London Stock Exchange Loses Another Major Player as FirstCash Acquires H&T Group

15-05-2025


FirstCash Holdings, Inc., a leading international operator of retail pawn stores, has announced its strategic acquisition of H&T Group plc, the largest pawn store operator in the United Kingdom. This move, valued at approximately £297 million or $394 million USD, marks FirstCash's entry into the UK market, expanding its global footprint beyond the United States and Latin America. The acquisition is expected to be significantly accretive to EBITDA and EPS, enhancing FirstCash's position as a global leader in pawn operations.

The deal, finalized through FirstCash's newly incorporated wholly-owned UK subsidiary, Chess Bidco Limited, involves a cash consideration of 650 pence per H&T share, plus a final dividend of 11 pence per share. This transaction not only diversifies FirstCash's geographic presence but also combines two industry-leading brands to create the largest publicly traded pawn platform across the US, Latin America, and the UK. Rick Wessel, CEO of FirstCash, expressed enthusiasm about the acquisition, highlighting the growth opportunities it unlocks in a new and attractive market.

H&T Group, founded in 1897, operates over 270 shops across England, Scotland, and Wales, and has recently seen a surge in business due to the financial strain on households amid the cost of living crisis. The acquisition by FirstCash represents a 44% premium to H&T's closing share price before the announcement, underscoring the strategic value both parties see in the deal. Chris Gillespie, H&T's CEO, praised the acquisition for its compelling strategic rationale and the bright future it promises for H&T under FirstCash's ownership.

This transaction is another example of a major UK-listed company being acquired by a foreign entity, leading to its departure from the London Stock Exchange. It reflects broader trends in the global financial market, where companies seek to consolidate their positions through strategic acquisitions. The deal between FirstCash and H&T is a testament to the resilience and potential of the pawnbroking industry, especially in times of economic uncertainty.

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Shed Seven Marks Three Decades of 'A Maximum High' with Unique Summer 2026 Concert

{'$date': '2025-10-20T11:48:55.150Z'}


Shed Seven, the Yorkshire Britpop legends, have announced a special one-off summer 2026 performance at Halifax's Piece Hall to celebrate the 30th anniversary of their landmark 1996 album 'A Maximum High'. The band will deliver a full album performance followed by a second set of greatest hits during the Live At The Piece Hall concert series on June 6. This Halifax date will represent Shed Seven's only headline show of summer 2026, making it a particularly significant event for both the band and their dedicated fanbase.

The anniversary concert will feature special guest performances from Seb Lowe and The Guest List, adding to the celebratory atmosphere. Tickets for this exclusive event are scheduled to go on general sale at 10am on Friday, October 24, available through major ticketing platforms including Ticketmaster, Live Nation, and the Piece Hall's official website. The band's return to the Halifax venue follows their previous 2021 performance at the historic courtyard, establishing a continuing relationship with the West Yorkshire location.

'A Maximum High' represented a defining moment in Shed Seven's career, reaching the UK top 10 and selling more than 250,000 copies while spawning five Top 40 singles. Band frontman Rick Witter expressed enthusiasm for the upcoming celebration, stating the band is 'looking forward to giving A Maximum High the birthday party it deserves' and noting particular excitement about 'revisiting some of the songs we haven't played for decades.' The event promises to attract fans from across the country for what organizers describe as a 'one night only' celebratory event.

Shed Seven joins a diverse lineup of artists scheduled for the 2026 Live At The Piece Hall series, including Embrace, Ethel Cain, David Gray, Billy Ocean, Opeth and The Ks. The band's upcoming schedule also includes appearances at the Isle Of Wight Festival in June, featuring headliners Lewis Capaldi, Calvin Harris and The Cure, followed by a supporting performance for Richard Ashcroft at Englefield Estate in Berkshire as part of the Heritage Live series in July. Nicky Chance-Thompson MBE DL, CEO of The Piece Hall Charitable Trust, emphasized the significance of hosting these 'Yorkshire heroes' back at the venue for this milestone celebration.