Halford dips

Halfords has seen like for like sales dip, despite an increase in demand for bikes and ride-ons.
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The company has seen like-for-like sales, which exclude new stores, slip 1.1% in the quarter to September.

But, despite this, it is still expected to make a full-year profit of around £94m, according to some analysts.

Halfords said it was benefiting as commuters bought more bikes to avoid soaring petrol prices.

“The group's strong cash flow see it well positioned in these challenging conditions and I remain encouraged by our prospects for the remainder of the year," said chief executive David Wild.

The group's strong cash flow see it well positioned in these challenging conditions and I remain encouraged by our prospects for the remainder of the year," said chief executive David Wild.

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