H&T reassures with solid update in trying times
7th Jan 2014 14:47
Despite increased competition and reduced gold in circulation, pawnbroker H&T Group shored up its balance sheet and maintained a solid pledge book. In a trading update prior for calendar 2013 the AIM-listed group said it expected to report profit before tax to be in line with current market expect
Read moreH&T Group's Financial Director steps down
25th Oct 2013 10:00
H&T Group's Finance Director Alex Maby is stepping down from the UK pawnbroker. Maby will leave the board in late November and depart from H&T at the beginning of December. Commercial Director Steve Fenerty will take over from Maby. He has 20 years of experience in the consumer credit business,
Read moreFriday broker round-up UPDATE
6th Sep 2013 08:01
Antofagasta: Canaccord Genuity lowers target price from 1035p to 1020p, while leaving its buy recommendation unchanged. Ashmore Group: Canaccord Genuity downgrades from buy to hold with a target price of 380p. Associated British Foods: Societe Generale upgrades to hold with a target price of 1900p
Read moreH&T Group's profits hit by volatile gold prices
24th May 2013 08:12
H&T Group's shares fell Friday after the financial services and pawnbroker company said it expects volatile gold prices will impact pre-tax profits. The firm, which offers pawnbroker services to sell new, old, broken or unwanted gold, estimates that a 10% movement in the price of the metal will sha
Read moreFriday broker round-up UPDATE
24th May 2013 08:00
Aveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating. Barratt Developments: Lib
Read moreFriday tips round-up: Aviva, IMI, H&T Group,
8th Mar 2013 06:45
Aviva has come a long way and yesterday´s dividend cut does not negate all that has been achieved since Mark Wilson took over at the helm last May. The company needed to decrease its pay-out to reduce the strain from interest payments on profits. The real challenge, however, will be to increase the
Read moreH&T Group delivers in line with expectations
7th Jan 2013 13:27
H&T Group, a High Street pawnbroker, has said that it expects its pre-tax profits to be in line with expectations. Over the period the group continued to expand, and boosted its stores numbers by 26. The firm said that its core pawnbroking operations have continued to perform well, and has becom
Read moreFriday tips round-up: IG Group, H and T, Heritage Oil
22nd Jun 2012 06:53
Questor in the Telegraph says the spreadbetting firm IG Group has done well to recruit high quality 'high roller' clients in the UK but the number of active clients (e.g. people making bets) has fallen one per cent in its home market. Australia has also seen the number of active clients drop. Yieldi
Read moreH and T cashing in on credit squeeze
8th Mar 2012 08:47
High Street pawnbroker,H and T says it has benefited from a consumer credit squeeze, while gold purchasing continues to drive profits. Adjusted profits before tax for 2011 were £23.5m, a 13.9% gain on 2010. Earnings per share rose 4.8% to 51.12p while the full year dividend has been hiked 13.2% to
Read moreMonday broker round-up - UPDATE
9th Jan 2012 09:19
InterContinental Hotels: Deutsche Bank upgrades to buy from hold. Fresnillo: Deutsche Bank upgrades to buy from hold. Antofagasta: Deutsche Bank downgrades to hold from buy. ARM Holdings: Citi reiterates buy. Capita: Panmure Gordon downgrades from hold to sell, target cut from 700p to 560p. Mor
Read moreUPDATE: Tuesday broker round-up
20th Sep 2011 13:38
BAE Systems: Societe Generale upgrades to buy, raises target to 330p from 280p. Kesa Electricals: Espirito Santo downgrades to sell, cuts target from 110p to 75p. Wilmington Group: Peel Hunt upgrades to buy. Moneysupermarket.com: Brewin Dolphin upgrades to buy. Barratt Developments: Citigroup up
Read moreBroker tips: Micro Focus, Persimmon, H&T
23rd Aug 2011 12:55
Following Monday's announcement that signalled the end to bid talks at legacy software firm Micro Focus International, Swiss investment bank UBS has slashed its target price on the stock from 450p to 380p. The broker's previous target price was calculated using an EV/NOPAT multiple of 12 (EV/NOPAT:
Read moreLondon midday: Stocks stay buoyant as bid talks boost Charter
23rd Aug 2011 12:09
The FTSE 100 remains buoyant, with some action on the mergers & acquisitions front giving traders another distraction from ongoing global economic concerns. Engineering group Charter International has confirmed speculation that it has received a second offer following a previous one from rival Melr
Read moreH&T's profits helped by rising gold prices
23rd Aug 2011 11:11
Pawnbroker H&T said that it predicts full-year results to beat current estimates after a strong first half which was driven by a soaring gold price. "The outlook remains positive and on the basis of the current gold price we are pleased to announce our expectation for full year results to be above
Read moreBroker snap: H&T makes good interim progress, says FinnCap
23rd Aug 2011 11:09
FinnCap says that H&T Group has made good progress in its core areas, and reiterates its buy rating on the pawnbroker. The firm announced on Tuesday that - on the back of the current strong gold price - expectations for the full-year are now above the top end of current forecasts. "This pattern of
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