Halfords Group Plc

Type: Company
Name: Halfords Group Plc
First reported 21 hours ago - Updated 19 hours ago - 2 reports

Brokers' round-up, Halfords Group out of favour

StockMarketWire.com - Exane BNP Paribas retains neutral on Halfords Group, target cut from 380p to 340p. Deutsche Bank cuts Halfords Group to sell from hold, target cut from 310p to 300p. Liberum Capital cuts Taylor Wimpey to hold from buy, target raised ... [Published Stock Market Wire - 19 hours ago]
First reported 20 hours ago - Updated 20 hours ago - 2 reports

Halfords Group PLC : Director/PDMR Shareholding

Halfords Group PLCAnnouncement of transaction in ordinary shares by a Director/PDMRThe Company was informed on 24 May 2013 that Matt Davies purchased 10,000 of the company's ordinary shares at a price of 319.6p per share. Following this transaction, the ... [Published Investegate - 20 hours ago]
First reported May 23 2013 - Updated 22 hours ago - 8 reports

London close: Markets tumble as stimulus hopes fade

LONDON (ShareCast) - The recent bullish mood on equity markets quickly faded on Thursday as mixed messages from the Federal Reserve and a slowdown in China sparked a heavy sell-off on the FTSE 100 (FTSE: ^FTSE - news) , which lost more than two per cent ... [Published Yahoo! UK and Ireland - May 23 2013]
First reported May 23 2013 - Updated 22 hours ago - 3 reports

Halfords Group Price Target Cut to GBX 340 by Analysts at BNP Paribas (HFD)

Investment analysts at BNP Paribas dropped their target price on shares of Halfords Group (LON: HFD) from GBX 380 ($5.84) to GBX 340 ($5.23) in a note issued to investors on Friday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating ... [Published Mideast Time - 22 hours ago]
First reported May 23 2013 - Updated May 24 2013 - 5 reports

Halfords shares fall as dividend cut by a third

HALFORDS yesterday warned that profits would be held back over the next two years as the bicycle-to-car parts retailer unveiled a three-year turnaround plan to reach 1bn sales by 2016.Shares in the FTSE 250 firm plummeted 15 per cent yesterday after it ... [Published Equities.com - May 24 2013]
First reported May 24 2013 - Updated May 24 2013 - 2 reports

Pedalling fast but still a long way to go

SINCE he joined Halfords in October last year, new boss Matt Davies has had anything but an easy ride. But yesterday's results really sent the wheels spinning off - shares fell 16 per cent after he revealed a 25 per cent drop in profits and a third shaved ... [Published Equities.com - May 24 2013]
First reported May 24 2013 - Updated May 24 2013 - 2 reports

Halfords' boss invests £100m but warns profits will dive

The chief executive of Halfords has launched a stinging attack on the state of its retail business and admitted profits will fall over the next two years as it invests £100m to turn around its performance.Matt Davies, the former boss of Pets at Home who ... [Published NewsRT.co.uk - May 24 2013]
First reported May 23 2013 - Updated May 24 2013 - 4 reports

It will be a long slog to get back, warns Halfords

Halfords warned of a long uphill slog to recovery yesterday as profits tumbled by 22 per cent and its dividend was slashed by a third to pay for a £100m revamp of the struggling car parts and cycling retailer. New chief executive Matt Davies pledged to ... [Published Yorkshire Post - May 24 2013]
First reported May 23 2013 - Updated May 23 2013 - 3 reports

Halfords launching charm offensive to placate shareholders after slashing dividend to fund £100m revamp of...

Halfords is launching a charm offensive to placate shareholders after slashing its dividend to fund a £100m revamp of the car parts-to-bicycles chain.Shareholders reacted with horror at the 35 per cent cut, sending the shares down 18 per cent and prompting ... [Published NewsRT.co.uk - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 2 reports

Halfords eyes three-year turnaround but investors take fright

Halfords ' chief executive has outlined a three-year turnaround plan for the struggling bicycles and car parts chain, but it will come at a cost to investors, who have seen the dividend cut by 35%.Matt Davies has set a sales target of 1bn by 2016, but ... [Published Birmingham Star - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 4 reports

Halfords slashes dividend as profits tumble 22%

Car parts and cycles retailer Halfords has unveiled a three-year strategy to boost its sales after unveiling a 22 per cent plunge in annual profits.The group also proposed a 35 per cent reduction in its final dividend to 9.1p a share to fund the overhaul ... [Published NewsRT.co.uk - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 4 reports

Halfords slashes dividend to fund 3-year investment plan

LONDON — Cycles-to-car-parts retailer Halfords has cut its dividend by a third to help fund a multi-million pound investment programme, warning this would keep earnings below last year's level for the next two years. Shares in the British company, up ... [Published Oman Observer - May 23 2013]

Quotes

...In a note entitled "Up all night to get happy", the broker’s George O Connor said that while the firm’s new design technology looks "very attractive... the price idea seems out of line with current industry thinking" and reckons customers will be slow to switch to new products. He raised his target price to 2,091p for shares currently hovering around 2,39
Morgan Stanley analysts said while there was no "immediate cause for concern" at Next, they "do think it will be very difficult to replicate the spectacular margin expansion we have seen over the last decade"
"Historically supply chain has been a function focused on cost and service. Now it has a strategic, transformative role as we need to achieve much better availability with lower stock.”"
"Much stronger than expected measures on the German IFO business survey weren’t enough to inspire a return to ‘buy the dip mode’ which suggests bulls may already be treading more cautiously" said Matt Basi, the Head of UK Sales Trading at CMC Markets

More Content

All (376) | News (359) | Reports (0) | Blogs (10) | Audio/Video (0) | Fact Sheets (2) | Press Releases (5)
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Market Report: Rough ride endured by rattled re... [Published The Independent - 6 hours ago]
Halfords Group plc planning three-year turnaround [Published SME Web - 8 hours ago]
Halfords slashes dividend [Published The Gulf Today - 8 hours ago]
Halfords website now offering premium cycling b... [Published Bike Radar - 13 hours ago]
London close: Stocks off again, Yen keeps stren... [Published Yahoo! UK and Ireland - 13 hours ago]
Next slides as Morgan Stanley says sell and buy M [Published Telegraph - 14 hours ago]
FTSE 100 ends volatile week with a near 1% fall [Published Equities.com - 14 hours ago]
Footsie flounders again [Published Proactiveinvestors United Kingdom RSS feed - 14 hours ago]
Amazon the ‘elephant in the room’ as retailers ... [Published Handling and Storage Solutions - 15 hours ago]
Retailers investing £5bn in move to omni-channel [Published Logistics Manager - 15 hours ago]
FTSE 250 movers: AVEVA climbs on cash return plans [Published Coutts Woman - 15 hours ago]
Market Movers - Top risers and fallers at 16:00 [Published MoneyAM - 16 hours ago]
Wall Street continues on the low road [Published Proactive Investors.co.uk - 16 hours ago]
Hikma Pharmaceuticals shrinks stake [Published London South East - 16 hours ago]
Hikma Pharmaceuticals shrinks stake [Published Coutts Woman - 16 hours ago]
Roadshow success: Warwick Gates gets a taste of... [Published Warwickshire Web - 17 hours ago]
FTSE 100 on a downer ahead of bank holiday [Published Proactive Investors.co.uk - 18 hours ago]
Stock Analysts’ Downgrades for May, 24th (BDEV,... [Published American Banking News - 18 hours ago]
Brokers' round-up, Halfords Group out of favour [Published Stock Market Wire - 19 hours ago]
Why Halfords' spot-on comms strategy has everyt... [Published The Drum - 19 hours ago]
Market round-up: Footsie steadies after US and ... [Published London Evening Standard - 19 hours ago]
London midday: Markets fall as caution sets in [Published Coutts Woman - 19 hours ago]
McDonald’s building up for sale [Published Longford Leader - 19 hours ago]
Stock Analysts’ Price Target Changes for May, 2... [Published American Banking News - 20 hours ago]
Market Movers - Top risers and fallers at 12:00 [Published MoneyAM - 20 hours ago]
Halfords Group PLC : Director/PDMR Shareholding [Published Investegate - 20 hours ago]
Director/PDMR Shareholding [Published TrustNet - 20 hours ago]
Market Movers - Top risers and fallers at 11:00 [Published MoneyAM - 21 hours ago]
Halfords invests in digital as part of new plan... [Published Internet Retailing - 21 hours ago]
FLASH: Exane BNP Paribas retains neutral on Hal... [Published Stock Market Wire - 21 hours ago]
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Blogs

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Bernanke and China deal FTSE 100 double blow [Published Proactiveinvestors United Kingdom website - May 23 2013]
The UK’s blue chips slumped on Thursday, taking their lead from equity markets around the world. Fed chairman Ben Bernanke had shares flying high yesterday after he appeared to encourage more asset purchases. But his comments that the US central bank ...
Broker Round-up part 2: TyraTech, Providence Re... [Published Proactiveinvestors United Kingdom website - May 08 2013]
Insecticide specialist TyraTech ( LON:TYR ) now has all pieces of the jigsaw puzzle in place to deliver good growth. That’s the view of broker First Columbus, which says the company now has all the products, commercial partners and regulatory stamps ...
Broker Round-up: Marks & Spencer, Sports Direct... [Published Proactiveinvestors United Kingdom website - Apr 12 2013]
Tumbleweed blowing through retail parks, closing down sales signs in every shop window: that’s the foreboding image of the retail sector created by Cantor Fitzgerald today. The accounts of Britain’s general retailers have been ripped to shreds by ...
In the papers: New City watchdog under fire ove... [Published Proactiveinvestors United Kingdom website - Apr 11 2013]
The Times  Deal of the day: Deltex Medical rallied after the US Government made it easier for doctors in one of the AIM company's most important markets to recoup the cost of its ODM probes, which help to monitor patients undergoing surgery. That, ...
Miners extend FTSE 100 lead after Chinese boost [Published Proactiveinvestors United Kingdom website - Apr 10 2013]
Mining stocks helped the UK’s top share index to its third straight day of gains on the back of some encouraging import data from China. The emerging global superpower, which is the world’s top consumer of metals, saw imports rise 14%, more than twice ...
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Press Releases

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SALMON LEAPS INTO AUDI UK DIGITAL ROLE [Published CisionWire - English - Mar 22 2013]
Thule Smart Solutions for Family Holidays [Published CisionWire - English - Mar 19 2013]
PINARELLO CYCLES AT HALFORDS FROM FEBRUARY [Published CisionWire - English - Feb 22 2013]
Salmon joins WPP [Published CisionWire - English - Jan 23 2013]
Morrisons launches first transactional eCommerc... [Published CisionWire - English - Dec 12 2012]
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