Shares in British bicycles and car parts retailer Halfords soared as much as 26% on Monday, boosted by the government's announcement that people should consider cycling to work as the coronavirus lockdown is eased.
) soared as much as 26% on Monday, boosted by the government’s announcement that people should consider cycling to work as the coronavirus lockdown is eased.
He urged Britons to continue to work from home where possible, but said those who did have to commute to work should consider cycling or walking rather than taking to their cars.Shapps also said E-scooter trials would be brought forward, with the potential for rental vehicles on UK roads as early as June.
“We have generally been loath to forecast V-shaped post-Covid recoveries but this might be different. Our new numbers today reflect a very strong bounce-back in sales and EBITDA, led by cycling with motoring lagging,” they said.
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