(Alliance News) - Stock prices in London faltered at midday Friday, despite strong gains by Standard Chartered, as the wave of euphoria after Nvidia's blow-out earnings began to fade. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
(Alliance News) - Shares in Hornby PLC shot up on Friday, after the company announced Frasers Group PLC has upped its stake in the company, the Sports Direct owner's latest target in its retail sector investment frenzy. Read More
(Alliance News) - Hornby PLC on Wednesday said that it was boosted by first time buyers during Black Friday sales as sales rose in its third financial quarter. Read More
Hornby PLC - Margate, England-based model train maker - Says revenue in the six months to September rose 6.3% to GBP23.8 million from GBP22.4 million a year prior due to the an increase in sales direct to consumers. Meanwhile, pretax loss widened to GBP5.1 million from GBP2.9 million the year before, as underlying overheads rose 17% to GBP14.6 million. This is due to an "increase in minimum wages, general inflationary increases and increased focus on direct selling routes and e-commerce costs including personnel." Looking ahead, Hornby expects full-year profitability to be "depressed" as it restructures the business and makes "necessary investments in people and processes." Nevertheless, maintains high single digit or low double digit revenue growth guidance for the full-year. Chief Executive Olly Raeburn comments: "Whilst topline revenue is growing, and remains in line with management guidance for the full year, there is a cost increase associated with what's being implemented. We head into the key Christmas trading period with a strong order book, a full calendar of promotional activity and a strong team in place. Whilst we do not expect the full benefits of this year's initiatives to take effect until the next financial year, I remain excited about the progress being made and look forward to seeing the impact of these changes over the next 12 months." Read More
Hornby PLC - Margate, England-based model train maker - Tells annual general meeting on Wednesday that sales and margins are ahead of a year before in the first five months of the financial year that began on April 1. Trading is in line with the company's forecast back in June of low double-digit revenue growth in financial 2024, and these expectations are unchanged. All will depend on the key Christmas trading period, but Hornby says it order book is strong with new products still set to be released. Internet invoiced sales are up 34% on last year and 81% on 2021. Hornby said its inventory remains high at the end of August, but this is expected to unwind over Christmas, and progress has been made on clearing aged stock. Read More
Sondrel Holdings PLC - Reading, England-based semiconductor company - Chief Financial Officer Joe Lopez stands down with immediate effect and "by mutual agreement". He will step down as a director before September 30. Sondrel appoints Nick Stone as non-board interim CFO, effective from Thursday. Stone most recently was CFO of Braemar PLC from 2019 to 2023; he also has served as CFO at The Appointment Group Ltd, Hornby PLC and KBC Advanced Technologies PLC. Sondrel has initiated its search process for a permanent CFO. Read More
(Alliance News) - Castelnau Group Ltd on Monday said it assisted Hornby PLC, which is part of its portfolio, in its 25% stake acquisition in Warlord Games Ltd. Read More
(Alliance News) - Hornby PLC on Friday said it acquired a 25% share in Warlord Games Ltd for around GBP1.3 million, while it extended the term and amount of its existing credit facility. Read More
(Alliance News) - Hornby PLC on Thursday said poor sales performance prevented targeted annual revenue growth. Read More
(Alliance News) - Hornby PLC on Friday said its Non-Executive Director Henry de Zoete will step down in order to take up a full-time role as advisor to UK Prime Minister Rishi Sunak and Deputy Prime Minister Dominic Raab on artificial intelligence. Read More
(Alliance News) - Hornby PLC said on Tuesday that it expects a "modest" loss for financial year ended March 31, after sales for the latest quarter failed to fully recover its previous performance shortfall. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - Hornby PLC shares tumbled on Tuesday, as it warned of a "modest" loss in its current financial year despite a strong Christmas trading period. Read More
(Alliance News) - Hawkish words from Federal Reserve policymakers supported the dollar and hurt equities prices on Tuesday, as stock-market traders weigh up the prospect of US interest rates being higher for longer. Read More
(Alliance News) - Stock prices in London were called to open lower on Tuesday, surrendering some gains made in a decent start to the year so far, with investors fretting once again about US interest rates. Read More
(Alliance News) - Hornby PLC on Thursday said its losses widened in the first half of its financial year, following high costs and increased overheads. Read More
(Alliance News) - Hornby PLC on Tuesday appointed Paperchase Chief Executive Officer Oliver Raeburn as its own new chief executive, taking over executive responsibilities from Chair Lyndon Davies in January. Read More
Castelnau Group Ltd - closed-ended investment firm - Invests GBP1.6 million in equity and an unsecured loan of GBP4.4 million in Silverwood Brands PLC. Says it is the first significant investment in a new entity since Castelnau was listed on the London Stock Exchange in October last year. Silverwood is a London-based investing company targeting food, organic food, wellness, lifestyle and leisure sectors. Read More