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,
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.
Shares in low-cost airline Ryanair fell today after it said changes to its bag policy would cost it over €50million per year. The Dublin-based carrier announced it will no longer allow all passengers to have two pieces of hand luggage on board from 1 November, but will still put the bigger one in the hold
Elon Musk is so convinced solar roof tiles are the way forward he has stuck them on his house. And where the Tesla founder goes a lot of people follow. That bodes well for Verditek, a green technology firm put together by the acquisition of three early stage businesses that started trading on Aim last month.
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