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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: 100.50
Bid: 99.20
Ask: 101.50
Change: 2.50 (2.55%)
Spread: 2.30 (2.319%)
Open: 99.80
High: 102.50
Low: 97.40
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
7 Apr 2022 10:49

IN BRIEF: De La Rue annual profit set to be in line with expectations

De La Rue PLC - Basingstoke, England-based security printed products maker - For the year ended March 26, expects annual adjusted operating profit to be in line with market expectations.

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7 Apr 2022 10:44

SMALL-CAP WINNERS & LOSERS: Robert Walters surges after record quarter

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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7 Apr 2022 08:15

De La Rue sees FY adjusted operating profits in line with market views

(Sharecast News) - Banknote printer De La Rue said on Thursday that full-year adjusted operating profits were set to be in line with market expectations.

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7 Apr 2022 08:13

REPEAT: Shell to take up to USD5 billion hit from Russia exit

(Alliance News) - Shell on Thursday said it will book an impairment of between USD4 billion and USD5 billion in the first quarter of 2022 after exiting its operations in Russia.

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7 Apr 2022 08:08

LONDON BRIEFING: Shell to take up to USD5 billion hit from Russia exit

(Alliance News) - Shell on Wednesday said it will book an impairment of between USD4 billion and USD5 billion in the first quarter of 2022 after exiting its operations in Russia.

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3 Mar 2022 11:58

IN BRIEF: De La Rue to save GBP57 million in pension contributions

De La Rue PLC - Basingstoke, England-based security printed products maker - Actuarial valuation of pension scheme as at April 5, 2021, which was brought forward from December 31, 2022, shows a scheme deficit of GBP119.5 million, narrower than the GBP177 million that had been assumed under the schedule of deficit repair contributions that had been agreed with pension trustees in May 2020. As a result, the deficit can be funded through deficit repair contributions remaining flat at GBP15 million per year from April this year to March 2029, rather than stepping up to GBP24.5 million per year. This will result in a GBP57 million reduction in total payments by De La Rue into the pension scheme.

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11 Feb 2022 10:04

Spire Healthcare CFO hospitalised after cycling injury

Spire Healthcare CFO hospitalised after cycling injury

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4 Feb 2022 10:41

SMALL-CAP WINNERS & LOSERS: De La Rue and BATM shares fall again

SMALL-CAP WINNERS & LOSERS: De La Rue and BATM shares fall again

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3 Feb 2022 10:34

De La Rue wins five-year contract with Oman Tax Authority

De La Rue wins five-year contract with Oman Tax Authority

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3 Feb 2022 08:03

De La Rue signs 5-year contract with Oman Tax Authority

(Sharecast News) - Banknote printer De La Rue has signed a five-year contract with the Oman Tax Authority to implement a digital tax stamp solution for excisable goods.

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28 Jan 2022 15:56

De La Rue investor Crystal Amber calls for sale or breakup

(Sharecast News) - One of the largest shareholders in De La Rue has criticised management strategy and pushed the board to consider a break-up or sale after the banknote printer's profit warning this week.

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25 Jan 2022 09:59

TI Fluid expects annual revenue growth; Chair Wennemer to step down

TI Fluid expects annual revenue growth; Chair Wennemer to step down

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24 Jan 2022 17:04

LONDON MARKET CLOSE: Ukraine worries compound selling ahead of Fed

LONDON MARKET CLOSE: Ukraine worries compound selling ahead of Fed

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24 Jan 2022 12:20

LONDON MARKET MIDDAY: Stocks sink on fears of Ukraine conflict

LONDON MARKET MIDDAY: Stocks sink on fears of Ukraine conflict

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24 Jan 2022 11:01

SMALL-CAP WINNERS & LOSERS: De La Rue plunges after profit warning

SMALL-CAP WINNERS & LOSERS: De La Rue plunges after profit warning

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