Pawnbroker H&T polishes image with stock market
Pawnbroker H&T saw its shares jump 4 per cent yesterday as the company cheered the City with a forecast that full-year profits would be “above current market expectations”.
H&T, celebrating its 120th anniversary this year, said that “the strong trading performance of the first half of the year has been maintained. The gold price has also remained broadly in line with the first half which benefits the group’s pawnbroking scrap and gold purchasing segments”.
John Nichols, group chief executive,said:“wehavedelivered a strong trading performance during the second half in the key segments of pawnbroking, retail and personal loans.
“This is the result of several years investment in products, people and systems to address the new consumer and regulatory landscape.”
In August, H&T posted a 62 per cent jump in pre-tax profits to £6 million. The shares closed up