Halfords profits beat expectations as garage growth fuels turnaround

Halfords has beaten analyst expectations as its turnaround plan began to gain traction, with the retailer forecasting profit towards the top end of market forecasts for the year ahead.
The motoring and cycling specialist reported underlying profit before tax of £45.4m for the year to 3 April, ahead of analyst expectations of £40.3m.
Reported pre-tax profit came in at £43.6m, marking a return to the black after the business posted a £30m loss last year.
Revenue rose five p