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Halfords raises profit guidance as warm summer boosts trading


By Goran Nastic

Halfords has upgraded its FY27 underlying pre-tax profit guidance ahead of market consensus, following a boost from "unusually warm summer weather", sending shares up by 10%.

Halfords now expects FY27 underlying profit before tax to be between £55m and £65m, ahead of current consensus of £52.6m, putting even the bottom end of the new profit range above most previous forecasts


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Unilever puts Colman’s up for sale ahead of McCormick deal

Unilever has put its Colman’s mustard brand up for sale as it seeks to address potential competition concerns ahead of its planned $44.8bn combination of its foods business with US condiments group McCormick

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System1 issues ‘unequivocal rejection’ of Brave Bison offer

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Goodwin doubles profit in FY results

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AEW UK REIT abandons AIRE pursuit

AEW UK REIT (AEWU) has withdrawn from the contest for Alternative Income REIT (AIRE), stating it has no intention of making a firm offer after failing to secure the backing of AIRE's largest shareholder, Glenstone.

In a Rule 2.8 statement released on Wednesday to the London Stock Exchange (LSE), AEWU said Glenstone's public opposition to its proposed all-share acquisition, together with Glenstone's own cash bid for AIRE, had rendered a combination unworkable despite support from the AIRE board

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Watkin Jones cuts profit guidance following deal delays

Shares in Watkin Jones dropped by over 5% earlier today after the residential for rent developer and operator said that it is unlikely that all of its investor transactions will conclude in the current financial year

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'Meaningful improvement' in UK corporate sentiment

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Macfarlane Group starts ‘process of profit recovery’ in H1

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Brave Bison profit jumps 120% in H1

Brave Bison has reported a profit before tax of £4.1m in the six months to 30 June, marking a 120% year-on-year increase

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easyJet takeover offer deadline extended to mid-October

Shares in easyJet showed little sign of investor concern on Tuesday after Apollo-backed bidder Eagle Bidco announced a delay to the publication of the scheme document for its proposed £5.7bn takeover of the airline.

The UK Takeover Panel approved an extension, pushing the deadline from 3 September to 15 October as the parties continue discussions with aviation regulators

Govt agrees to invest £71m into Tungsten West to reopen mine

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P&O Ferries pays £94m Merchant Navy Ratings Pension Fund debt

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NatWest makes fresh US push after post-crisis retreat

NatWest has secured approval to establish a representative office in Connecticut, marking its first significant attempt to expand in the US since the financial crisis as changes to UK banking rules ease restrictions on overseas operations
WPP and Bain Capital prepare potential sale of Kantar

Advertising group WPP and private equity firm Bain Capital are reportedly planning a sale of Kantar, jointly owned by the two companies, with advisers likely to be appointed this autumn to oversee the disposal of the market research and data analytics business.

The disposal could take place in stages, with Kantar's consumer data business potentially valued at $5bn-$7bn

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