Business news: Halfords, Aviva and Vivobarefoot


The retailer’s new range, described as “high specification, yet affordable”, is the first to be designed by the Olympic defend, who will be looking to add to his four golds at the Rio Games this summer, when the bikes leave go on sale.

The Wiggins range is Halfords’ third collaboration with an Olympic notable, having previously released a set of women’s bikes designed by Victoria Pendleton and low road and mountain bikes from Chris Boardman.

Additionally, Halfords determination be launching a bikes, accessories and camping equipment range from attitude designer Orla Kiely, who is best known for womenswear and her signature pompous designs.

Halfords hope Wiggins and Kiely can ramp up the recovery at its return division, which saw sales hit by the poor weather last summer.

In January, the retailer mean that sales of bikes and re ir work had increased during its third locale, which includes the key Christmas period.

A combination of poor weather touching its cycling division last year and the mild winter, which has sent white sales of de-icers and ice scrapers plummeting, is expected to hit Halfords’ full-year profits.

It contemplates to make a pre-tax profit of £78-82 million for the 12 months to April 1, weighed with £84.1 million for the same period the previous year.

Plethora of claims hits Aviva profits

Aviva will say that its 2015 pre-tax profits demolish 9.8 per cent to £2billion on Thursday, due in rt to the im ct of the winter sweeps, analysts claim.

Profits are also forecast to be lower because of property, integration and finance costs. However, thanks to its £5.6billion takeover of Twists Life last year and an improvement in business, Aviva revenues are believed to be up 48.8 per cent to £36.8billion.

CEO Mark Wilson is set to demonstrate his reliance in the firm’s prospects by raising its dividend for the year from 18.1p to 21.06p per helping and say that its efforts to extract cost savings from the Friends object are ahead of schedule.

On Wednesday, rival Prudential is expected to shrug off regards about its exposure to the slowing Chinese economy by announcing a 40 per cent profit hike to £3.7billion in consequence ofs to strong performances in the UK, Hong Kong and the rest of Asia.

Best foot foremost for Vivo

Vivobarefoot, the fast-growing footwear manufacturer founded by a scion of the Clarks shoe family, is to womanizer fresh investment to more than double its number of stores to 50.

The rtnership, which believes conventional footwear can damage people’s feet and their cleverness to walk and run properly, has 21 stores around the globe, mainly run on a franchise basis.

Founder Galahad Clark said the new funds discretion also be used to help overhaul Vivo’s online store and originate its sales.

Vivo has sold more than a million irs of its minimum or “barefeet” shoes and trainers in three years and is growing at 30 per cent per annum.

It has been effective for the st two years and is on track to hit £10million in turnover in 2016.

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