News Column

Gold price fall hits H&T profits

August 20, 2014

? A fall in the price of gold and "intense" competition left H&T, Britain's biggest pawnbroker, nursing a sharp slide in half-year profits today. H&T, which has 191 outlets, added that the fall-out from the crackdown on payday lenders was felt too as profits dived to 2m in the six months to 30 June, from 4.6m a year earlier. H&T said the average gold price fell by 22 per cent to 773 per troy ounce during the first half, causing profits from gold purchasing to slump from 3.8m to

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Source: City A.M. (UK)

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