Halfords director doubles stake

Nigel Wilson, a senior independent director at the car parts and bicycle retailer Halfords, has nearly doubled his stake in the firm, spending just less than £70,000 on shares.

He took 20,000 at 349p a time and now has 41,000.

Wilson, who is also chief financial officer at the business publisher United Business Media, joined Halfords in May 2004.

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Halfords has performed well given tough economic conditions over the past year.

In July, the firm said sales in the quarter to end June increased by 3.1%, compared with this time last year, with like-for-like sales growth of 1.3%. Adjusting for the impact of Easter, sales increased by 1.9% representing like-for-like sales growth of 0.1%.

"This sales performance demonstrates an improving trajectory and was underpinned by strong multi channel growth, with Reserve and Collect revenues 55% higher than last year," Halfords said.

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