SHOPPERS on the hunt for jewellery and watches are set to be targeted by struggling pawnbroker H&T in a bid to boost its profits.
The company said a plunge in the gold price meant there was a growing opportunity to sell trinkets more cheaply to punters.
It came as the company reported a 61 per cent decline in pre-tax profits for the year ending 2013.
"We will further strengthen our retail of jewellery," the firm said in a statement. "This move is one of a series of steps we will take to reduce the impact of gold price volatility on our business."
H&T, led by
"Gold price is off its absolute low for the year but we still anticipate a tough year for the group," Finncap analyst
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