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 [...]
De La Rue: Banknote maker hopeful takeover will end in ‘coming months’ amid sliding revenue M&A Banknote printer De La Rue has said it believes takeover talks will reach a "successful conclusion in the coming months", as it reported a dent in full year revenue.
De La Rue: Struggling British banknote maker reassures market it’s on track to hit profit target tech Last year, the company informed markets that demand for banknotes had slumped to the lowest level in 20 years.
De La Rue: ‘Welsh Wizard’ investor hoping to cast spell over banknote maker’s shares April 16, 2024 An investor known as the 'Welsh Wizard' in City of London circles has increased his stake in De La Rue, the company that makes UK passports and banknotes.
Banknote maker De La Rue says demand for cash recovering despite £16.8m loss December 19, 2023 British banknote maker De La Rue continues to struggle with weak demand for cash but reitered its upgraded full-year profit guidance.
De La Rue: British banknote maker lifts profit expectations as currency demand recovers October 6, 2023 British banknote maker De La Rue has bumped up its profit expectations for the first half of the year after it reported seeing signs of recovery in its currency business. The Basingstoke-based firm said it now expects adjusted operating profit to be “marginally ahead of previous guidance” given in June. Shares in the company, which [...]
De La Rue says ‘signs of recovery’ in cash usage after sharp fall in profits June 29, 2023 Cash printer De La Rue has said it sees “signs of a recovery” in money usage this year after a torrid 12 months in which its profit and revenues have contracted sharply. In its full year results today, the cash maker said revenues had tumbled 6.8 per cent to £349.7m in the year to March [...]
De La Rue warns of ‘significant uncertainty’ as demand for cash dries up April 12, 2023 Storied banknote-maker De La Rue said profits would slump below expectations today and warned of a “significant degree of uncertainty” as it struggles to cope with a downturn in cash usage.
De La Rue faces shareholder revolt as fund calls for chair to go over ‘failed’ turnaround plan April 5, 2023 London-listed banknote maker De La Rue is facing a shareholder revolt after a major investor demanded that chair Kevin Loosemore be removed for failing to improve the company’s performance. In a letter to shareholders today, AIM-listed activist fund Crystal Amber argued that De La Rue is failing to meet its financial targets, which it set [...]
Money maker heads for money worries: De La Rue warns against rising costs May 25, 2022 Shares dropped over 10 per cent for De La Rue this afternoon, after the currency maker warned against rising costs and and supply shortages.