Hornby shares were suspended at 11.40am after the early rise in the stock but trading started again in late afternoon.
Hornby has had a chequered past but has been improving more recently. It has withdrawn from the toy and radio control market and has been concentrating more on its core trains and Scalextric businesses which it is aiming more at adult enthusiasts rather than children.
In November it posted a slight fall in profits to pounds 973,000. It has been cutting overheads and improving its manufacturing and sourcing operations. It has enjoyed success with model railway collectors by introducing liveried ranges which include locomotives with the Virgin and GNER colours as well as the Eurostar trains and suburban commuter lines.
In the 1980s Hornby ran into the sidings when it acquired a speedboat manufacturer and expanded into the cut throat toy market. The shares hit a low of 96p in 1995 but have since been recovering under new chairman Peter Newey. Sales of its core trains and Scalextric games and accessories have been selling well.Reuse content