Halfords' chief exec starts assembling stake
A round-up of the biggest director deals today so far.
Halfords' chief executive David Wild has opened his account in the bicycle and car parts retailer, spending nearly £100,000 on his first batch of shares in the group.
He bought 40,000 shares at just under 245.1p a time.
Wild was appointed to his role at Halfords in August, joining the company from US supermarket giant Walmart, where he was Senior Vice President New Business Development in San Francisco. He has also worked as president of Walmart's German division.
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
Earlier in his career he was with Tesco (1985-2003) where he held a variety of roles including developing and latterly leading their business in Central Europe.
Last month, Halfords, whose share price is down by about a quarter over the past year, reported a rise in quarterly profits year-on-year and predicted full year profit would be in line with expectations.
The firm did see some signs of weakness though, with sales down 1.1% stripping out the contribution of new stores.
Speaking as the group delivered its results, Wild outlined his intention to put his experience in Central Europe to good use as he detailed Halfords' expansion plans.
"The success of our initial pilot in Central Europe encourages us to accelerate our operations in this region to secure future growth," he said.
Halfords has 451 stores across the UK and Republic of Ireland, and two in the Czech Republic.
Top Director Buys
Value: £211,750
Value: £79,326
Value: € 99,992
Value: £98,040
Value: € 59,996
Value: € 54,000
Value: € 50,006
Value: £24,000
Value: £20,600
Value: £15,000
Top Director Sells
Value: £934,110
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published