Hornby says Davies resigns as non-executive chair for health reasons
(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 moreThu, 18th Jun 2020 08:46
(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(Sharecast News) - Models and collectibles group Hornby said in an update on Monday that its underlying losses before tax had weakened in the second half of its financial year, as sales remained broadly stable and its margins took a hit.
Read more(Sharecast News) - Retailer Mike Ashley is to act as an adviser to Hornby, it was confirmed on Wednesday, after the tycoon's Frasers Group boosted its stake in the model specialist.
Read moreHornby 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(Sharecast News) - Models and collectibles business Hornby said on Monday that it has acquired The Corgi Model Club from Blue 14, an investment vehicle majority-owned by entrepreneur Jim Lewcock.
Read moreHornby 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(Sharecast News) - London stocks finished with a mixed performance on Friday, as Standard Chartered underpinned the top-flight index following its announcement of a $1bn share buyback programme.
Read more(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