H&T boosted by gold price

Pawnbroker H&T Group said it expected full-year results to be above the top end of current market expectations, driven mainly by surging gold prices that boosted its first-half pre-tax profit. Spot gold prices soared above $1,910 yesterday, scoring a record high for a fourth consecutive day, as persistent worries about global economic growth burnished bullion's safe-haven appeal. H&T, whose services also include cheque cashing, payday advances and unsecured loans, raised its interim dividend by seven percent to 3.75p.