Summary
DEMAND from cash-strapped consumers shunned by mainstream banks has driven another year of growth at pawnbroker Albemarle & Bond. The group, which has 202 shops including nearly 40 gold buying stores, posted higher profits for the 20th year in a row, up 5% to pounds 21m in the year to June 30.
Chief executive Barry Stevenson accused banks of ignoring a large proportion of his customers, who have been hit by the current squeeze on incomes.See the full content of this document
Extract
Boost for Pawn Shops
As a result, short-term loans, pawnbrok...
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