De La Rue trading in line as cost cutting continues

Banknote printer De La Rue has said trading is in line with its expectations as cuts costs to get the business back on track.

The company said its currency division has made "good progress" since its interim results in September.

De La Rue designs produces more than 150 currencies.

The firm has a plan to cut £30m over three years to address falling profits.

De La Rue's first half revenue stood was £238.1m, with pre-tax profits of £29m.