Mike Ashley’s Frasers Group increases Hornby stake March 22, 2024 Mike Ashley's Frasers Group has further increased its stake in model train maker Hornby.
Mike Ashley steps up involvement in Hornby with chief consultancy role March 20, 2024 Mike Ashley has stepped up his involvement in model trains brand Hornby after becoming a consultant to its chief executive.
Hornby makes first acquisition since major investment by Mike Ashley’s Frasers Group March 11, 2024 Hornby has made its first acquisition since Mike Ashley's Frasers Group invested in the company last month.
Mike Ashley’s Frasers Group significantly ups stake in model trains maker Hornby February 23, 2024 Mike Ashley's retail empire Frasers Group has significantly increased its stake in model railways manufacturer Hornby.
Hornby: Model railway maker’s losses off track due to slower Christmas demand November 23, 2023 The maker of iconic model railway's Hornby saw losses mount in its half year results, amid a slower ramp up in demand headed into Christmas.
Model railway maker Hornby puts the brakes on non-UK orders due to Brexit uncertainty December 16, 2020 Model railway maker Hornby will not accept international orders until next year due to Brexit uncertainty, it announced this afternoon. Hornby said it has paused all non-UK orders until 4 January 2021. Shares in the retailer, which also sells Scalextric racing kits, fell seven per cent following the announcement. In a statement the company said: [...]
Hornby eyes £15m raise for ‘solid foundation’ February 21, 2020 Model train maker Hornby is seeking to raise £15m today as it seeks a “solid foundation” to build on with brands like Airfix and Scalextric. It will do that by issuing almost 42m new shares at 36p each, with chief executive Lyndon Davies saying: “The strengthening of our balance sheet provides a solid foundation for [...]
Model railway brand Hornby narrows losses after putting brakes on discounting November 28, 2019 Model railway brand Hornby narrowed its losses in the first half of the year as the company ramped up full-price sales and put the brakes on discounting. The figures The company reported a loss after tax of £2.71m in the six months to 30 September, from a £3.23m loss the previous year. Read more: Hornby [...]
Hornby wants to build a Brexit model train that doesn’t work September 25, 2019 Toy train maker Hornby has said it regrets “not producing a Brexit-themed model” in a trading update issued to investors ahead of its AGM later today. “We regret not producing a Brexit themed model. Our new grasp of social media has shown us that people are passionate about sharing their views on the topic,” Hornby [...]
Hornby expects revenue to fall despite turnaround plan April 9, 2019 Model train-maker Hornby said today revenue for the year would be lower than the previous year due to issues with stock shortages. In a trading update for the year to 31 March it said that despite these “legacy issues”, its underlying margins have improved and reduction in overheads has continued. Read more: Hornby narrows losses [...]