Halfords

Ticker HFD

Today's data summary

Market closed
% change
+0.74%
Price Pence
354.60
Change
+2.60
As of 21:16 20 Jul 2018
Market cap. Pound sterling
706.07 million
As of 21:16 20 Jul 2018

Latest updates

New finance boss for Halfords

Halfords logo on store
PA

Halfords, the motoring and bike retailer, has appointed a new chief financial officer.

Loraine Woodhouse, who is currently finance director at Waitrose, will take up the post on 1 November.

She succeeds Jonny Mason who is due to leave on 31 July.

Halfords' falling profits 'in line with expectations'

BBC Business News

Halfords, the cycling and car maintenance company, has reported a 5% fall in underlying pre-tax profits to £71.6m on full-year revenue up 2% at £1.1bn.

Cyclist
Halfords

Like-for-like sales for the 12 months to 30 March rose by 2%, lifted by the Redditch company's cycling business.

For the year, like-for-like sales in Halfords' bike unit rose by 2.9% despite a sharp fall in recent trading which saw same store revenue slide by 4.1% in the last 11 weeks of its financial year.

Chief executive Graham Stapleton, in his first annual results announcement for Halfords since joining the company from Carphone Warehouse, said: "We are pleased with the full-year performance in a challenging retail environment, with profits in line with expectations."

Revolving door swings for Halfords' finance chief

Revolving door
Getty Images

The revolving door between some of the UK's most recognisable high street brands continues.

Halfords' finance chief Jonny Mason has announced that he is moving to Dixons Carphone as group financial director.

Mr Mason was briefly interim chief executive at Halfords from September 2017 to January 2018, before the bike and car accessory retailer's current chief executive Graham Stapleton joined from Dixons Carphone.

And Mr Mason is the replacement for Humphrey Singer, who is leaving Dixons Carphone and heading over to M&S to become its finance boss.