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 [...]