H&T Group delivers in line with expectations
H&T Group, a High Street pawnbroker, has said that it expects its pre-tax profits to be in line with expectations.
H&T Group, a High Street pawnbroker, has said that it expects its pre-tax profits to be in line with expectations.
Over the period the group continued to expand, and boosted its stores numbers by 26.
The firm said that its core pawnbroking operations have continued to perform well, and has become the first UK pawnbroker to build a pledge book of over £50m.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
At the year-end the group's pledge book was £51.6m, which it said was driven by both new store openings and the group stratifying its interest rates to become more competitive on larger loans.
Gold purchasing was down on the previous year, as had been expected.
The share price rose 4.38% to 295p by 13:45.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
How retirement pots risk running out 11 years early if inflation remains highPension savers could find their retirement income may not last as long as they anticipated over fears that inflation may not slow down
-
How extending stealth tax freeze would cancel out pensioners’ Winter Fuel Payment by 2030Pensioners relying on just the full new state pension face paying tax on their income within a few years, as the payment rises but thresholds remain frozen
