At 1150 GMT, shares in Hornby, which has made toys over the past century after starting life as Meccano Ltd in 1907, were up 0.3 percent, having fallen to 193p.

Hornby's net debt fell from £18.8million in September to £18.2million at the end of the year, while the group said it had made a 23 per cent reduction in inventories since the end of March to £ ...