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Halfords still stuck in low gear

Shares rally but company faces obstacles to hitting mid-term targets
Halfords still stuck in low gearPublished on November 26, 2024
  • Cycling market volumes a third below 2019 levels
  • Pressure on tyres market looks to have eased

The 14 per cent bounce in Halfords' (HFD) share price after a fairly pedestrian set of results might have been more surprising if the shares hadn’t fallen by the same amount on the back of a similarly anodyne trading statement last month.

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