De La Rue lifted by banknote demand
26th Jan 2010 07:10
Healthy banknote demand has meant a strong few months for De La Rue despite tough trading conditions for its cash processing arm. "Trading for the group for the period from 26 September 2009 to date has been strong, with banknote and paper volumes showing an increased run rate compared to the first
Read moreLondon close: FTSE 100 closes 32 points lower
24th Nov 2009 16:48
London ended the day in the red as the FTSE 100 lost its earlier gains after Wall Street opened sharply lower. London did not sustain a short-lived rally in the late afternoon. The market seemed to initially ignore Bank of England governor Mervyn King's cautious comments to the House of Commons Tr
Read moreLondon afternoon: Shares still drifting
24th Nov 2009 14:31
London continues to lack direction, with Bank of England governor Mervyn King's comments to the House of Commons Treasury select committee on the state of the economy having more of an effect on sterling than on share prices. With sterling dipping after King's comments, package holiday firms Thomas
Read moreLondon midday: Leading shares mixed
24th Nov 2009 12:10
Footsie has fought its way into positive territory after a dull opening, helped by a recovery by some mining stocks. Anglo American, ENRC and Lonmin are the brightest features of a mining sector that initially opened lower on softer copper prices. Lloyds Banking Group is firmer after it priced i
Read moreLondon open: Lloyds unveils record cash call
24th Nov 2009 08:52
London's blue chips have fallen back after yesterday's strong gains, with Lloyds Banking getting most of the attention. Lloyds Banking Group priced its world record £13.5bn rights issue at 37p a share, a discount of 59.5% to last night's closing price. Britain's third-largest lender will offer s
Read moreLondon pre-open: Negative start ahead
24th Nov 2009 07:31
London's blue chips are expected to start around 50 points lower, falling back from yesterdays triple-digit gains. Footsie closed more than 100 points higher on Monday thanks to a record price for gold, an early rally on Wall Street and strength across the financial sector. Lloyds Banking Group h
Read moreCurrencies give De La Rue double boost
24th Nov 2009 07:17
One-off charges lowered first half profits at banknote printer and cash handling machines specialist De La Rue, but currency translation benefits and good banknote demand meant a strong underlying performance. Revenue for the six months to September rose by 3.1% to £252.2m, with underlying operatin
Read moreThursday tips round-up: Weir, Hilton Food, De La Rue
17th Sep 2009 06:11
Capital expenditure by miners shows signs of picking up, leaving Weir's onshore US gas activities as its biggest weakness. But at 678p, down 20p, or 15 times next year's earnings, this is no time to sell out. A solid hold, according to the Times. Hilton Food's shares are trading on a December 2009
Read moreLondon close: Footsie nears 52-week high
16th Sep 2009 17:03
London raced ahead today, with the FTSE 100 crashing through the 5100 barrier near to a 12-month high, though it stopped short of racking up a triple-digit rise. Mining stocks were responsible for a large proportion of the index's rise as metals prices headed north following comments from Federal
Read moreLondon afternoon: Footsie consolidates gains
16th Sep 2009 14:30
The number of FTSE 100 constituents in the red today is in single figures as investors chase up share prices in the wake of relatively upbeat comments from Federal Reserve Chairman Ben Bernanke last night. Bernanke said the US recession 'is very likely over at this point,' prompting an advance by gl
Read moreLondon midday: Footsie breaks through 5100
16th Sep 2009 11:58
Leading shares rose steadily throughout the morning session pushing the FTSE 100 index through the 5100 barrier. Mining stocks are responsible for much of the rise as metals prices head north after Federal Reserve Chairman Ben Bernanke said the US recession 'is very likely over at this point' in a s
Read moreLondon open: Bright start for Footsie
16th Sep 2009 08:42
London's blue chips have made a strong start following on from Wall St's rise after US Fed chief Ben Bernanke called the US recession over. Miners are pushing on in sympathy with Bernanke's comments led by the majors Xstrata, Rio Tinto and Anglo American. Tullow Oil is the best performer after the
Read moreLondon pre-open: Higher start expected
16th Sep 2009 07:46
Shares are expected to open higher in early dealings, with the FTSE 100 edging further above the 5,000 point mark. Fashion retailer Next enjoyed better than expected progress in the first half, but kept its 'conservative' forecasts for second half like for like sales unchanged. Pre-tax profit for t
Read moreDe la Rue trading in line
16th Sep 2009 07:06
Specialist printer De La Rue said trading remains in line with expectations underpinned by strong banknote volumes. A strong order book for currency should support year-on-year increases for banknote volumes and revenues, the firm said. The Cash Processing Solutions division, which supplies softwa
Read moreLloyds non-exec Horn-Smith joins De La Rue
2nd Sep 2009 07:22
Sir Julian Horn-Smith has joined banknote printer De La Rue as a non-executive director, the same position he currently holds at part-nationalised lender Lloyds Banking. The 60-year-old was also a key figure in the rise of Vodafone, beginning his stint at the mobile phone colossus in 1984 and endin
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