Halfords raises profit outlook but warns of uncertainty after Budget

Retailer Halfords has said profits are set to be better than forecast thanks to a recent recovery in trading, but warned of an uncertain consumer outlook after Budget tax increases (Paul Faith/PA) - (PA Wire)

Retailer Halfords has said profits are set to be better than forecast thanks to a recent recovery in trading, but warned of an uncertain consumer outlook after the tax-raising Budget.

The car parts-to-bicycles company said retail trading rebounded over Christmas, with like-for-like bike sales jumping 13.1% in December.