High street pawnbroker Ramsdens has told investors that consumers are returning to "normality" and it expects to post a pre-tax profit of £2m for the first half of the year.
The Middlesbrough-based chain said its pawnbroking loan book stood at £7.5m at the end of March, up from £5.7m in 2021, which it said reflected consumers' need for short-term finance and a "normalisation of customer spending habits".
Performance in the first half was driven by increased foreign currency volumes as the travel market recovers and holidaymakers return to their stores, as well as sales of jewellery helped by stock investments and improved merchandising.
