HORNBY REMAINS ON TRACK THANKS TO CHINA

Toy maker Hornby said yesterday it was trading well, with weakness in Europe being offset by an improved supply chain in China.

The company, which is renowned for its model railways, said in a trading update: “The effect of pent-up demand in Europe, now being satisfied by improved supplies from China, and the positive impact of incremental sales of London 2012 merchandise gives us confidence in the out-turn for the year.”