Rams­dens finds back of the net

Yorkshire Post - Business - - NEWS / BUSINESS -

Pawn­bro­ker Rams­dens is on track to hit full year ex­pec­ta­tions de­spite the sum­mer heat­wave hit­ting de­mand for for­eign cur­rency.

The group, which has 14 stores in York­shire and is the main shirt spon­sor for Sh­effield United, said for­eign cur­rency ex­change in­come fell 2 per cent in the six months to Sep­tem­ber 30, hit by ex­cep­tion­ally hot UK sum­mer weather.

Rams­dens’ chief ex­ec­u­tive Pe­ter Kenyon said: “The group has had a good first half, re­flect­ing the strengths of our di­ver­si­fied busi­ness model and out­stand­ing value-for-money cus­tomer of­fer­ing.

“Whilst there have been head­winds for the for­eign cur­rency ex­change mar­ket in the UK driven by ‘stay­ca­tion’ trends over the sum­mer, our in­vest­ments in pawn­broking, jew­ellery re­tail and the store es­tate have de­liv­ered pos­i­tive re­sults and helped to un­der­pin an over­all first half per­for­mance in line with the board’s ex­pec­ta­tions.”

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