Day: January 16, 2021

Mercado becoming markets editor at CNBC

Darla Mercado

CNBC personal finance writer Darla Mercado is becoming a markets editor for the business news website.

She starts her new position next week.

As a personal finance writer, she has been writing about taxes, retirement planning, insurance and more. Mercado is also a Certified Financial Planner professional.

She has been at CNBC since July 2016. She previously spent eight years at Crain’s Investment News writing about retirement, life insurance, tax planning and estate planning, among other issues.

She also worked the Pension Resource Institute, where she taught retirement plan advisors about the value of fiduciary education.

Mercado holds degrees from University of Maryland-Baltimore County and New York University.

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Rush for bikes helps Halfords power into profit

Sales at Halfords shifted up a gear in the last quarter of 2020 as the bikes-to-car parts retailer rode a lockdown cycling boom.

Its shares jumped by almost 8 per cent, or 22p, to 299½p after it said that its sales had increased 11.5 per cent in the three months to January 1.

However, the company warned that bike sales were likely to be lower in the next three months of bad weather.

It added that it was still deciding whether to repay the government’s furlough money and would “provide an update when the Covid-19 situation becomes clearer”.

Halfords said that there had been a 35.4 per cent rise in like-for-like cycling sales, below the 49 per cent like-for-like growth in bike sales for the overall financial year so far. “Lockdowns weakened demand and supply chain disruption delayed stock arriving into the business,” it said.

Like-for-like sales of motoring products

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