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The Independent UK
The Independent UK
Business
Henry Saker-Clark

Hornby to sell loss making miniature car maker Oxford Diecast

Hornby Mike Ashley
Hornby is to sell its Oxford Diecast business as part of a strategic review (Alamy/PA) -

Hornby has agreed to sell off a loss-making subsidiary which makes Oxford Diecast models.

Shares in the scale models group rose after it confirmed the deal, which comes as part of a strategy to boost profitability at the Mike Ashley-backed business.

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