Recent overcapacity in the banknote industry. caused by increased longevity of banknotes and state-owned suppliers entering the commercial market is creating a very challenging operating environment for commercial printers like De La Rue. Its share ...
No one expected miracles from De La Rue (DLAR) given the banknote printer issued a profits warning just two months ago. Challenging market conditions will chop �20 million from this year's profits and reverberate into the next.
Stationery and magazines giant WH Smith (LSE: SMWH) has fallen 3% following its latest trading update released today. But I view this as nothing more than profit-taking following the share's steady price ascent.
Shares in banknote and passport producer De La Rue (LSE: DLAR) fell by 25% when markets opened this morning, after the firm slashed its interim dividend by 41% and cut its forecast for underlying pre-tax profits by 26%.