Pawnbroker Albemarle & Bond to get cash injection
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The company is understood to be seeking to raise up to £20million to strengthen its balance sheet.
It follows a tough year for the company which saw its shares dive in April after a surprise profits warning. It blamed a slump in the price of gold which hit its gold-buying offshoot and its
traditional pawn business.
Following the alert chief executive Barry Stevenson stepped down and chairman Greville Nicholls, who had been chief between 1995 and 2009, took day-to-day control.
A&B is also due to report annual results this week, forecast to be £8.7milion, down from £21million prevously.
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