Hornby, the model train maker, has sold off its slot car racing brand Scalextric to a US drinks tycoon for £20m.

Purbeck Capital Partners seals deal for business and property rights of toy with model railway maker ...

Hornby has agreed to sell iconic slot car brand Scalextric to Purbeck Capital Partners for £20m, using the proceeds to cut debt and refocus on core brands including Airfix and model railways.

Hornby, the model railway firm advised by Mike Ashley, has agreed to sell toy car racing brand Scalextric for £20m.

Mr Brown has also committed to supporting Hornby with its own strategic restructuring programme, aiming to develop a portfolio of profitable brands functioning independently. Marg ...

The building was originally single story, and had its factory at the back, as well as a shutter door at each side "like a kind of a giant garage", Weaver said, where the goods would come in and out.

Waymo vehicles have reportedly racked up more than 200 million miles of autonomous driving on public roads. But it’s yet to run into a tornado or an elephant, and odds are that it’d respond poorly if ...

The Tesla Model S will go down in history as the car that helped change the way people think about electric cars. However, the trailblazing EV's time is about to come to an end, with Tesla CEO Elon ...

Last weekend, I sat in my kitchen to build and paint an Airfix model. I’d experimented before with mindful colouring and adult Lego, but this was my first try at the solo bachelor activity par ...

The National Oceanic and Atmospheric Administration has introduced a new suite of weather forecasting models that are driven by Artificial Intelligence and are expected to deliver faster and more ...

Gary Marcus, professor emeritus at NYU, explains the differences between large language models and "world models" — and why he thinks the latter are key to achieving artificial general intelligence.

Amazon has announced a new family of frontier artificial intelligence models—and a new way for customers to build frontier models of their own. The ecommerce giant announced the second generation of ...