Hornby on the right track

The model train group Hornby today reported a 16% rise in annual profits and said it was confident of riding out a slowdown in consumer spending.

The company posted a pre-tax profit of £7.5m for the year to March 31, up from £6.5m last year. It said it was aware some retailers were feeling the pinch of wider economic pressures, but added that trading in the current financial year had begun well.

One day I will get a Scalextric set and up their profits.

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