De La Rue Share News (DLAR)

(Alliance News) - Stock prices in London are seen opening lower on Monday following a lower US close on Friday, amid tensions in the Middle East and caution ahead of the G20 summit later this week.In company news, troubled Australian retailer MySale launched a strategic review and formal sale process, and Civitas Social Housing reported positive annual results.IG futures indicate the FTSE 100 index is to open 11.70 points lower at 7,395.80. The UK blue-chip index closed down 16.94 points, or 0.2%, at 7,407.50 on Friday.Online retailer MySale Group said it is to commence a review of its options in order to "maximise value for its stakeholders".MySale said the review will consider "all types of corporate activity", including options to raise additional capital to support the restructuring of the company, ways to reduce debt, the sale of certain parts of the company or the whole of the group, and de-listing of the company's shares to trading on AIM.MySale said it has continued to experience challenging trading conditions in Australia, its largest market, mainly due to the market disruption caused by changes to goods and services tax regulation introduced in July 2018.MySale said this has had, and continues to have, a detrimental effect on its financial performance with declines in revenue, gross profit and gross margin. Moreover its financial 2019 results are to include a one-off accounting charge of AUD1.96 million in relation to an asset that is no longer deemed recoverable, but it said this accounting adjustment has no impact on its current or forecast cash balance.The company now expects underlying operating expenses will be significantly reduced, to AUD35 million from AUD74 million in financial 2018. MySale said it has AUD15.4 million in net debt and may require additional funding on short notice. It had a market cap of GBP10.3 million at Friday's close in London.Investor Civitas Social Housing said it made considerable progress in its recent financial year.For the year ended March 31, net rental income rose 91% to GBP35.7 million from GBP18.6 million the year before and diluted net asset value was up 1.5% to 107.08 pence from 105.54p in financial 2018. The company declared a total dividend of 5.0p, up 67% from 3.0p last year. Civitas intends to target a dividend of 5.3p for the current financial year to March 2020.Chair Michael Wrobel said: "The UK has a chronic shortage of supported housing, with demand expected to increase further due to a range of factors including medical advances at birth and a growing and ageing population. The government-sponsored Personal Social Services Research Unit projects a 55% growth in supported housing needs for working age adults with learning disabilities between 2015 and 2030."This demand-supply imbalance along with continued government commitment to fund supported accommodation provides strong fundamentals for continued investment into the supported housing sector."Banknote and security documents printer De La Rue said Senior Independent Director Andy Stevens is to step down due to other commitments. Stevens will leave once a successor is appointed or by December 31. De La Rue said it will seek two non-executives, as it also needs to replace Chair Philip Rogerson, who will step down once a new chief executive is found.In the US on Friday, Wall Street ended lower, with the Dow Jones Industrial Average and S&P 500 down 0.1%, while the Nasdaq Composite closed down 0.2%."The week begins with a limited risk appetite, as tensions between the US and Iran escalate," said London Capital Group's Ipek Ozkardeskaya.US President Donald Trump on Sunday said he does not want to start a war with Iran. However, he warned that if it comes to a war then it will be "obliteration like you've never seen before" for the Islamic Republic.In an interview on NBC's "Meet The Press" on Sunday, Trump said that the only condition is that Iran can not have a nuclear weapon."I'm not looking for war and if there is, it'll be obliteration like you've never seen before," Trump said. "But I'm not looking to do that. But you can't have a nuclear weapon. You want to talk? Good. Otherwise you can have a bad economy for the next three years."Meanwhile, China and the US should work to reach a compromise in their trade dispute, Vice Minister of Commerce Wang Shouwen said in Beijing on Monday, days ahead of a planned meeting between the two country's presidents.Chinese and US trade teams are both preparing for negotiations following a phone call last Tuesday between Chinese President Xi Jinping and US President Donald Trump, Wang told a press briefing.Trump and Xi are set to meet later this week at the G20 summit in the Japanese city of Osaka.The Japanese Nikkei 225 index closed up 0.1%. In China, the Shanghai Composite is flat, while the Hang Seng index in Hong Kong is up 0.1%.The pound was quoted at USD1.2749 early Monday, higher than USD1.2694 at the London equities close Friday.Boris Johnson has repeated his determination to deliver Brexit by Halloween, in what will be seen as an attempt to refocus attention away from his private life.The Tory leadership candidate appeared to deliver a retort to his rival to be prime minister as he vowed "we are not going to bottle it" on the EU exit date of October 31.But Jeremy Hunt called on Johnson not to be a "coward" by avoiding a live TV debate with him this week, as he suggested otherwise he would be "slinking through the back door" of Number 10.Johnson remains under pressure to explain why police were called to the home he shares with partner Carrie Symonds, but in his column for the Daily Telegraph he attempted to switch attention back to political rather than personal issues.In a quiet economic calendar on Monday there is the German business sentiment index reading at 0900 BST.