08-Aug-2008
Story Timeline: 64 days
Stanley Gibbons offers investors rare stamps such as this Penny Black Stamp seller Stanley Gibbons has seen a rise in profits saying - investors are steering away from erratic financial markets and seeking other investments. Pre-tax profits for the six months to June rose by 6% to £1.8m, on sales that jumped by 12% to £9.8m. And it said online transactions were gaining popularity, with about £2.4m of sales through its websites. Stanley Gibbons sells rare stamps such as Penny Blacks and the autographs of celebrities and historical figures. 'All-consuming' Chairman Martin Bralsford said rare stamps and autographs were a good means of diversification and were also a "safe haven" in volatile economic times, helping to hedge against inflation. "Collecting is an all-consuming passion. That is why the prices of rare stamps and...
[read full story]