The departure of Halfords CEO David Wild has seemingly cheered investors but analyst sentiment is less clear-cut.
Non-executive Chairman Dennis Millard is now in charge of the shop while the struggling seller of bikes and car parts looks for Wild's replacement. The news came as Halfords released its first-quarter trading statement, in which it revealed that full-year pre-tax profit will be in the range of £62m to £70m, compared with the current market consensus forecast of £75m.The firm also expects like-for-like (LFL) sales comparisons to be negative - or at best flat - for the remainder of the financial year. Nevertheless, shares were 3.98% higher at 205.25p in afternoon trade. Previous backers...
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