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| Pawnbroker Albemarle & Bond bought by investment group | Pawnbroker Albemarle & Bond bought by investment group |
| (39 minutes later) | |
| UK pawnbroker Albemarle & Bond has been bought out of administration by an investment group led by Promethean Investments. | UK pawnbroker Albemarle & Bond has been bought out of administration by an investment group led by Promethean Investments. |
| The deal includes 128 Albemarle & Bond branches and 628 jobs. The 59 branches employing 181 jobs not included will be retained by administrators PwC. | |
| A new chief executive, Stephen Plowman, will be appointed. | A new chief executive, Stephen Plowman, will be appointed. |
| Promethean is leading the investment on behalf of an international investor group. | Promethean is leading the investment on behalf of an international investor group. |
| "The deal announced today was the best offer received, preserving the most jobs and keeping the most stores open," said PwC lead administrator Mike Jervis. | |
| "All 120,000 pledged items remain safe and available for the customers to redeem." |