MARKET TALK: Panmure Downgrades De La Rue To Sell

21st Jul 2010 10:29

0929 GMT [Dow Jones] Panmure Gordon downgrades De La Rue (DLAR.LN) to sell from hold and cuts its target price to 661p from 983p, citing the company's profit warning following production problems at the banknote paper operation. With some output failing to meet quality specifications, production & shipment has been suspended and sales/profits will now be 'materially lower than planned,' says De La Rue, "While the full financial impact remains unclear, the reputational damage & knock-on effect of this should not be underestimated," says Panmure. Shares -3.6% at 749p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 21, 2010 05:29 ET (09:29 GMT)

Top Risers

Share	Price	Change
Sunda Energy (SNDA)	2.90	9900%
Abrdn Property (API)	2.79	53.3%
Synthomer (SYNT)	68.90	37.25%
Richmond Hill (RHR)	1.75	29.63%
Design Group (IGR)	69.50	23.21%

Top Fallers

Share	Price	Change
Engage Xr (EXR)	0.14	-30%
Frontier Ip (FIPP)	16.50	-16.32%
Caledonian Hold (CHP)	0.0027	-15.63%
Harvest Mi (di) (HMI)	0.325	-13.33%
Celsius Resources Limited (CLA)	0.46	-13.21%

Top By Volume

Share	Price	Volume
Quantum Helium (QHE)	0.0305	1,259,783,146
Caledonian Hold (CHP)	0.0027	1,041,624,714
Premier African Minerals (PREM)	0.016	755,562,487
Tower Resources (TRP)	0.0245	333,609,798
Lloyds (LLOY)	99.69	326,406,427

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.