Stanley Gibbons expects Royal Wedding boost

City A.M. Reporter
British stamp-collecting and memorabilia firm Stanley Gibbons Group said it expected 2010 revenue to beat market estimates, and it would benefit from the sale of commemorative collectible products related to the royal wedding.

The royal wedding, to take place at London's Westminster Abbey on 29 April, is seen boosting Britain's economy by nearly $1bn.

The company, which acquired collectibles business Benham from Flying Brands in September 2010, said profits for the year to 31 December, were broadly in line with market expectations.

"This (Benham) business stands to benefit from sales of associated first day covers and other commemorative collectible products marking the most exciting royal event in recent years," the company said in a statement.