UK's Halfords faces $29 million increase in costs from UK budget
(Reuters) -British bicycle and car products retailer Halfords Group on Tuesday forecast its future costs to increase by around 23 million pounds ($28.86 million) due to higher employer social security contributions following the UK budget in October.
UK's Halfords forecasts $29 million cost increase due to UK budget changes
British bicycle and car products retailer Halfords Group on Tuesday forecast its future costs to increase by around 23 million pounds ($28.86 million) due to higher employer social security contributions following the UK budget in October.
Halfords interim profits fall; Budget changes to add £23m in costs
Retailer Halfords said on Tuesday that changes to National Insurance contributions and minimum wage announced in last month’s Budget will increase its costs by around £23m, as it reported a dip in interim revenue and profit.
Motorists hit as Halfords could be forced to raise garage prices after £23m budget hit
The one-stop shop for motorists may be forced to pass on costs to customers following Reeves’ budget, as the chief exec urges the Government to give businesses more support
Halfords shares jump on profit confidence, auto services business
British bicycle and car products retailer Halfords Group on Tuesday forecast its future costs to increase by around 23 million pounds ($28.86 million) due to higher employer social security contributions following the UK budget in October.
Halfords could increase repair and servicing prices after Budget cost hikes from Rachel Reeves
Car service and repair retailer Halfords has announced it may be forced to increase costs at its garages after new price hikes were announced by Chancellor Rachel Reeves in the Autumn Budget. The new Budget measures would raise the company's wage costs by £23million with the retailer warning that the impact of higher national insurance
Halfords could hike garage repair prices after £23m Budget hit
Halfords could be set for garage repair price hikes after revealing measures announced in the Autumn Budget are expected to add £23million to its wage bill.
Halfords issues warning to drivers getting their cars serviced or repairs
Halfords said that the cost implications of next April’s increase in National Insurance contributions (NICs) and the minimum ...
Halfords begs Rachel Reeves for help as it faces £23m employer NI hit
The bike and motor parts retailer warned it may need to hike up garage repair prices to meet the cost of a soaring wage bill.
Halfords may raise garage prices for drivers to cover £23m cost hit from Budget
The car parts-to-bicycle chain said the cost implications of next April's rise in national insurance contributions and the ...
Halfords CEO calls for apprenticeship levy reform as sales and profits stall
Halfords has called on the government to fast-track reforms to the apprenticeship levy, as it posted a mixed performance in ...
Halfords launches huge Black Friday sale with £80 off bike and 'excellent' tool set
A great buy there is the Milwaukee M18 Compact Brushless Percussion Drill at £129.98 down from £179.98. For bikes, there’s ...
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Halfords warns it may raise repair garage prices after £23m Budget hit
Profits fell 1.4 per cent on an underlying basis, to £21 million. Graham Stapleton, chief executive of Halfords, said: “The ...
Halfords pleased with first half progress despite ongoing headwinds
Halfords saw its revenue drop by 1% to £864.8 million in the first half of its financial year as underlying pre-tax pre-tax ...