The post-Brexit vote gold price strength has proved very popular for investors in pawnbroker H&T (HAT) and as the price of the yellow metal has accelerated, so has the group's share price.
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A trading update in advance of the half-year results in August reveals that the continuation of this trend will be beneficial for the group, while progress across the business is "in line with expectations". Encouragingly, the pledge book is showing signs of growth, with the core pawnbroking element advancing £1.6m to £39m, helped by larger average loans, while the personal loans book grew quickly to £6.2m, up 82 per cent.
