H&T strikes gold
The UK's largest pawnbroker posted a 70% surge in half-year profits to £14.5m after trade at its 'Gold Bars' shopping centre sites more than tripled.
The price of gold: current high market prices have fuelled desire for customers to sell their gold
H&T Group expects its full-year profits to beat market expectations after TV advertising increased awareness of current high market prices and fuelled desire among customers to sell their gold.
The firm (up 20p at 293p) has 56 buying sites, known as Gold Bars, in shopping centres across the UK.
Gold purchasing volumes contributed £12.6m, up from £3.3m in the same period last year.
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