Business

Partnerships, acquisitions and investment news throughout the cycling industry

FMD costs outdoor sector £30m. And rising.

The Outdoor Industries Association has carried out another survey of its 300+ members. This showed that four in five businesses trading in the outdoor leisure sector saw significant reductions in turnover during April

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Bike2Work on 20th June

The BA, the ACT and CoBR are three of the ten cycle organisations behind the planning of this year's Festival of Cycling (formerly known as National Bike Week). The key PR event of the Festival is Bike2Work Day

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£23m awarded to FMD-blighted regions

Details are sketchy right now but Michael Meacher, the minister in charge of the Rural Task Force, has announced that Devon, Cumbria, the North East and Welsh Borders will benefit from the emergency £23m

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Has the chemistry gone? Will Boots flog Halfords?

It’s profitable but it’s not soapy enough for Boots The Chemists: “It does not fit with our strategic intent,” said a Boots spokesman. According to the Sunday Times, a number of bidders are circling the bike and auto accessories chain. However, Boots said today that no bid has been received and the chain is not for sale

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Lakefield acquires H Young plc

Lakefield's hostile bid for the owner of Madison, launched by 'Mr Magic Tree', has been successful, today notching up 91 percent shareholder acceptance of its terms

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FMD is far from beaten says PM, and OIA agrees

Yesterday's recognition by Tony Blair that "foot and mouth isn't beaten yet" and that there is more to do in overcoming the crisis caused by the enforced closure of much of the British countryside has been cautiously welcomed by the Outdoor Industries Association (which repeats its demand for cheap loans for FMD-blighted businesses)

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Halfords revamp plugged by ‘Retail Week’

The weekly trade magazine for retailers doesn’t mention Halfords very often but today it devotes a whole page to the store and logo redesign and the new emphasis the 410-strong chain has on wooing the enthusiast customer

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Actionleisure shares temporarily suspended

Actionleisure plc – formerly known as Caverdale Group plc before a name change in January 2000 – is the parent company of Crabtree Sports and Leisure. An announcement about an acquisition or a disposal is expected on Monday, hence the suspension of the shares

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