(Alliance News) - H&T Group PLC on Wednesday said it had deepened its dominance of the UK pawnbroking market with a new acquisition, as the company also announced a further financing arrangement for GBP25 million. Read More
(Alliance News) - H&T Group PLC on Tuesday touted a "robust" performance in the fourth quarter of 2023, albeit noting that the pre-Christmas retail trading period was challenging. Read More
H&T Group PLC - pawnbroker and retailer of new and pre-owned jewellery - Receives funding facility of GBP10 million from Allica Bank Ltd. Says this additional funding will help to support growth in its pledge book, as well as investment in the store portfolio. The facility comprises a term loan with a maturity which coincides with, and which has the option to extend maturity in line with, the group's existing funding facilities provided by Lloyds Bank PLC. Interest will be charged at 4% above base rate. Read More
(Alliance News) - H&T Group PLC on Tuesday touted its core pawnbroking business as profit surged in the first half of 2023, while the company reported an increase in stores. Read More
H&T Group PLC - Surrey-based pawnbroker and retailer of new and pre-owned jewellery and watches - Notes increase in the financing facilities provided by its "longstanding" lender Lloyds Banking Group PLC. Expands total facility to GBP50 million from GBP35 million previously. This includes a GBP45 million revolving credit facility that expires in December 2025 and has the option to extend for up to two more years. It also has a GBP5 million overdraft facility that renews annually. The interest rate on the RCF is increased to 2.4 to 3.3 percentage points above the sterling overnight interbank average rate from 1.7 points. The overdraft keeps the existing terms of 1.7 points above the Bank of England base rate. There is no change to existing banking covenants. Read More
(Alliance News) - H&T Group PLC on Tuesday said demand for its new and pre-owned jewellery and watches and pledge lending were strong in the first half of the year, with the positive momentum set to continue into the second half. Read More
(Alliance News) - H&T Group shows a "significant statement of intent" regarding its future growth ambitions through the appointment of four new non-executive directors, John Dowsett said. Read More
H&T Group PLC - Surrey-based pawnbroker and retailer of new and pre-owned jewellery and watches - Hires four new non-executive directors who will join the board effective July 1. Robert Van Breda previously was interim chief financial officer at Griffin Financial Technology Ltd and also has worked at NatWest Group PLC and Vanquis Banking Group PLC. He is expected to chair H&T's audit committee. Lawrence Guthrie is a managing director at Houlihan Lokey and once worked at Charterhouse Capital Partners. Lakeland Ltd Deputy Chair Catherine Nunn, formerly at BP PLC, will chair H&T's newly formed customer committee. Sally Veitch, intended to chair the risk committee, was director of finance at Home Retail Group PLC. H&T also says Senior Independent Director James Thornton intends to retire and as such will not seek re-election at the 2024 annual general meeting. H&T hopes that the new appointments will support its continued growth and broaden the range of skills, experiences and diversity on its board. Read More
H&T Group PLC - Surrey-based pawnbroker and retailer of new and pre-owned jewellery and watches - Chair Simon Walker buys 15,000 shares at 444.35 pence, worth GBP66,653, on Monday. The purchase is Walker's only holding, having joined the H&T board in September and taken the chair in April. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and Tuesday and not separately reported by Alliance News: Read More
H&T Group PLC - Surrey, England-based pawnbroker - Says pretax profit for 2022 amounts to GBP19.0 million, up by 90% from GBP10.0 million a year earlier. Gross profit increases by 33% to GBP101.9 million from GBP76.4 million, with all core business segments delivering significant growth. Looking ahead, remains confident of a positive trading environment. In particular, says it anticipates "continued strong demand for our core pawnbroking product as the impact of inflation on the consumer increases the need for small sum, short term loans at a time when supply of credit is constrained more than has been the case for many years". Declares a total dividend of 15.0 pence per share, up 25% from 12.0p a year prior. Read More
STV Group PLC - Glasgow-based Scotland-focused television broadcaster - Posts revenue of GBP137.8 million for 2022, down 4.6% from GBP144.5 million a year ago. However, pretax profit rises by 11% to GBP22.2 million from GBP20.1 million, as operating profit increases to GBP25.3 million from GBP21.6 million a year ago. In particular, Studios revenue is GBP23.7 million, down 11% from GBP26.6 million due to timing of deliveries. Declares a final dividend of 7.4 pence per share, taking total dividend to 11.3p, up 2.7% from 11.0 a year prior. Read More
(Alliance News) - H&T Group PLC on Wednesday appointed a new chair to replace its long-serving incumbent, while it said fourth-quarter trading in 2022 remained strong, particularly for pawnbroking loans. Read More
(Alliance News) - H&T Group PLC on Wednesday appointed a new chair to replace its long-serving incumbent, while it said fourth-quarter trading in 2022 remained strong, particularly for pawnbroking loans. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued last Friday and not separately reported by Alliance News: Read More