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Pin to quick picksDe La Rue Share News (DLAR)

Share Price Information for De La Rue (DLAR)

London Stock Exchange
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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
DLAR Live PriceLast checked at -

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De La Rue to sell international identity solutions business for ?42m

Wed, 12th Jun 2019 10:28

(Sharecast News) - Banknote printer De La Rue has agreed to sell its international identity solutions business to Assa Abloy-owned verification specialist HID Corporation for £42m.Under the terms of the deal, HID will buy De La Rue's international identity solutions contracts, associated software, passport assembly facilities in Malta, and certain printing contracts of security documents such as visas and birth/death/marriage certificates.The agreement also includes De La Rue providing printing services to HID Global until March 2022, but the UK passport contract is outside the scope of the agreement.Chief executive Martin Sutherland said: "After assessing all options, we believe that exiting the end to end identity solutions market is the right one for the group and will deliver the most value to shareholders."Focusing on the identity-related security features and components is in line with our strategy to transform De La Rue to an asset light and more technology-led business."In the year to 30 March 2019, the business generated sales of £37.8m and an operating profit of £2.3m.At 1025 BST, the shares were up 2.5% at 307.50p.
More News
25 Nov 2020 11:28

De La Rue Swings To Profit In First Half Amid Reduces Operating Costs

De La Rue Swings To Profit In First Half Amid Reduces Operating Costs

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25 Nov 2020 09:09

Costs cuts pay off for de La Rue as profits soar

(Sharecast News) - UK banknote and passport printer De La Rue reported a huge rise in first-half profit on Wednesday, driven by cost cuts under its turnaround plan and said it was in early talks with governments on Covid-19 immunity certificates.

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22 Nov 2020 18:13

Sunday newspaper round-up: China, Facebook, Petropavlovsk

(Sharecast News) - Britain will lose billions of pounds of investment and thousands of jobs unless it reverses its hostility to China, an influential lobby group for Chinese businesses has warned. In the most stark public intervention yet, the China Chamber of Commerce in the UK - which represents companies including Huawei, ZTE and Air China - said there could also be a consumer backlash against British companies such as Jaguar Land Rover and Burberry, which are heavily reliant on China's middle-class customers. Relations between China and the UK are at their lowest ebb in decades, hit by Beijing's power grab in Hong Kong and Donald Trump's trade war with President Xi Jinping. - Sunday Times

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20 Nov 2020 13:42

UK EXECUTIVE CHANGE SUMMARY: New CFOs For Indivior And Costain

UK EXECUTIVE CHANGE SUMMARY: New CFOs For Indivior And Costain

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18 Nov 2020 16:01

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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30 Oct 2020 10:28

De La Rue Banknote Printing Contract With Bank Of England Extended

De La Rue Banknote Printing Contract With Bank Of England Extended

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30 Oct 2020 07:02

BOE extends banknote printing contract with De La Rue

LONDON, Oct 30 (Reuters) - The Bank of England said on Friday it had extended its banknote printing contract with De La Rue."The Bank has decided to extend its contract with De La Rue to operate the printing facility at Debden, Essex until 2028," ...

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15 Oct 2020 11:01

De La Rue's First Half Earnings Meet Internal Expectations

De La Rue's First Half Earnings Meet Internal Expectations

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15 Oct 2020 09:57

De La Rue says trading 'positive', revenue in line

(Sharecast News) - Banknote printer De La Rue said on Thursday that trading for the financial year 2020/21 has been positive, with revenue and adjusted operating profit for the first half in line with its expectations.

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1 Oct 2020 10:20

De La Rue Makes Rob Harding Permanent Chief Financial Officer

De La Rue Makes Rob Harding Permanent Chief Financial Officer

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22 Sep 2020 13:58

De La Rue Appoints Catherine Ashton And Margaret Rice-Jones To Board

De La Rue Appoints Catherine Ashton And Margaret Rice-Jones To Board

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6 Aug 2020 13:53

IN BRIEF: De La Rue Retains Expectations On Solid Contract Pipeline

IN BRIEF: De La Rue Retains Expectations On Solid Contract Pipeline

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30 Jul 2020 16:09

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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6 Jul 2020 15:20

De La Rue Raises GBP100 Million To Fund Turnaround Plan

De La Rue Raises GBP100 Million To Fund Turnaround Plan

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29 Jun 2020 16:03

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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