Halfords shares surge

Halfords shares surged after Britons were advised to cycle to work.  Transport Secretary Grant Shapps urged people to carry on working from home but said anyone who does have to commute should try to walk and cycle.  The Government is thought to be planning a £250m investment into cycling lanes and mulling trials for electric scooters, which are banned on roads and pavements.  Halfords is the UK's biggest bike retailer with 450 repair centres and about a quarter of the UK market share. It is also one of the biggest sellers of e-scooters.  In pictures: Coronavirus (COVID-19) outbreak around the UK (Picture Services) With the spread of the novel coronavirus (COVID-19) causing significant global disruption in 2020, the U.K. responded by announcing strict country-wide measures aimed at slowing the spread of the virus. After ordering pubs, bars, restaurants, theatres, gyms and leisure centres across the country to close indefinitely, Prime Minister Boris Johnson addressed the public on March23; outlining strict exercise and shopping limits, ordering all shops other than food stores and pharmacies to close, and implementing a ban on public gatherings of two or more people.FirstSecretary of State Dominic Raab, while deputising for Prime Minister Boris Johnson as he recovered from coronavirus (COVID-19), announced on April 16 that the U.K. lockdownwouldcontinuefor at least another three weeks. (Pictured) NHS Lead Research Nurse Arlene Lee poses inside the Naive at Westminster Abbey in London, England on May 11. A rise in the popularity of baking during the coronavirus (COVID-19) lockdown appears to have caused many major supermarkets across the UK to suffer a shortage of flour in recent weeks. The Office for Budget Responsibility (OBR) warned the coronavirus (COVID-19) pandemic could see the U.K. economy shrink by a record 35 percent by June.  A man wears a religious placard on Market Street in Manchester, England on March 25.  Workers sell food and household items to local residents from their ice cream van at a supported housing estate in west Belfast, Northern Ireland on April 1. Soldiers and private contractors help to prepare the ExCel centre in London, which is being made into the temporary NHS Nightingale hospital comprising two wards, each of 2,000 people, to help tackle coronavirus, on March 30.  Prime Minister Boris Johnson gives a press conference on the ongoing situation with the coronavirus (COVID-19) pandemic with chief medical officer Chris Whitty (L) and Chief scientific officer Sir Patrick Vallance (R) in Downing Street after he had taken part in the government's emergency Cobra meeting in London, England on March 16.

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