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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
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)

More News
26 May 2021 11:53

De La Rue sees profits jump, turnaround plans on track

(Sharecast News) - De La Rue saw operating profits jump last year, as heightened demand for banknotes from central banks during the pandemic helped offset weaker trading elsewhere.

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26 May 2021 11:46

De La Rue shrugs off sharp annual profit fall to focus on turnaround

De La Rue shrugs off sharp annual profit fall to focus on turnaround

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19 May 2021 15:43

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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13 May 2021 14:31

De La Rue renews contract with Microsoft

(Sharecast News) - De La Rue has signed a five-year renewal of its contract with Microsoft, the banknote printer said on Thursday.

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13 May 2021 12:49

De La Rue wins five-year extension to Microsoft authentication pact

De La Rue wins five-year extension to Microsoft authentication pact

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13 Apr 2021 11:51

De La Rue expects annual operating profit at top of market consensus

De La Rue expects annual operating profit at top of market consensus

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23 Mar 2021 15:04

EXECUTIVE CHANGES: BT Group Regulatory Affairs Director Ross leaves

EXECUTIVE CHANGES: BT Group Regulatory Affairs Director Ross leaves

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28 Jan 2021 11:48

De La Rue Increases Profit Expectations Despite Covid-19 Challenges

De La Rue Increases Profit Expectations Despite Covid-19 Challenges

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28 Jan 2021 10:45

SMALL-CAP WINNERS & LOSERS: De La Rue Profit To Be Above Consensus

SMALL-CAP WINNERS & LOSERS: De La Rue Profit To Be Above Consensus

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25 Nov 2020 11:28

De La Rue Swings To Profit In First Half Amid Reduces Operating Costs

De La Rue Swings To Profit In First Half Amid Reduces Operating Costs

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25 Nov 2020 09:09

Costs cuts pay off for de La Rue as profits soar

(Sharecast News) - UK banknote and passport printer De La Rue reported a huge rise in first-half profit on Wednesday, driven by cost cuts under its turnaround plan and said it was in early talks with governments on Covid-19 immunity certificates.

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22 Nov 2020 18:13

Sunday newspaper round-up: China, Facebook, Petropavlovsk

(Sharecast News) - Britain will lose billions of pounds of investment and thousands of jobs unless it reverses its hostility to China, an influential lobby group for Chinese businesses has warned. In the most stark public intervention yet, the China Chamber of Commerce in the UK - which represents companies including Huawei, ZTE and Air China - said there could also be a consumer backlash against British companies such as Jaguar Land Rover and Burberry, which are heavily reliant on China's middle-class customers. Relations between China and the UK are at their lowest ebb in decades, hit by Beijing's power grab in Hong Kong and Donald Trump's trade war with President Xi Jinping. - Sunday Times

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20 Nov 2020 13:42

UK EXECUTIVE CHANGE SUMMARY: New CFOs For Indivior And Costain

UK EXECUTIVE CHANGE SUMMARY: New CFOs For Indivior And Costain

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18 Nov 2020 16:01

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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30 Oct 2020 10:28

De La Rue Banknote Printing Contract With Bank Of England Extended

De La Rue Banknote Printing Contract With Bank Of England Extended

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