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Hornby shares veer off the tracks after model maker warns trading is below expectations and pressure from competitors is cranking up

Shares in troubled model train maker Hornby veered off the tracks today after it said trading in the current financial year was below expectations. The Margate-based toy maker, famous for its train sets, said increased competition, softer demand and reduced promotional activity contributed to a weaker performance. The Hornby share price was down 11.8 per cent,

Housebuilders Barratt and Berkeley post another set of strong results but their shares slide on warnings of market slowdown

There were more good numbers from UK housebuilders today as Barratt Developments and Berkeley Homes posted rising profits despite signs of a slowdown in the housing market. Barratt, the UK’s largest housebuilder, said pre-tax profits rose 12 per cent to £765.1million in the year to June 30, while revenue rose 9.8 per cent to £4.65billion.

Fed sees pickup in economic growth, but inflation remains muted

WASHINGTON (Reuters) – The U.S. economy expanded at a modest to moderate pace in July through mid-August but signs of an acceleration in inflation remained slight, the latest survey conducted by the Federal Reserve showed on Wednesday. “Prices rose modestly overall across the country,” the central bank said in its Beige Book report of the