Hornby cautious on Christmas trading

Model railways group Hornby kept profits in line with last year today after a “creditable” performance in the face of difficult market conditions.

The group, which also sells Scalextric slot car racing sets and owns operations in Spain and Italy, said profits of £2.5m (€3.7m) in the six months to September 30 were just shy of the £2.6m (€3.85m) seen a year earlier.