Hornby trains slowed by snow

MODEL train maker Hornby, which also owns Scalextric and Airfix, has warned its profits will be below forecasts after sub zero temperatures hit Christmas sales.

It said that the lower-than-expected sales in the festive season meant stores were unlikely to order as much fresh stock in the next few weeks. The company expects its pre-tax profits in the year to 31 March 2011 to be below current market expectations,
December’s severe weather meant fewer shoppers braving the elements, leaving retailers struggling to meet sales targets.