Stonehenge and glitter: Inside the Bank of England’s new banknote consultation Banking The Bank of England first began issuing banknotes in 1694, and today there are 4.7bn sterling banknotes in circulation, worth a combined total of £86bn. And while the use of cash as a method of payment has dropped from around one in two transactions to one in four over the past decade, cash remains a [...]
De La Rue shares surge as £263m takeover confirmed Business Banknote printer De La Rue has agreed to a binding offer to be taken over for £263m, sending its share price shooting up 17 per cent. The 211 year-old currency printer’s board is backing a 130p a share offer from US private equity giant Atlas Holdings, compared to the 110p price it closed at yesterday. [...]
De La Rue: Banknote printer agrees to £300m breakup Business Bank of England banknote printer De La Rue has agreed to sell an arm of its business to an American firm for £300m. The London-listed company announced this morning that it had entered into a definitive agreement for the sale of the group’s authentication arm to Crane NXT, a New York-listed industrial technology company. When [...]
The Notebook: How I (almost) managed to get the 1p coin scrapped September 2, 2024 Former Treasury comms chief James Chapman reminisces on the time he (almost) managed to scrap the penny - and why we should persist now.
Cash is King: New banknotes of King Charles III enter circulation, but it may be a while before you see one June 5, 2024 Banknotes carrying a portrait of King Charles III will be issued for the first time, but with a move towards a cashless society, it may be some time before you see the note in person
De La Rue: Struggling British banknote maker reassures market it’s on track to hit profit target April 17, 2024 Last year, the company informed markets that demand for banknotes had slumped to the lowest level in 20 years.