Halfords, Budget

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 Warns of Profit Hit Due to U.K. Budget, Rising Costs
The motoring-and-cycling products provider said Tuesday that the measures announced in the U.K. budget will add around 23 million pounds ($28.9 million) of direct labor costs, of which only around 9 million pounds was already included in its fiscal 2026 plans and is fully mitigated.
Halfords set to take a £23m hit from the Budget and could raise garage repair prices
Halfords prepares for the impact of the Budget with a £23 million hit and hints at potential garage repair price increases.
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.
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.
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
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 warns it may raise repair garage prices after £23m cost hit from Budget
Retailer Halfords has signalled it may look to raise repair garage prices as it warned that Budget measures will send its ...
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 Shares Rise on Backed Full-Year Guidance
Halfords shares rose on Tuesday morning after the company said it is comfortable with meeting market expectations for the full year, but warned of increased costs ahead. The stock is up 14% at 147 ...
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.
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Halfords warns it may raise repair garage prices after £23m Budget hit
Halfords said only around £9 million of the extra cost burden was already included in its plans for 2025-26 and mitigated.