London midday: Stocks fight back on Eurozone hopes
17th Jun 2011 12:03
The leading share index has hauled itself into positive territory as hopes rise that European leaders will bring the Greek debt situation to a resolution. Germany's Angela Merkel and France's Nicolas Sarkozy called on a new rescue package to be agreed upon as quickly as possible. In corporate news
Read moreLondon open: More losses as Greek crisis continues
17th Jun 2011 08:30
Share prices continue to head south as the Greek debt crisis rumbles on. Sentiment has not been helped by comments from Alan Greenspan, former Federal Reserve chairman, who said that Greece is "almost certain" to default on its loans which would push the US economy towards recession. In corporate n
Read moreH&T to beat expectations as gold price shines
17th Jun 2011 07:34
Pawnbroker H&T expects profits for the first half to beat expectations after a strong start to the year. The company has benefited from the continued rise in the gold price. Profits are expected to beat expectations even as the company continues its expansion programme, with 10 new shops having ope
Read moreGold buying propels H&T profit
10th Mar 2011 16:44
Gold trading profits have helped the UK's leading pawnbroker H&T produce bumper figures in 2010 but it will be difficult to repeat that outcome in 2011. Revenue increased from £84m to £126.4m in 2010. Gross profit rose by 30% to £66.8m, while underlying pre-tax profit jumped from £18.5m to £26.3m.
Read moreH&T to beat forecasts as gold scrap soars
7th Jan 2011 07:35
Pawnbroker H&T's profits for 2010 will come in above the top end of market forecasts thanks to bumper profits from its gold purchase operations, high scrap values and a near £5m working capital gain. All business segments are expected to show year-on-year growth in gross profit, H&T said, with cont
Read moreBroker snap: H&T discount to rival "unreasonable"
2nd Sep 2010 13:08
Investors looking to invest in pawnbrokers, currently enjoying a rise in popularity on the back of the strength of gold, will find better value with H&T Group shares than those of its competitor Albemarle & Bond, research firm Equity Development believes. "H&T has had a stellar first half and has t
Read moreBroker tips: Hays, Go-Ahead, H&T
2nd Sep 2010 12:50
Recruitment firm Hays delivered full year results that were ahead of expectations but the outlook for the UK continues to look bleak in KBC Peel Hunt's view, though the broker notes this is largely reflected in the price. "Current performance echoes what the peer group has been saying, with markets
Read moreUK SMALLCAP ROUNDUP: Scott Wilson Bidder URS Gets Deadline
30th Jun 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SCOTT WILSON GROUP PLC (SWG.LN), a U.K. engineering consultant, Wednesday said its board will give its recommendation to shareholders on the company's bi
Read moreGold puts shine on H&T
30th Jun 2010 07:44
A buoyant retail gold market will mean pawnbroker H&T's interim profits coming in ahead of current market forecasts. The rise in the sterling gold price during 2010 has enabled it to achieve gold purchasing margins and scrap disposition margins consistent with the second half of last year. As a re
Read moreH&T 2010 Pretax Profit To Beat Views As Gold Rush Continues
30th Jun 2010 07:34
LONDON (Dow Jones)--U.K. pawnbroker H&T Group PLC (HAT.LN) Wednesday said it expects to post strong first-half results and for full-year pretax profit to exceed current market forecasts due to the continued rise in the price of gold. H&T said this continued rise during 2010 has meant that its g
Read moreLondon close: Footsie slides again on euro woes
20th May 2010 16:34
London took its place in line on another miserable day for European stock markets as concern about the health of Europe sparked a switch into bonds. US shares also slumped as German chancellor Angela Merkel issued more controversial comments, including advocating a hands-on global response to marke
Read moreLondon afternoon: Footsie lower on weak US
20th May 2010 14:24
Futures pointing to a sharp dip in US markets early on knocked blue chips in London as the afternoon session got underway. Rio Tinto leads the miners lower after Bank of America Merrill Lynch removed the stock from its "Europe 1" list and downgraded the stock to "neutral" from "buy". The broker sa
Read moreGold deals shine through for H&T
25th Mar 2010 12:42
Tough times are proving increasingly lucrative for pawnbroker H&T with profits last year jumping by more than 80%. Gross profit increased by 43% in 2009 and pre-tax profit by 83% to £18.5m. A final dividend of 5.6p takes the full-year dividend to 8.1p, a 25% increase on 2008. "We continue to suc
Read moreH&T nervous despite strong 2009
22nd Jan 2010 12:32
Shares in H&T fell sharply after the pawnbroker it tempered its prediction that 2009 profits would be ahead of expectations, with a warning over a subdued retail environment and increased competition. While H&T, which has profited from a jump in gold prices, expects strong profits, it warned that l
Read moreBroker tips: Chloride, Freshwater UK, H&T
23rd Dec 2009 13:15
The acquisition of Automatismes Energie Electroniques Systemes SAS (AEES), a Lyon-based secure-power business focused on the Energy & Infrastructure market ought to lead to marginal improvement in Chloride's 2010 earnings per share, KBC Peel Hunt reckons, though the full benefit of synergies are not
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