Davies was appointed in 2012 amid a hopeful fanfare about his turnaround mission, shares in the company had more than doubled thanks to his effo
Read moreTuesday broker round-up UPDATE
11th Nov 2014 09:55
AdEPT Telecom: WH Ireland moves target price from 170p to 185p, keeping its buy recommendation. Northland moves target price from 165p to 175p and maintains a buy recommendation. Betfair: JP Morgan raises target price from 1175p to 1350p and upgrades from neutral to overweight. BHP Billiton: JP Mor
Read moreFTSE 250 movers: Supergroup rises as Numis reaffirms rating
6th Nov 2014 15:45
Supergroup rose after Numis Securities reaffirmed its 'hold' rating on the stock, with a target price of 1,100p which would suggest a potential upside of 41.21% from the stock's previous close. Since 31 October, three other analysts firms, Berenberg, Investec and Cantor Fitzgerald Europe, reiterated
Read moreHalfords' revenues and earnings rise as improvements pay off
6th Nov 2014 09:02
Bike and car accessory retailer Halfords experienced good growth in cycling, car maintenance and online retail sales, resulting in a 6.8% rise in revenue to £524.1m in the six months to September 26 against a year ago. Retail sales grew by 6.6% and in Autocentres by 8.4% during the period, wit
Read moreFTSE 250 movers: Retail stocks lead rise as footfall decline slows
21st Oct 2014 14:38
Retail stocks were putting in a strong performance on Tuesday after data from BRC-Springboard showed the decline in UK retail footfall eased to 0.9% in September from a 1.1% drop in August. Stocks such as Debenhams, Home Retail, Just Eat, WH Smith and Halfords were all in positive territory. "With a
Read moreFTSE 250 movers: Hellymanntyton rises on strong H1 revenue growth
22nd Aug 2014 15:03
Hellermanntyton, the cable ties specialist, rose after it said that revenues in the first half grew strongly at constant currency, helped by double-digit growth in each of its geographies. However, gains were limited after profits came in shy of analysts' expectations. Oil explorer Premier Oil rec
Read moreLiontrust CEO offloads a further £1.15m of shares
8th Aug 2014 15:48
The chief executive of Liontrust, John Ions, made nearly £1.2m from offloading shares in the asset management firm, the company revealed on Friday. Ions, who joined Liontrust's board in May 2010, sold 500,000 shares at 230p a pop, making £1.15m. This follows the exercise of share options and subse
Read moreFTSE 250 movers: Drax rises after High Court ruling
14th Jul 2014 14:35
Shares in energy company Drax Group got a lift today after a High Court ruled in favour of its power station unit subsidies. Following the government's announcement in April that Drax's second unit conversion was no longer eligible for an investment contract under the Final Investment Decision Enabl
Read moreSunday share tips: Halfords, Sports Direct, Real Estate Investors
13th Jul 2014 13:26
Buy shares of Halfords to capitalise on the UK's retail recovery and the growing craze for cycling, Questor advised in the Sunday Telegraph. The shares have risen about 60% since Questor recommended them in early October 2013 but have gone sideways in the past month. The Tour de France has boosted c
Read moreBroker tips: Burberry, StanChart, Halfords, Croda
10th Jul 2014 12:54
Luxury brand Burberry's first-quarter update showed signs of "blowing away some cobwebs", according to Hargreaves Lansdown Stockbrokers. "Burberry provides premium products, has a premium valuation, but has yet to attain a premium rating - however, updates such as this will continue to exert positi
Read moreOriel repeats 'buy' on Halfords after "stellar Q1"
10th Jul 2014 11:43
Oriel Securities has reiterated its 'buy' recommendation for Halfords despite a negative market reaction to a first-quarter statement on Thursday, saying that the update from the car- and bike-parts retailer was "stellar". The broker said that the cycling division was a standout performer, helping
Read moreHalfords pedals past consensus in first quarter
10th Jul 2014 09:29
- Group sales up 7.9%, LFLs up 7.9% - Cycling LFL sales up 21.4% - Guidance unchanged With its public image brightened by a close association with the enormously successful recent launch of the Tour de France, Halfords sprinted past the peloton of first-quarter expectations with strong retail like-
Read moreLondon midday: Stocks gain as UK construction PMI hits four-month high
2nd Jul 2014 12:04
- UK construction PMI hits four-month high - ADP report, factory orders in focus Stateside - Service PMIs, ECB and jobs report due out tomorrow - Mothercare jumps on foreign interest techMARK 2,841.71 +0.32% FTSE 100 6,823.02 +0.30% FTSE 250 15,907.17 +0.42% Figures showing a surprise pick-up in U
Read moreLondon open: Stocks edge higher ahead of key data
2nd Jul 2014 09:21
- Markets await US data, Yellen speech - Services data, ECB meeting and non-farm payrolls due out Friday - Mothercare jumps after Destination Maternity bid techMARK 2,838.22 +0.20% FTSE 100 6,821.55 +0.27% FTSE 250 15,914.05 +0.46% UK stocks edged higher on Wednesday morning though upside was limi
Read moreHalfords steps up cycling strength with Boardman acquisition
4th Jun 2014 12:30
Retailer Halfords has strengthened its focus on cycling with the acquisition of the bicycle-making business set up by former Olympian and Tour de France rider Chris Boardman for an unspecified fee. The FTSE 250 company, which already exclusively sells some Boardman bikes in the UK, Ireland and US
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