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Festive gifts are ‘not just child’s play’ for industry

By Subi Shah


IT IS the highlight of the British toy industry calendar – DreamToys is an opportunity to regress to those carefree days of childhood when magic was “real” and so was Father Christmas.

At this press view, sensible(ish) grown-ups are given a sneak preview of what the Toy Retailers Association predict breitling watches will be the top 12 best-selling items in the run-up to Christmas and the New Year.

The list is compiled by an independent panel of retailers and industry experts who whittle down a long list to 80 and further again, to 12 ‘must-haves’.

Media spokesman Ravi Vijh said: “The Christmas toy market is worth around £1 billion to the UK toy industry – that’s about 30 per cent of annual revenue being generated in the last few weeks of the year. In that sense, although it looks like child’s play, it is actually a pretty serious business.”

At a preview earlier this month in London, well-healed professionals, suited and booted, were delighted as they danced with twerking llamas, or pretended to drop dead when hit by a foam bullet from a toy gun. It was genuine madness.

Many of the products on display appear to be made of plastic. Surely, reducing plastic waste for future generations should be encouraged by the industry?

Vijh said: “I absolutely agree this is an issue to be tackled and manufacturers have already begun to take action, in that there is far less plastic packaging on newer toys, although more work could be done."

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  • UK share prices close to most stretched levels since 2008 financial crisis.
  • AI infrastructure spending could top $5 tn, with half funded through debt.
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The Bank of England has warned of a potential "sharp correction" in the value of major technology companies, with growing fears of an artificial intelligence bubble reminiscent of the dotcom crash.

The central bank's financial stability report revealed that share prices in the UK are close to the "most stretched" they have been since the 2008 global financial crisis, while equity valuations in the United States are reminiscent of those before the dotcom bubble burst in 2000.

Valuations are "particularly stretched" for companies focused on AI, the Bank warned. It cited industry figures forecasting spending on AI infrastructure could top $5 tn (£3.8 tn) over the next five years, with around half funded through debt rather than by AI firms themselves.

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