(Alliance News) - Stock prices in London were lower heading into Wednesday afternoon, with surging bond yields, pre-US jobs data nerves and Donald Trump tariff fears hitting the mood in the equity market. Read More
(Alliance News) - Hornby PLC on Wednesday said it saw an increase in sales during its third quarter, following momentum in Black Friday and Christmas trading. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday. Read More
(Alliance News) - European stocks closed lower on Thursday as geopolitcal concerns weighed alongside stronger-than-expected domestic inflation data. Read More
(Alliance News) - Hornby PLC on Wednesday said it remains optimistic for the festive season despite a weak performance in the first half. Read More
(Alliance News) - Stock prices in London were mixed heading into Wednesday afternoon, with the FTSE 100 underwhelming after a hotter-than-forecast UK inflation reading. Read More
(Alliance News - Hornby PLC on Tuesday said it has agreed to dispose of subsidiary LCD Enterprises Ltd for around GBP1.4 million. Read More
Hornby PLC - Margate, England-based model railway maker and retailer - Issues trading statement ahead of Wednesday's annual general meeting. For the period from the April 1 to end-August, sales and gross profits have been 10% higher than the previous year, although slightly behind internal forecasts due to timing issues driven by shipping delays. Stresses full-year outcome is subject to the sales rate in the run up to the key Christmas trading period. "Our outstanding order book is strong with new products still to be released. In addition, D2C invoiced sales are up 11% on prior year and 56% up on the same period in 2022," company says. Says whilst inventory levels remain high, on account of planned stock build ahead of peak, total stock holding is 7% lower than the same time last year. Inventory is expected to unwind further over the key Christmas trading period and expectations for the full year are unchanged. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced in August so far and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Hornby PLC - Margate, England-based scale model manufacturer - Lender Phoenix UK Fund Ltd agrees to extend existing credit facility to support company's turnaround strategy. Facility extended to GBP12.6 million from GBP11.3 million. Term extended by 12 months to December 31, 2025. Agreed extension will be at higher interest rate of 15% on funds drawn. Read More
(Alliance News) - Hornby PLC on Thursday said Lyndon Davies will step down as non-executive chair on April 30 due to "personal, health related, reasons." Read More
(Alliance News) - London's FTSE 100 surged on Monday, with blue-chip equities supported by an easing of geopolitical worry, and hope that the Bank of England is getting a handle on UK inflation. Read More
(Alliance News) - Hornby PLC on Monday said its pretax loss widened in the second half of the year despite the company identifying a change in trajectory. Read More
Hornby PLC - Margate, England-based model railway maker and retailer - Mike Ashley, the founder and controlling shareholder of retailer Frasers Group PLC, has signed a consultancy agreement with Hornby. Ashley will support Hornby Chief Executive Officer Olly Raeburn in the areas of systems, operations and logistics, as well as "broader matters of strategy". The agreement follows Frasers taking an 8.9% stake in Hornby last month, and there will be no payment for Ashley's services. Read More
Hornby PLC - Margate, England-based model railway maker and retailer - Buys Corgi Model Club from Blue 14, an investment vehicle majority owned by entrepreneur Jim Lewcock. Corgi toys are die-cast metal models of cars, trucks, buses and planes. They first appeared in 1956, and the brand was purchased by Hornby in 2008. Corgi Model Club was formed in 2021 as a partnership with Hornby. It creates and sells contemporary editions of classic Corgi models to collectors on a monthly subscription. It has 6,000 active subscribers. Hornby will pay GBP400,000 for CMC's existing stock of Corgi models, plus additional consideration of GBP200,000. The deal will add about GBP2 million in annual revenue at a 15% operation margin to Hornby, it says. An earn-out is payable to Lewcock based on CMC's profitability over three years from the acquisition. Read More
(Alliance News) - The FTSE 100 closed lower on Monday, with miners and housebuilders on the decline, though there was some dealmaking impetus among smaller London listings. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - Large-cap stock prices in Europe closed higher on Friday, with Standard Chartered leading the charge in the FTSE 100. Read More