Halfords blame ‘weak pound’ for annual profits loss
Annual profits at Halfords have been hit by the weak pound despite a strong rise in sales. It reported pre-tax profits fell 10.5% to £71.4m for the year to March. Revenue was up 7.2% to nearly £1.1bn, boosted by the acquisition of upmarket bike business Tredz/Wheelies. Like-for- like revenues rose 2.7%. Halfords said higher import…