Wolseley Should Be Grateful For Slump in Pound

Wolseley WOS has benefited enormously from the slump in sterling created by the  UK government’s mismanagement of both the economy and the pound. Revenue for the quarter to the 30th April rose by 4.6% at constant exchange rates or 6.6% on a like for like basis. Exchange rate movements alone increased revenue by £423m and […]

Halfords Impacted by Weak Cycling Market

Halfords HFD Preliminary results for the year to 1st April show that cycling was impacted by what management claims were weaker market conditions, which of course absolves them from any responsibility. Like for like group revenue rose by 1.5% and the full years dividend is to be increased by 3% after a 1.2% fall in profit […]