SHARES in Games Workshop fell by as much as 6.5 per cent yesterday after the Warhammer maker warned US tariffs and high plastic costs could hurt its profits.
The Nottingham company, famous for its sci-fi and fantasy miniatures, said Donald Trump’s trade levies could be costing it £13million this tax year.
Shares in Games Workshop fell by as much as 6.5% Credit: Getty – Contributor
Games Workshop said Donald Trump’s trade levies could be costing it £13million this tax year Credit: Alamy
It heaps on pressure to a firm that has become a London stock market darling.
Prices and operational changes should offset some of the pain.
Sign up for the Money newsletter
Thank you!
Games Workshop paid roughly £12million in tariffs last year but recovered £7.8million after many of them were declared unlawful.
Boss Kevin Rountree admitted he had expected a “drama-free” year, adding: “How wrong I was.”
SALE AWAY
British homeware chain launches ‘everything must go’ sale as it closes 23 stores
CHILL FACTOR
Simba summer duvet keeping shoppers cool ‘despite the heatwave’ slashed by 20%
The firm also expects a £2million hit from dearer plastic, with the Iran War disrupting supply chains and pushing energy prices higher.
But Games Workshop’s warning overshadowed record results.
Pre-tax profit rose 4.9 per cent to £275.7million in the year to May 31, powered by the cult-like demand for its fantasy content.
But royalty income dropped to £32.9million, from £52.9million a year earlier.
Games Workshop said this was expected after releasing blockbuster video game Space Marine 2 in 2024.
It comes as film and TV projects are planned for the hit Warhammer franchise.
Games Workshop has repeatedly shunned the use of AI-generated creative works.
COST RISES TO SPREAD
UNILEVER has warned shoppers of rising prices for staples including Marmite, Hellman’s mayonnaise, and Dove soap.
It said they would get more expensive in the second half of the year as its extra costs feed through to the supermarkets.
But it came despite a bumper trading update.
Its sales volume surged by 5.5 per cent, the strongest rise in a decade.
Shares surged six per cent after the firm upgraded its annual outlook.
CEO Fernando Fernandez praised a “strong performance” but also said the economic backdrop remains uncertain.
BARCLAYS UP
BARCLAYS has posted a 17 per cent jump in half-year profits as its investment bank cashed in on dealmaking and volatility.
The bank made £6.1billion before tax in the first six months of 2026, beating analysts’ forecasts of £5.9billion.
Income at its investment bank climbed 11 per cent to £8billion, helped by stronger trading, equities and fees.
And its UK bank income rose eight per cent to £4.5billion.
DIGITAL BOOM
DIGITAL bank Monzo has signed up its one-millionth business customer, cementing its growing grip on the country’s small firms.
The milestone comes six years after Monzo Business launched in 2020.
The bank claims one in six UK businesses now use its services.
Its business customer base has doubled in under two years, fuelled by rising demand for quick and simple digital banking.
