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H&T Group PLC benefits from rising gold price in first half

Pawnbroker H&T GROUP PLC (LON:HAT) told Proactive it was "really pleased" with the firm's first half performance in 2016, which saw it post a  42% increase in pre-tax profit, benefitting not least from the rising gold price.

Finance director Steve Fenerty explained how the competitive pressures of recent years on the High Street have been easing, with a third of similar pawnbroking stores now having closed.

The focus now  is on widening HAT's credit proposition, with such products as personal loans, travel money and Buyback, which has extended into buying high-end electronic devices, he  explained.

"For us growth in pawnbroking is relatively hard, but if we keep the levels we are currently at, then we'll be pleased with that result,” he said, referring to the second half.

Quick facts: H&T GROUP PLC

Price: 335 GBX

LSE:HAT
Market: LSE
Market Cap: £133.12 m
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