De La Rue eyes dividends in 2023 after swinging to interim profit
Full-year trading has been positive, with the outlook in line with the board's expectations
Company
De La Rue PLC
LON:DLAR
De La Rue PLC is a commercial security printer and papermaker, involved in the production of over 150 national currencies and a range of security documents, such as passports, authentication labels and fiscal stamps. It also provides cash handling equipment and software solutions to banks and retailers worldwide.
69 stories · page 2 of 4
De La Rue extends contract to print Bank of England notes
The company will maintain exclusivity in printing Bank of England banknotes and operating the Bank's facility in Essex until 2028
Production of £2 coins halted as coronavirus accelerates switch to contactless
Cash is literally piling up at the Royal Mint which has a ten-year backlog of £2 coins
De la Rue to raise £100mln, closes Gateshead printing facility
The passport business at the Gateshead site will also stop as the business is transferred to a new supplier
De La Rue jumps as SFO drops investigation
The SFO launched its probe last July in connection to De La Rue's operations in South Sudan, where it has been responsible for designing and printing the country’s banknotes
Archive
CloudCall falls to earth after gloomy trading update
A look at some of the major movers in London on Monday
De La Rue “progressing” with turnaround plan
The firm did not provide much detail on safety measures for coronavirus
De La Rue jumps as it unveils £35mln cost cutting plan
The banknote maker said the new cost reduction plans will “significantly exceed and accelerate” previous commitments and allow it to “compete more strongly across all its market segments”
De La Rue slides again as CFO steps down
Helen Willis, who will leave the banknote printer with immediate effect, follows the exit of the company's chairman, CEO and a number of other directors in 2019 as it struggles to revive its fortunes
Printing money: Is De La Rue's debt crisis part of a wider problem?
UK PLC has surged by three quarters since 2010 to £443.2bn, up 6% in the past fiscal year
De La Rue becomes the latest victim of pivot failure
While the 198-year banknote maker could be the next business to fall victim to a lack of adaptability, it isn’t the first long-established brand that has failed to move with the times
De La Rue warns of “material uncertainty” over future
Despite growing revenues from other parts of the business, its currency division saw sales fall 30% in the first half of the year amid a decline in volumes and average prices because of reduced demand for overspill printing of banknotes
De La Rue shares plunge as it issues second profit warning of the year
The company said full-year adjusted operating profit will be “significantly lower” than market expectations
De La Rue appoints turnaround expert as CEO
New boss Clive Vacher has worked to transform Dynex Power, Pratt and Whitney, Rolls-Royce, General Dynamics and B/E Aerospace
De La Rue rises as it sells identity solutions business for £42mln
The banknote printer said the sale would allow it to refocus on identity-related security features and components where the market opportunities were “more accessible”
De La Rue gets lift as BoE awards it and Australia’s CCL Secure contract to produce polymer for banknotes
The Banks of England said it has awarded the two companies an eight-year contract to produce the polymer for a new plastic £50 banknote and future £5 and £10 notes
Investments and investor services
Immotion commotion as it signs virtual reality deal with a Florida zoo
A look at the day's major movers, including Aptitude Software, Watches of Switzerland, Veltyco, Johnson Matthey, Nuformix, HemoGenyx, De La Rue and Real Good Food
De La Rue boss steps down as secure printer issues profit warning, unveils cost-cutting plan
The group expects 2020 operating profit will be “somewhat lower” than the current year as tough competition in the banknote print industry squeezes margins
Investments and investor services
FTSE 100 regains ground at the close
The FTSE 100 closed 32.86 points higher at 7,218.16 on Thursday, just easing off its late afternoon high of 7,235
Archive
Johnson Matthey's final results provide a step up in class for Thursday's corporate diary
The Day Ahead will also bring updates from two FTSE 250-listed firms, transport operator FirstGroup and water utility Pennon, plus numbers from newspapers group Daily Mail