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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
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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)

More News
26 Nov 2019 07:54

UPDATE 4-De La Rue warns on its future, scraps dividend to tackle debt

* Firm raises doubt over ability to continue as going concern* Shares fall by as much as 26% to a 20-yr low* Cuts dividend to tackle debt, speeds up restructuring (Updates shares, adds comments, timeline)By Yadarisa ShabongNov 26 (Reuters) - Bankno...

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26 Nov 2019 07:54

UPDATE 3-De La Rue warns on its future, scraps dividend to tackle debt

* Firm raises doubt over ability to continue as going concern* Shares fall by as much as 23%* Cuts dividend to tackle debt, speeds up restructuring (Adds detail on debt, credit score, analyst comment, graphic)By Yadarisa ShabongNov 26 (Reuters) - B...

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26 Nov 2019 07:54

UPDATE 2-De La Rue warns on its future, scraps dividend to tackle debt

* Raises doubt over ability to continue as going concern* Shares fall by as much as 20%* Cuts dividend to tackle debt, speeds up restructuring (Recasts leads, updates share price fall)By Yadarisa ShabongNov 26 (Reuters) - De La Rue warned of "signif...

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19 Nov 2019 16:09

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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11 Nov 2019 06:58

PRESS: Three Firms Explore Bid For De La Rue's Authentication Arm

PRESS: Three Firms Explore Bid For De La Rue's Authentication Arm

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5 Nov 2019 13:28

TI Fluid Appoints Former De La Rue Boss Tim Cobbold To Board

TI Fluid Appoints Former De La Rue Boss Tim Cobbold To Board

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30 Oct 2019 12:08

LONDON MARKET MIDDAY: Caution Ahead Of US Interest Rate Guidance

LONDON MARKET MIDDAY: Caution Ahead Of US Interest Rate Guidance

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30 Oct 2019 10:37

UK WINNERS & LOSERS SUMMARY: ConvaTec Gains After Solid Organic Growth

UK WINNERS & LOSERS SUMMARY: ConvaTec Gains After Solid Organic Growth

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30 Oct 2019 10:19

De La Rue Shares Suffer Following Profit Warning Amid Transition

De La Rue Shares Suffer Following Profit Warning Amid Transition

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30 Oct 2019 09:49

UPDATE 2-Pharma stocks lift FTSE 100 out of red

* FTSE 100 up 0.3%, FTSE 250 down 0.3%* GSK, AstraZeneca among biggest boosts* Next Plc falls after Q3 update* Passport maker De La Rue hits lowest in two decades (Adds company news, updates share moves to close)By Muvija M and Shashwat AwasthiOct 3...

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30 Oct 2019 09:13

De La Rue tumbles after profit warning

(Sharecast News) - Shares of De La Rue tumbled on Wednesday as the banknote printer warned on profits.

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30 Oct 2019 07:58

UPDATE 2-De La Rue shares sink as passport maker warns on profit again

* Sees FY profit lower than market view* Sees H1 profit in low-to-mid single digit millions* Shares plunge to 21-year low (Adds shares, background, analyst comments)By Yadarisa Shabong and Indranil SarkarOct 30 (Reuters) - De La Rue shares plunged t...

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14 Oct 2019 16:45

De La Rue GBP42 Million International Identity Solutions Sale Complete

De La Rue GBP42 Million International Identity Solutions Sale Complete

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14 Oct 2019 11:06

CORRECT: UK BROKER RATINGS SUMMARY: Shore Keeps Asos At Sell

CORRECT: UK BROKER RATINGS SUMMARY: Shore Keeps Asos At Sell

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14 Oct 2019 09:23

UK BROKER RATINGS SUMMARY: Shore Cuts Asos To Sell From Hold

UK BROKER RATINGS SUMMARY: Shore Cuts Asos To Sell From Hold

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