UK retailer of motoring and cycling products and services
Several major retailers report profit declines amid slowing demand and stretched inventories. H&M flags slower half-year sales, TFG plans store closures and cost cuts, and Halfords surges on momentum as it raises profits outlook.
Investigations show major retailers have marketed e-scooters for road use despite UK law banning privately owned devices from public spaces. The PA and regulators note that rental schemes comply with rules, while enforcement increases.