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Hornby steers sale of 70 year old Scalextric for £20m
- On 2026-02-27, IAG reported that operating profits for 2025 rose 13.1% to five billion euros, with revenues up 3.5% to 33.2 billion euros.
- IAG cited sector-leading operational improvements, better on-time performance and customer satisfaction, and a positive outlook for 2026 supported by compelling market dynamics.
- Shareholder moves include a final dividend of 5 euro cents per share, totaling 448 million euros, and IAG plans to return $1.5 billion in buybacks, with a 49% North Atlantic market share.
- In a move to strengthen its balance sheet, Hornby Hobbies announced the sale of Scalextric for up to £20 million to Purbeck Capital Partners, with proceeds to fund debt reduction and investments in brands like Airfix.
- The buyer established Scalextric Motorsports to hold the marque, with Mark Brown, Purbeck Capital Partners CEO, committing to Hornby restructuring and honoring Scalextric's nearly 70-year history.
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IAG has recorded a profit after taxes of 3,342 million euros, 22.3% more than a year earlier, as reported this Friday by the company, which has also announced a program of repurchase of shares for 1.5 billion euros and an increase of 8.9% of the dividend to be distributed. Thus, the aeronautical holding entered 33,213 million euros, 3.5% more, of which 28,969 million came from revenue from the passage. The costs reached 28,189 million euros, 1.3…
The IAG Group anticipates 'positive outlooks for 2026 supported by attractive market dynamics'
·Barcelona, Spain
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Total News Sources17
Leaning Left2Leaning Right1Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 25%
C 63%
12%
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