IN BRIEF: Ramsdens lifts profit view but notes gold price volatility
Ramsdens Holdings PLC - Stockton on Tees, England-based financial services provider and pawnbroker - Now expects pretax profit for the year to September 30 of at least GBP28.5 million, up from a prior view of at least GBP24 million. Profit could hit GBP31.5 million, "if the favourable gold price continues and summer currency volumes are in line with last year". But cautions uncertainty over the gold price, and recent reports around fuel shortages impacting flights over the summer may also hit international travel and consequently foreign currency sales. Chief Executive Peter Kenyon says: "We have had a strong start to the year given the economic back drop with our pawnbroking, jewellery retail and foreign currency exchange services all performing well. In addition, we have had an exceptional half year for our purchase of precious metals segment due to the continued benefits of a sustained high gold price and the increased weight being purchased." Read More