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H&T ‘changing the face of pawnbroking’
Despite the gold price aiding pawnbroker, personal loan provider and watch retailer H&T (HAT:AIM), the company’s chief executive John Nichols says he’s ‘changing the face of pawnbroking’.
He adds that while pawnbroking is majority gold-based, H&T has widened the portfolio away from the precious metal. The company is looking at a whole basket of products that people can lend against including smart phones and tablets, which Nichols says is the younger generation’s ‘currency’.