Halfords to repay furlough cash as cycling sales soar

Halfords cycle-repair-technician

Halfords is set to pay back its furlough payments in full as trading so far this year has been “stronger than initially anticipated across the business”.

The cycling specialist will pay back £10.7m of furlough support and said it now expects its full-year pre-tax profit to be in the range of £90m to £100m after this repayment. 

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