De La Rue trading well
Banknote and security printer De La Rue has traded in line with expectations for the second half of the financial year, the firm said.
Banknote and security printer De La Rue has traded in line with expectations for the second half of the financial year, the firm said.
The Currency division has continued the good progress of the first half with improved volumes and revenues. Order intake and enquiries remain good and consistent with those at September 24th 2011.
The Solutions division continues to grow at similar levels to those reported in the first half.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Implementation of the Improvement Plan is progressing well with further cost reductions being achieved. The company was also keen to emphasise that the early results of revenue growth initiatives are encouraging.
"Overall the board remains confident that the group's trading and financial performance for the year is in line with its expectations," the firm said in a statement.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
-
Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
