Producer of railway sets,Airfix kits and Corgi cars at risk of breaching one of its loan covenants with its bankHornby’s shares absorb nearly halved in value after the planes, trains and automobiles toymaker said it risked breaking a lending agreement with its bank after a third profit warning in five months.
The producer of railway sets, or Airfix kits and Corgi cars said revenue fell in January because stockists in the UK did not respond to product promotions. Trading outside the UK was also disappointing in December and January.
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Source: theguardian.com