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UK's Games Workshop falls as tariff, cost concerns overshadow record profit
The Warhammer maker reported 11% revenue growth and a reduced dividend as it braces for about £13 million in new import duties.
Summary by Reuters
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4 Articles
UK's Games Workshop falls as tariff, cost concerns overshadow record profit
Shares in Games Workshop fell as much as 6.5% on Tuesday after the British miniature wargames maker flagged tariff headwinds and higher plastic prices stemming from the Iran war, overshadowing record annual profit.
'I thought this would be drama-free': Games Workshop gets tariff reprieve
Games Workshop pocketed a £7.8 refund from the US administration after the Supreme Court rules Donald Trump’s ‘liberation day’ tariffs to be illegal, the company has said in another positive trading update. The Warhammer maker told investors it had initially paid US customs £12m to continue trading across the Atlantic, a considerable hit to the firm’s balance sheet. But it managed to reclaim £7.8m of those charges, after the US’s Supreme Court d…
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