{"id":2026923,"date":"2019-02-28T12:13:25","date_gmt":"2019-02-28T12:13:25","guid":{"rendered":"http:\/\/www.thebusinessdesk.com\/westmidlands\/?p=2026923"},"modified":"2019-02-28T12:13:25","modified_gmt":"2019-02-28T12:13:25","slug":"halfords-exits-the-ftse-250","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250","title":{"rendered":"Halfords exits the FTSE 250"},"content":{"rendered":"

Halfords has dropped out of the FTSE 250 after its shares fell more than 30% in less than a year.<\/p>\n

The retailer issued a profit warning in January after poor trading in the run-up to Christmas, which dragged its shares down to a six-year low.<\/p>\n

Halfords had revealed underlying profits for the financial year to March 2019 were expected to be between \u00a358m-\u00a362m, which would be the fourth consecutive year of falling profits for the group.<\/p>\n

\"\"<\/p>\n

The companies that are in the FTSE 100 and FTSE 250 are reviewed quarterly. Halfords’ market value of \u00a3470m is more than \u00a3100m lower than three months ago.<\/p>\n

Phoenix and Just Eat have been promoted to the FTSE 100 in place of GVC and Wood Group, while AJ Bell, Kier Group and Pets At Home have entered the FTSE 250.<\/p>\n

 <\/p>\n

\"\"

Halfords’ share price hit a six-year low in January<\/p><\/div>\n

Halfords chief executive Graham Stapleton had sought to reassure investors about its longer term prospects.<\/p>\n

Speaking last month, he said: “Halfords is a robust business and we firmly believe that the strategy we outlined in September is the right direction for the business.”<\/p>\n

That strategy sought to improve the shopping experience, improve its offer of services and increase cross-selling.<\/p>\n","protected":false},"excerpt":{"rendered":"

Profit warning and share price drop results in retailer dropping out<\/p>\n","protected":false},"author":18,"featured_media":1737442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"coauthors":[81],"class_list":["post-2026923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-featured-story"],"yoast_head":"\nHalfords exits the FTSE 250 | TheBusinessDesk.com<\/title>\n<meta name=\"description\" content=\"Profit warning and share price drop results in retailer dropping out\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Halfords exits the FTSE 250 | TheBusinessDesk.com\" \/>\n<meta property=\"og:description\" content=\"Profit warning and share price drop results in retailer dropping out\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250\" \/>\n<meta property=\"og:site_name\" content=\"West Midlands\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-28T12:13:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.thebusinessdesk.com\/_files\/images\/nov_10\/businessdesk__1290080568_Halfords_Store2_-_cropped.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1\" \/>\n\t<meta property=\"og:image:height\" content=\"1\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Turner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alex Turner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250\",\"url\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250\",\"name\":\"Halfords exits the FTSE 250 | TheBusinessDesk.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/nov_10\/businessdesk__1290080568_Halfords_Store2_-_cropped.jpg\",\"datePublished\":\"2019-02-28T12:13:25+00:00\",\"dateModified\":\"2019-02-28T12:13:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d\"},\"description\":\"Profit warning and share price drop results in retailer dropping out\",\"breadcrumb\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250#primaryimage\",\"url\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/nov_10\/businessdesk__1290080568_Halfords_Store2_-_cropped.jpg\",\"contentUrl\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/nov_10\/businessdesk__1290080568_Halfords_Store2_-_cropped.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Halfords exits the FTSE 250\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#website\",\"url\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/\",\"name\":\"West Midlands\",\"description\":\"Regional business news for West Midlands\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d\",\"name\":\"Alex Turner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/image\/78a21fc2ed768148b316e904976a1633\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g\",\"caption\":\"Alex Turner\"},\"url\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/author\/alexturner\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Halfords exits the FTSE 250 | TheBusinessDesk.com","description":"Profit warning and share price drop results in retailer dropping out","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250","og_locale":"en_GB","og_type":"article","og_title":"Halfords exits the FTSE 250 | TheBusinessDesk.com","og_description":"Profit warning and share price drop results in retailer dropping out","og_url":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250","og_site_name":"West Midlands","article_published_time":"2019-02-28T12:13:25+00:00","og_image":[{"url":"https:\/\/www.thebusinessdesk.com\/_files\/images\/nov_10\/businessdesk__1290080568_Halfords_Store2_-_cropped.jpg","width":1,"height":1,"type":"image\/jpeg"}],"author":"Alex Turner","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alex Turner","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250","url":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250","name":"Halfords exits the FTSE 250 | TheBusinessDesk.com","isPartOf":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250#primaryimage"},"image":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250#primaryimage"},"thumbnailUrl":"https:\/\/www.thebusinessdesk.com\/_files\/images\/nov_10\/businessdesk__1290080568_Halfords_Store2_-_cropped.jpg","datePublished":"2019-02-28T12:13:25+00:00","dateModified":"2019-02-28T12:13:25+00:00","author":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d"},"description":"Profit warning and share price drop results in retailer dropping out","breadcrumb":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250#primaryimage","url":"https:\/\/www.thebusinessdesk.com\/_files\/images\/nov_10\/businessdesk__1290080568_Halfords_Store2_-_cropped.jpg","contentUrl":"https:\/\/www.thebusinessdesk.com\/_files\/images\/nov_10\/businessdesk__1290080568_Halfords_Store2_-_cropped.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2026923-halfords-exits-the-ftse-250#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.thebusinessdesk.com\/westmidlands\/"},{"@type":"ListItem","position":2,"name":"Halfords exits the FTSE 250"}]},{"@type":"WebSite","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#website","url":"https:\/\/www.thebusinessdesk.com\/westmidlands\/","name":"West Midlands","description":"Regional business news for West Midlands","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.thebusinessdesk.com\/westmidlands\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d","name":"Alex Turner","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/image\/78a21fc2ed768148b316e904976a1633","url":"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g","caption":"Alex Turner"},"url":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/author\/alexturner"}]}},"_links":{"self":[{"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/posts\/2026923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/comments?post=2026923"}],"version-history":[{"count":0,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/posts\/2026923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/media\/1737442"}],"wp:attachment":[{"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/media?parent=2026923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/categories?post=2026923"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/coauthors?post=2026923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}