Halfords Falls as Customers Cut Spending on Car Maintenance
This article is for subscribers only.
Halfords Group Plc, a U.K. seller of car parts and bicycles, declined to the lowest in almost two years in London trading after saying motorists were spending less on doing up their cars.
Halfords fell 15.7 pence, or 4.4 percent, to 341.5 pence, the lowest since September 2009 and the biggest fall in six weeks, giving the Redditch, England-based company a market value of 695 million pounds ($1.13 billion).