Ramsdens has announced an unscheduled trading update indicating FY26 PBT is now expected to be at least £21m. While much of this positive surprise is due to the purchase of the precious metals business which has benefited from prevailing gold prices, we note the continued strength in the jewellery retail and pawnbroking businesses. This underlying momentum supports our view that the quality of the group’s offering and market positioning is underappreciated. We reiterate our Buy rating on our inc ....
