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Hornby PLC (HRN.L)

HRN.L on London Stock Exchange

24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Hornby reports FY pretax loss, announces turnaround plan
Wednesday, 22 Jun 2016 02:27am EDT 

Hornby Plc : Preliminary results and turnaround plan . £8 million placing to support delivery of group's strategic objectives . Renegotiation of banking facilities for three-and-a-half years . Turnaround plans involve reducing business scale and costs . Turnaround plan involves streamlining european operating model; leveraging central infrastructure . Board now intends to reduce number of individual product lines by approximately 40 per cent . In UK, group intends to exit a majority of its concession arrangements . New business plan expected to give rise to restructuring costs in current fy of about £1.7 million across UK and European operations . Fy pretax loss -13.5 million stg versus -200,000 stg loss year ago .Fy revenue fell 4 percent to 55.8 million stg.  Full Article

Hornby says appoints David Mulligan as interim finance director
Thursday, 26 May 2016 02:01am EDT 

Hornby Plc : Has appointed David Mulligan as interim finance director .David will report to Steve Cooke, who was appointed to role of chief executive in april 2016, having served previously as hornby's group finance director.  Full Article

Hornby plc confirms change of finance director
Wednesday, 1 Jul 2015 09:05am EDT 

Hornby plc:Confirms that Finance Director Nick Stone will step down from Board after the General Meeting on July 13.As previously announced Steve Cooke who joined the Group on June 10 will be appointed to the Board as Finance Director on July 13.  Full Article

Hornby PLC proposed 15 mln placing
Thursday, 18 Jun 2015 02:01am EDT 

Hornby PLC:Has secured new equity funding of 15 mln Pounds (before expenses) by way of placing of 15,789,474 new ordinary shares at price of 95 pence per new ordinary share.And that it will use part of proceeds of placing to repay part of existing bank debt.  Full Article

Hornby confirms Thomas The Tank Engine licence
Friday, 15 May 2015 02:00am EDT 

Hornby PLC:To re-launch its classic range of Thomas the Tank Engine model railway sets.Agrees a new licence with HIT to re-launch the Thomas & Friends(tm) range.Product range already available to pre-order from website.  Full Article

More From Around the Web

BRIEF-Hornby appoints David Mulligan as finance director

* David Mulligan, who joined hornby as interim finance director in May 2016, has now been appointed finance director on a permanent basis, with immediate effect Source text for Eikon: Further company coverage: