Halfords boss David Wild has spent £137,000 on shares in the bike and car parts retailer less than a week after slightly better than expected full-year profits.
Wild bought 40,000 shares at 343p each, just a few pennies off the 52-week high of 346p. They were down near 200p last October.
Profit before tax and exceptional items for the 52 weeks to 27 March rose to £92.4m from £90.2m the year before. Analysts had predicted £91.5m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
A 0.3% drop in revenue to £794.7m still beat the £790m forecast. Like-for-like sales fell 3.3%.
The car maintenance business delivered strong like-for-like sales growth, allowing the group to continue to grow its market share, while the cycling arm benefited from range development and government initiatives.
Halfords recommended a final dividend of 10.9p a share, making a total of 15.9p for the year, up 5%.
Top Director Buys
Value: € 1,046,250
Value: € 202,000
Value: £137,200
Value: £21,000
Value: £20,000
Top Director Sells
Value: £627,402
-
What’s changing with employers’ National Insurance – and how will it impact you?You might think the upcoming changes to employers’ National Insurance won’t impact you unless you’re a business owner, but experts have warned it could limit pay rises, cause redundancies, and push inflation higher.
-
Will Donald Trump invade Greenland?Trump has announced renewed interest in taking over Greenland, an autonomous territory of Denmark. Why does he want it and what are the implications?
