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Pawnbroker hit in gold value plunge

The UK's biggest pawnbroker said half-year profits slumped by over a quarter as the price of gold plunged.

But H&T Group put faith in its core business to offset the impact on its gold arm, with double-digit growth in both its pledge book and pawn service charge. Pre-tax profits fell by 27.2% to £7.5m in the year's first half after a £2m profit drop at its gold business.