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Pin to quick picksDe La Rue Share News (DLAR)

Share Price Information for De La Rue (DLAR)

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Share Price: 95.80
Bid: 96.40
Ask: 98.00
Change: -2.20 (-2.24%)
Spread: 1.60 (1.66%)
Open: 98.00
High: 98.00
Low: 95.80
Prev. Close: 98.00
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De La Rue cuts banknote printing capacity

Wed, 02nd Dec 2015 09:19

(ShareCast News) - De La Rue plans to reduce its banknote printing capacity from 8bn banknotes per year to 6bn as it looks to save costs and bring production in line with current market demand.The banknote printer also said it will cut its production lines to four from eight.De La Rue will consolidate banknote production into three "centres for excellence": Gateshead in the UK, Kenya and Sri Lanka. The company's banknote printing operation in Malta will be closed down.The restructuring will affect around 400 jobs, with approximately 300 at risk of redundancy, mainly in Malta.The company, which also makes passports, said it expects to save in excess of £13m per year from full year 2018/19 in addition to its existing ongoing cost savings initiatives.Chief executive Martin Sutherland said: "As the leading commercial designer and printer of banknotes and passports, our manufacturing footprint review has identified significant opportunities for improvements in capability and efficiency."Today we are announcing plans to achieve a more streamlined De La Rue, in line with the future needs of our global customers, focused on centres for excellence with investment that underpins our future."At 0930 GMT, shares were up 3.9% to 477p.
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17 Apr 2023 10:23

SMALL-CAP WINNERS & LOSERS: De La Rue chair resigns after pressure

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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14 Apr 2023 17:12

IN BRIEF: De La Rue chair resigns to "draw a line" under speculation

De La Rue PLC - Basingstoke, England-based security printed products maker - Says Chair Kevin Loosemore has resigned to "draw a line under recent speculation surrounding the leadership of the company." He will leave on May 1. Launches an "accelerated" search for his replacement, with the aim of appointing a new non-executive chair on May 2.

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12 Apr 2023 17:31

FTSE 100 ends higher for fourth straight day, U.S inflation cools

March domestic pay growth slows - survey

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12 Apr 2023 16:54

LONDON MARKET CLOSE: Stocks in the green as US inflation rate cools

(Alliance News) - Stocks in London closed higher on Wednesday as the US inflation rate continued to cool, providing investors with some hope that the cycle of rate hikes may soon be at an end.

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12 Apr 2023 12:03

LONDON MARKET MIDDAY: Stocks tentatively higher ahead of US inflation

(Alliance News) - Stock prices in London were largely higher at midday on Wednesday, amid cautious trade ahead of the release of eagerly-awaited inflation data from the world's largest economy.

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12 Apr 2023 10:26

Crystal Amber promises sizeable return amid Hurricane Energy buyout

(Alliance News) - Crystal Amber Fund Ltd on Wednesday said it plans a "substantial" return of capital after it receives funds from the buyout of investee Hurricane Energy PLC by Prax Exploration & Production PLC.

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12 Apr 2023 10:06

SMALL-CAP WINNERS & LOSERS: De La Rue sinks as banknote demand wanes

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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12 Apr 2023 09:49

De La Rue shares sink as warns on profit amid falling banknote demand

(Alliance News) - De La Rue PLC on Wednesday said it has been hurt by demand for banknotes sinking to a more than 20-year low.

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12 Apr 2023 08:49

LONDON MARKET OPEN: Stocks looking for direction before US inflation

(Alliance News) - Stock prices in London opened mixed on Wednesday, as caution prevailed ahead of a US inflation reading and minutes from the Federal Reserve's March meeting.

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12 Apr 2023 08:10

De La Rue warns on profits as banknote demand slides

(Sharecast News) - Banknote printer De La Rue warned on profits on Wednesday and said it has begun talks with its lenders as demand for banknotes has fallen to its lowest level in more than 20 years.

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12 Apr 2023 07:52

LONDON BRIEFING: Anglo American's De Beers shines; Unite bookings up

(Alliance News) - Stocks in London were called flat on Wednesday, with the focus for the day on a US inflation reading in the afternoon, before the release of central bank meeting minutes later.

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6 Apr 2023 10:47

IN BRIEF: De La Rue shares up new CFO Charles Andrews appointed

De La Rue PLC - Basingstoke, England-based security printed products maker - Hires Charles Andrews as interim chief financial officer, with effect from April 11. This follows the resignation of Rob Harding in January, who left to become CFO at payment services provider PayPoint PLC. Most recently, Andrews was senior vice president Airframe at aerospace firm Meggitt PLC, and has held senior finance roles at Ingram Micro Inc and GSK PLC.

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6 Apr 2023 09:38

De La Rue appoints interim finance chief

(Sharecast News) - Banknote printer De La Rue has named Charles Andrews as interim chief financial officer.

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6 Apr 2023 09:37

SMALL-CAP WINNERS & LOSERS: Motorpoint expects revenue to rise 9.1%

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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31 Mar 2023 15:16

IN BRIEF: Crystal Amber Fund again seeks to remove De La Rue chair

De La Rue PLC - Basingstoke, England-based maker of security and authentication features on currencies, financial documents and identity cards - Receives general meeting requisition from 9.8% shareholder Crystal Amber Fund Ltd. Demands the removal from the board of Chair Kevin Loosemore and his replacement by Pepyn Dinandt.

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