H&T: Profit jumps due to ‘ongoing constraint in the supply’ of short-term loans Retail The UK’s largest pawnbroker and short-term loan business, H&T, announced a double-digit profit jump in the first half of the year as Brits showed no sign of reining in loan demand. Profit before tax was £9.9m in the six months to 30th June, up 12.5 per cent from the £8.8m reported in the same period [...]
Ramsdens: Pawnbroker ups guidance on high gold price Retail and leisure Pawnbroker Ramsdens reported good trading momentum in its third quarter, with profit before tax expected to come in ahead of expectations, mainly thanks to higher gold prices. The company said it expected profit to rise eight per cent this year, from £10.1m in 2023 to £11m. Revenue was helped by the high gold price, which [...]
‘A beneficiary of recent UK economic malaise’: Pawnbrokers are still doing well. Live! Britain’s biggest pawnbroker H&T reported strong sales in line with expectations for the first six months of the year despite improving an economic climate in the UK. The value of H&T’s pledge book, which tracks short term loans via the pawnbroker, increased by four per cent to reach £105m in the first half of the [...]
Pawnbroker H&T snaps up Essex firm as recession drives Brits to borrowing February 21, 2024 Pawnbroker H&T has snapped up a rival firm in Essex for £11.3m, as the business continues to profit from cash strapped Brits amid an economic squeeze.