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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Hornby lifted by Star Wars and Olympics

Model maker Hornby - best known for its Airfix, Corgi and Scalextric brands - has jumped more than 8% despite a £1.1m fall in full year profits to £4.1m.

Investors overlooked the profit decline after the company said it expected a boost from its London 2012 Olympic merchandise, and also announced it had won a worldwide licence for a range of Star Wars Scalextric products. Chief executive Frank Martin said:

As the [Star Wars] films are converted into 3D format by Lucasfilm over the next few years, we anticipate we will get an encouraging reaction to our new range of speeder bikes and X-wing fighters.

Its shares are currently 10p higher at 129p.

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