Broker snap: Log book loans not a worry for H&T
23rd Dec 2009 12:52
Rumours that the government is planning to ban 'log book' loans should have little effect on pawnbroker H&T Group, which has been running a trial of loans secured against the value of a borrower's car. Broker Daniel Stewart said it believes that log book loans 'have been insignificant in terms of c
Read moreSunday tips round-up: Autonomy,Topps Tiles, H&T
1st Nov 2009 14:40
Autonomy's ability to turn earnings into cash has been a point of great debate this year. The company appeared to silence its critics at the third-quarter results, when it announced a cash conversion rate - calculated as Q3 operating cash flow over Q3 earnings - of 131pc, which it duly trumpeted thr
Read moreTuesday tips round-up: UK Coal, Centamin Egypt, H&T
27th Oct 2009 06:02
Britain's largest coal miner gave a sombre update yesterday with the news of another death at one of its mines. The fatality at its Kellingley mine has halted production for a week. UK Coal also has more than 40,000 acres of land, where it used to have working mines. Much of the land is agricultural
Read moreLondon close: Footsie suffers reversal of fortunes
26th Oct 2009 16:21
Stocks had looked like making a decent start to the week, but a dramatic and sudden sell-off on Wall Street quickly sent London into the red. The Dow Jones turned an early three-digit gain into a 100-point loss as US analyst Dick Bove downgraded Fifth Third Bancorp, SunTrust Banks and US Bancorp.
Read moreLondon afternoon: Stocks get lift from Wall Street
26th Oct 2009 14:20
After crawling higher throughout the morning session London's leading shares received a boost from a firm start on Wall Street. The market is buoyant despite weakness in the banking sector, where the market is holding its breath for the anticipated cash call by Lloyds Banking. Elsewhere in the sect
Read moreLondon midday: Shire gives Footsie boost
26th Oct 2009 12:03
Footsie is sitting just above the zero mark, with drug group Shire given a boost by some positive regulatory news. Shire is one of the top risers after it announced that the US Food and Drug Administration (FDA) has affirmed its prior decision to grant five-year New Chemical Entity (NCE) exclusivit
Read moreLondon open: Shire drags FTSE higher
26th Oct 2009 08:36
Miners and drug group Shire are giving Footsie a lift in early dealings on Monday. Lonmin, Rio Tinto and Anglo American are among the best performing miners. Pharma firm Shire is leading the risers after it announced that the US Food and Drug Administration (FDA) has affirmed its prior decision to
Read moreHigh gold price boosts H&T Group
26th Oct 2009 07:15
Pawnbroker H&T Group said it has been trading well ahead of expectations for the current year due to higher gold purchasing volumes. High gold prices led the company to build a retail network focused on gold purchasing and, while volumes have been high, the firm said uncertainty as to whether these
Read moreLondon close: Footsie runs out of steam
26th Aug 2009 16:27
Wall Street's inability to hold onto new home sale-inspired gains was the final nail in the coffin for London, bringing to an end a six-day winning streak. Much of the blame lay with the UK-listed miners who hogged the list of largest losers on weaker metal prices. Antofagasta was among the worst
Read moreLondon afternoon: RBS buoyed by pension moves
26th Aug 2009 14:32
Equity prices are mixed with a lower bias. The Footsie continues to drift lower, weighed down by underperforming resource stocks. Pre-tax profits plunged at Tullow in the first half of the year as the firm felt the pinch of the slide in oil prices. The oil company posted a pre-tax profit of £34.
Read moreH&T Group profits up 48%
26th Aug 2009 11:21
Pawnbroker H&T saw profits rise 48% in the first half and said it still expects full-year results to be towards the top end of current market expectations. After adjusting for exceptional items and fair value hedge accounting, pre-tax profit increased to £7.7m in the six month ended 30 June compar
Read moreHarvey & Thompson to hit top end
26th Jun 2009 07:29
Pawnbroker H&T will produce strong interim results and expects full year results at the top end of expectations boosted by the strong gold price and troubled times for the economy. "The group has performed strongly for the year to date, with all business segments demonstrating growth when compared
Read moreSmall caps round-up: H&T Group, China Medical, Fyffes...
13th May 2009 09:20
Pawnbroker H&T Group said it has traded "significantly" ahead of expectations for the year to date. It also said it was positive about prospects for the current year but remains conscious of the current difficult economic climate. "The principal reason for the strong performance is the sustained go
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