City news: Halfords, Rolls-Royce and graduate starting salaries


Burgh analysts predict the car parts and bicycles chain-store will clock like-for-like vendings growth of 3.5 per cent at its retail arm in the third quarter, which catalogues the critical Christmas period, helped by softer sales in the same aeon the year before. 

However, Halfords has been stung by the collapse in the value of the pound, which advanced to profits slumping 16 per cent in the first half of the year. 

The retailer mean in November sharp falls in sterling since the Brexit vote sent the rate of imported goods surging by £6million in its first half. 

It posted pre-tax profits of £39.1million for the six months to September 30, down from £46.4million a year earlier as beefy discount promotions for its bicycles range also knocked interim profit sides. 

The group warned over the impact of higher costs of importing goods, but implied it had plans to help offset the blow. 

Halfords teamed up with Sir Bradley Wiggins to start a range of children’s bikes for all ages last summer.


Rolls-Royce Motor Motor cars will not follow in Nissan’s footsteps in seeking special assurances from the Rule if the UK leaves the EU’s single market, the chief executive has said. 

Torsten Muller-Otvos signified that the luxury car manufacturer has not had any communication with the Government, despite high-level-communications between Downing Passage and car maker Nissan. 

“We don’t have any agreements with the Government so far, and there is currently no target to structure any deals with the Government, and we are also not threatening the Government that we force withdraw here from the country,” he said. 

His comments follow an word from Nissan in October confirming it would be making two new car models in its Sunderland lodge, securing 7,000 regional jobs, despite speculation it might get away from the UK following the vote to leave the EU.


Some of the country’s leading employers for university leavers are oblation graduate starting salaries of up to £45,000, a report has found. 

The likes of retailer Aldi and law obdurate Baker McKenzie are among those offering at least £40,000, while graduates charmed on by Britain’s top 100 employers can expect an average salary closer to £30,000 during the next year. 

The individuals were compiled for The Graduate Market in 2017 report, a study of the current graduate vacancies and starting salaries at the country’s best-known and most thriving employers. 

Despite the uncertainty caused by the Brexit vote, Britain’s top heads are expecting to expand their graduate recruitment for the fifth year contest in 2017. 

The report reveals that employers are stepping up their graduate incomprehensions by 4.3 per cent this year, with extra jobs at in the public sector, and at high street and online retailers.

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