• Most Popular
  • Most Shared

STOCKS NEWS EUROPE-Albemarle & Bond up on positive trading

Tue May 26, 2009 4:39am EDT

Stocks

   

Shares in Albemarle & Bond (ALBH.L) rise 11.5 percent after the British pawnbroker says its annual results will be significantly ahead of market expectations following a good trading performance at its 114 stores and the rising price of gold.

"The higher price of gold, which has enhanced the yield on unredeemed loans, and the introduction of gold buying across the store portfolio since the start of 2009 has had an immediately positive impact and is now in place across the group," says FinnCap analyst Duncan Hall.

"A&B says it has traded ahead of its own expectations in recent months and results for the year are now expected to be significantly ahead of the consensus market view."

For more, click on [ID:nLQ632578]

Reuters messaging rm://rhysl.jones.reuters.com@reuters.net


More from Reuters

Photo

Tech solutions to climate change

Experts say there is no single answer to solving global warming, but a handful of technologies could be promising. Check out some of the candidates and join the debate.  Full Article 

    Climate conference
    Onlookers gather outside the historic Federal Hall where U.S. President Barack Obama is speaking in the heart of Wall Street in New York September 14, 2009. REUTERS/Larry Downing

    One step closer to reform

    The House of Representatives approved the biggest changes in financial regulation since the Great Depression, marking a win for the Obama administration and congressional Democrats.  Full Article 

    Regulatory News
    The share price index DAX board is seen in front of an emergency exit sign at Frankfurt's stock exchange, October 8, 2008. REUTERS/Kai Pfaffenbach

    "Deflation is with us"

    Fear of the market abyss has faded for investors, but another fear is lurking on the horizon, if not already here.  Full Article 

    Investment Outlook Summit