Halfords Banking On Sat Nav and Bikes

Summary


Shares in Halfords, the Redditch-based car parts and bicycle retailer, rallied last night after spending most of the day in negative territory despite a healthy 7.9 per cent rise in half year profits.

The market rated the result "in line with expectations" and marked the stock down by 3p to 337p in early trading.

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Extract


Halfords Banking On Sat Nav and Bikes

Others spotted a buying opportunity and the shares closed 21/2p up on the day at 3421/2p.

Halfords said profits before tax and exceptional items for ...

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