BUZZ-Halfords: cycling uphill
** Halfords -10.5%, set for biggest one-day drop since June 2016 in heavy volume
** Co warns profit will be flat in its current year
** Cites lack of price rises in cycling, currency & a step-up in investment in the business
** Peel Hunt - On the basis that the consensus was for high single-digit growth, the market will be disappointed with that
** "We continue to be concerned that engaging with the customer will be a tough job, and whilst cycling is only the smaller slice of the business here, we’ve passed 'peak bike' and LFL may stay negative for a while here," broker says
** Stock top faller on FTSE 250 & third most actively traded on index
** Had performed well into numbers, up by a fifth from a late March (intraday) low until Monday's close
** Quite a busy day for retailers, with Pets at Home (Frankfurt: A1XFE7 - news) and Topps Tiles (LSE: TPT.L - news) both reporting numbers (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)