Pawnbroker suffers debt setback

Updated
Albemarle & Bond
Albemarle & Bond

Attempts by Britain's second biggest pawnbroker to shore up its finances have been dealt a blow after it failed to secure a £35 million cash injection.

Albemarle & Bond said it had not been able to conclude negotiations with its biggest shareholder over a deeply-discounted rights issue, which it needs in order to repair its balance sheet.
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