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LONDON, April 15 (Reuters) - British pawnbroker Albemarle & Bond will be bought out of administration by investment fund Promethean Investments in a deal which will save the majority of its stores and 628 jobs, administrators said on Tuesday. The acquisition comes a day after Britain's bigg
Read moreLONDON, April 14 (Reuters) - Britain's largest pawnbroker H&T said on Monday it had ended talks with the administrators of its smaller rival Albemarle & Bond about buying some of the chain's assets. H&T submitted a proposal to the administrators of Albemarle & Bond a week ago. Albem
Read moreLONDON, April 7 (Reuters) - Britain's largest pawnbroker H&T said on Monday it had submitted a proposal to acquire some of Albemarle & Bond's assets, after the smaller rival entered administration. H&T had said earlier this year that it was looking to make some acquisitions in the sector,
Read more(Repeats with no change to text) LONDON, March 25 (Reuters) - British pawnbroker Albemarle & Bond Holdings Plc said it appointed PricewaterhouseCoopers LLP's executives as joint administrators after its lenders said proposed rescue plans for the loss-making business were not viable. A
Read more(Adds appointment of joint administrators, resignation of financial adviser) LONDON, March 25 (Reuters) - British pawnbroker Albemarle & Bond Holdings Plc said it appointed PricewaterhouseCoopers LLP's executives as joint administrators after its lenders said proposed rescue plans for the l
Read moreLONDON, March 25 (Reuters) - British pawnbroker Albemarle & Bond said it would appoint administrators on Tuesday after its lenders declined to support any rescue plans for the loss-making business. The company, which said on Monday its shareholders would see no return on their investment,
Read moreLONDON, March 24 (Reuters) - British pawnbroker Albemarle & Bond Holdings said on Monday its lenders had pulled the plug on a turnaround plan, meaning shareholders were unlikely to see any return on their investment. The company, which offers loans against items like watches and gold rings,
Read moreThe FTSE small cap index and junior-listed AIM shares close down 1.6 percent and 1.3 percent respectively, outperforming the mid-caps , down 1.1, but ahead of the blue chips, down 1.7 percent. EKF Diagnostics gains as much as 4.5 percent after the point-of-care diagnostics business says it
Read moreJunior-listed AIM shares rise 0.5 percent, ahead of the FTSE small cap index and the mid-caps, up 0.2 percent, and the blue chips , which edge 0.1 percent lower. Technology firm Anite rises 4.6 percent in volume of 1.2 times its 90 day average after it said that first-half trading was ahead
Read moreThe FTSE small cap index falls 0.2 percent, outperforming junior-listed AIM shares, mid-caps and the blue chips all down between 0.8 percent and 0.9 percent. Shares in Northgate rise 1.1 percent to 428.3 pence, featuring among the largest single contributors to the FTSE small cap index, as
Read moreLONDON, Dec 2 (Reuters) - British pawnbroker Albemarle & Bond has put itself up for sale, it said on Monday, just days after warning it expected to make a loss for the first five months of the year. The firm, which also offers short-term loans to cash-strapped consumers, said that following
Read moreThe FTSE Small Caps Index edges up by 0.2 percent in early session trading, slightly lagging a 0.4 percent advance on the blue-chip FTSE 100 index and underperforming a 0.6 percent rise on the FTSE 250 mid-caps index . The junior-listed FTSE AIM All Share Index slips 0.1 percent. Paw
Read moreLONDON, Nov 27 (Reuters) - British pawnbroker Albemarle & Bond warned on Wednesday it expected to make a loss at the earnings level in the first five months of the year, and that market forecasts needed to come down to reflect this. The gold buyer said the discrepancy in expectations betwee
Read moreLONDON, Oct 30 (Reuters) - Pawnbroker Albemarle & Bond said its lenders have agreed to push back a test of its banking covenants by three months as its new Chief Executive seeks to turn around the struggling business. Britain's second-largest pawnbroker, whose net debt stands at 49.9 milli
Read moreUK small caps and junior-listed AIM shares fall 0.4 percent and 0.6 percent, respectively, in line with a 0.5 percent decline in the blue-chip FTSE 100 index. Pawnbroker Albemarle & Bond slumps 50 percent after saying efforts to agree a cash injection from its biggest shareholder had faile
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