Stamp firm in online move

STANLEY Gibbons, the UK’s largest stamp collecting firm, said yesterday that it is investing in the launch of an online trading website for collectibles.

CEO Mike Hall told City A.M. that he felt there was a gap in the market to launch an eBay-style site for high-end collectibles. “I’ve always believed that our market needs this and we are the best ones to provide it,” he said.

With the firm reporting a 17 per cent rise in sales, Hall added that growth had been booming both at home and abroad. He said that collectibles had become an attractive prospect for investors while interest rates continue to remain at record low rates.