Albemarle & Bond reduces shop openings as gold buying falls

Shares in Albemarle & Bond fell on Tuesday after the pawnbroker said it is planning to slow the number of new shop openings following a reduction to gold buying volumes.

Shares in Albemarle & Bond fell on Tuesday after the pawnbroker said it is planning to slow the number of new shop openings following a reduction to gold buying volumes.

The firm said that while volumes have remained in line with the levels seen in the fourth quarter, the figures actually represent a "major reduction" on the peak seen in the first half of the full year, with no recovery expected.

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