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Ramsdens jewellery unit grows; FX business hit by 'staycations'

By BFN News | 07:31 AM | Wednesday 03 October, 2018


Pawn broker Ramsdens Holdings said it expected its jewellery business to deliver double-digit sales growth in the first half, though it warned its foreign exchange segment was hurt by people having 'staycations' during the warm UK summer. The company said its profit for the six months through September was expected to be in line with its expectations. 'The group has delivered a good performance in the first half of the year which reflects the strength of our customer offer and the diversification of our income streams,' chief executive Peter Kenyon said. 'The competitiveness of our foreign exchange proposition was demonstrated by a resilient performance despite market headwinds and our jewellery business continued to achieve strong growth.' Story provided by StockMarketWire.com

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