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De La Rue share price sinks 25 per cent as CEO quits after loss of passport contract May 30, 2019 Shares in UK security printing company De La Rue have plummeted 25 per cent to 343p after it announced its chief executive Martin Sutherland would be stepping down following the company’s failure last year to win the contract to print Britain’s new, blue passports. Read more: Profit slumps at De La Rue following UK passport loss The [...]
Profit slumps at De La Rue following UK passport loss November 27, 2018 De La Rue today reported a fall in profits in its first results since it lost the contract to print the UK’s passports. The figures The company said its adjusted operating profit fell 36 per cent to £17m in the six months to 29 September when compared to the same period last year. Revenue increased [...]
Stock exchange reshuffle puts Inmarsat in FTSE 100 June 2, 2015 Troubled banknote printer De La Rue is likely to tumble out of the FTSE 250 less than a week after it posted a £20m decline in profits during the last financial year. The London Stock Exchange (LSE) yesterday announced several potential changes to its indices, with supermarket group Morrisons expected to move from the [...]
De Le Rue share price dips but boss Martin Sutherland defiant on firm’s future May 27, 2015 De Le Rue boss Martin Sutherland said he was “slightly surprised” at the decline in the company’s share price yesterday, after it announced a £40m drop in revenue during the year to 28 March. The banknote printer saw sales drop from £513.3m in the 2014 financial year to £472.1m, while pre-tax profit fell to [...]
Money printers De La Rue hit by tough market November 25, 2014 Banknote printer De La Rue saw its profits plunge by 36 per cent in the six months to 27 September, falling from £28.4m to £18.1m. Revenue fell by eight per cent, from £234m to £215m, and the firm’s dividend was cut by 41 per cent, from 14.1p to 8.3p. This was despite banknote print volumes [...]
De La Rue share price plummets on unexpected profit warning September 26, 2014 Shares in the world's biggest commercial banknote printer and passport manufacturer De La Rue fell by 26.2 per cent to 560.5 pence this morning, after it issued an unexpected profits warning. In its economic outlook for the remainder of this financial year and into next, De La Rue said it was lowering guidance because [...]
Bank of England likely to extend De La Rue money printing licence September 8, 2014 A licence to print money looks set to continue at banknote printer De La Rue, as the Bank of England (BoE) yesterday announced the Basingstoke based firm was its preferred bidder for a contract to print sterling banknotes. De La Rue, which first printed banknotes in 1860 for Mauritius, began printing banknotes for the BoE [...]
Banknote printer De La Rue reports £90m profit, despite currency and pricing strains May 28, 2014 De La Rue, the world’s largest commercial banknote printer, has reported a 43 per cent increase in underlying operating profit, to £90.5m. Chairman Philip Rogerson said that trading’s remained strong, despite “a more challenging currency market”. Over the full year to 29 March, revenue rose six per cent to £513.3m. Banknote print volumes were similar [...]
De La Rue chief moves to UBM in shock departure February 25, 2014 THE CHIEF executive of bank note printer De La Rue is stepping down to take up the top role at media giant UBM, the two firms said yesterday. Tim Cobbold will leave the FTSE 250 firm on 29 March, to join UBM – a company in a different sector and twice the size by market [...]
UBM and De La Rue see shares fall after director upheaval February 25, 2014 Directorate changes are seeing shares slide this morning. Media company UBM announced this morning that Tim Cobbold has been appointed as its new chief executive, ending its five-month search for someone to replace David Levin. Shares lost almost one per cent at the open and are now down around 0.5 per cent. Roddy Davidson, analyst [...]