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| Albemarle & Bond lenders quash turnaround plan | |
| (35 minutes later) | |
| Lenders to troubled UK pawnbroker Albemarle & Bond have told the board that they will not be able to support the management's turnaround plan for the business. | |
| The company has requested its shares be suspended from trading. | |
| The board is working with Albemarle & Bond's lenders on possible alternative plans. | |
| Remaining options, including a sale of the business, will probably not add value to the company's shares, it said. | Remaining options, including a sale of the business, will probably not add value to the company's shares, it said. |
| Shares were frozen at 6.65p. They had lost 95% of their value in the past 12 months. | |
| In November, Albermarle and Bond resorted to melting down its own gold. | |
| Shortly after that, five company directors resigned from the company, which is the UK's biggest pawnbroker, |