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Pin to quick picksDe La Rue Share News (DLAR)

Share Price Information for De La Rue (DLAR)

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Share Price: 97.80
Bid: 97.40
Ask: 98.80
Change: -0.20 (-0.20%)
Spread: 1.40 (1.437%)
Open: 95.00
High: 97.80
Low: 95.00
Prev. Close: 98.00
DLAR Live PriceLast checked at -

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FTSE 100 ends higher for fourth straight day, U.S inflation cools

Wed, 12th Apr 2023 17:31

March domestic pay growth slows - survey

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De La Rue hits record low on profit warning

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Petrofac slumps on wider annual loss forecast

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FTSE 100 up 0.5%, FTSE 250 up 0.3%

April 12 (Reuters) - London's FTSE 100 closed higher on Wednesday for the fourth straight session, supported by healthcare and energy stocks as signs of cooling inflation in the U.S., the world's largest economy, boosted investor sentiment.

The blue-chip FTSE 100 ended 0.5%, holding on to one month highs, though it had pared some earlier gains. The mid-cap FTSE 250 closed 0.3% higher.

Pharmaceutical companies surged 1.1% and energy heavyweights BP Plc and Shell Plc rose 0.5% and 0.6%, respectively tracking strength in crude oil prices.

Global stocks rallied after data showing a moderation in U.S. headline inflation in March spurred hopes that the Federal Reserve may soon pause its monetary tightening.

But analysts pointed to still sticky core inflation, and said the Fed was likely to deliver another 25 basis point rate hike in May.

"The data painted a mixed picture in terms of the deflationary story and headline inflation obviously was lower," said Stuart Cole, head macro economist at Equiti Capital

"The disappointing feature was that the core monthly figure is still incompatible with the Fed's 2% inflation target."

The pound climbed against the U.S. dollar hitting shares of some export-focused companies in the FTSE 100.

The FTSE 100 has been on a positive streak, helped by commodity stocks and defensives, such as pharmaceuticals, despite concerns over a potential U.S. recession.

Among other major movers, Petrofac Ltd slumped 13.2% after the company said it expected to report a wider operating loss.

De La Rue Plc plunged 19.0% and hit a record low after the banknote printer said it expects full-year profit to be below market expectations.

West Africa-focused oil producer Tullow Oil slid 6.0% on Jefferies' downgrade to "underperform" from "hold."

Meanwhile, a survey showed the sharp pace of pay growth in Britain showed signs of slowing in March, and a shortage of candidates eased for the first time in two years. (Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Savio D'Souza, Janane Venkatraman and Jane Merriman)

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25 Feb 2020 09:47

De La Rue To Cut Costs And Invest In Growth Under Restructuring Plan

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25 Feb 2020 09:16

De La Rue to cut costs by ?35m a year

(Sharecast News) - De La Rue said it would cut annual costs by ?35m as the struggling banknote printer seeks to recover from losing the contest to produce the UK's blue post-Brexit passports.

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25 Feb 2020 08:03

UPDATE 2-Banknote printer De La Rue pins turnaround on paper-to-polymer shift

* Sharpens focus with shift to two divisions* Targets annual cost savings of 35 mln stg* Forecasts margin improvement at currency division* Shares jump 15% (Adds detail and shares)By Yadarisa ShabongFeb 25 (Reuters) - De La Rue Chief Executive Clive...

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25 Feb 2020 08:03

UPDATE 1-De La Rue shifts focus to polymer notes in hopes of faster turnaround

(Adds detail on turnaround plan, debt, background)Feb 25 (Reuters) - De La Rue said on Tuesday it plans to invest more in polymer notes and rein in costs at its currency division, as the struggling banknote printer tries to improve margins as part...

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25 Feb 2020 08:03

UPDATE 1-De La Rue shifts focus to polymer notes in hopes of faster turnaround

(Adds detail on turnaround plan, debt, background)Feb 25 (Reuters) - De La Rue said on Tuesday it plans to invest more in polymer notes and rein in costs at its currency division, as the struggling banknote printer tries to improve margins as part...

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De La Rue unveils cost-cutting plans, reaffirms profit outlook

Feb 25 (Reuters) - De La Rue said on Tuesday it plans to rein in costs at its currency division and invest more in polymer notes, as the struggling banknote printer tries to improve margins as part of a three-year turnaround plan.The company, whic...

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