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Pawnbroker profits from recession

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05-27-2009, 06:21 PM

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Pawnbroker profits from recession

UK-based pawnbroker Albemarie & Bond (A&B) has indicated that its full year results for the 12 months ending 30 June will exceed previous projections. The company said pawnbroking has benefited from the higher price of gold, increasing its yield on unredeemed loans. Retail sales are also up compared to last year, and the firm plans to open [...]

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