Games Workshop upgrades outlook

The share price of FTSE 250 hobby firm Games Workshop (LON:GAW) has surged 11.82% to 3,701.40p (as of 14:20 BST) after it gave an update for the period since its half-year results. Sales and profits are both ahead of the same point last year and royalty income has also improved after the signing of new agreements.

The board now expects that profits before tax for the year ending 2nd June will be around £80 million and has also announced the payment of a 35p dividend.