Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDe La Rue Share News (DLAR)

Share Price Information for De La Rue (DLAR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 98.00
Bid: 97.00
Ask: 98.20
Change: -2.00 (-2.00%)
Spread: 1.20 (1.237%)
Open: 99.00
High: 99.40
Low: 97.00
Prev. Close: 100.00
DLAR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

SMALL-CAP WINNERS & LOSERS: De La Rue chair resigns after pressure

Mon, 17th Apr 2023 10:23

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

----------

SMALL-CAP - WINNERS

----------

De La Rue PLC, up 7.9% at 43.15 pence, 12-month range 33p-118.8p. The stock bounces off recent lows. The security printed products maker said late Friday that Chair Kevin Loosemore has resigned to "draw a line under recent speculation surrounding the leadership of the company". He will leave on May 1. The firm has launched an "accelerated" search for his replacement, with the aim of appointing a new non-executive chair on May 2. Pepyn Dinandt, who has been nominated by shareholder Crystal Amber Fund Ltd and has indicated his willingness to be chair, will be a candidate in this process, De La Rue says. Loosemore has faced several calls to be removed from the board in recent months from Crystal Amber Fund, which has publicly criticised the firm for various alleged failures in governance and management.

----------

888 Holdings PLC, rise 2.4% at 76.50p, 12-month range 50.5p-220p. The gambling company's chair, Jon Mendelhson, buys 100,000 shares at 68.4p each, worth GBP68,4000 on Friday. Shares in the Gibraltar-based online betting and gaming company added 20% on Friday, after it said annual revenue was GBP1.24 billion in 2022, up 74% from GBP712.3 million in 2021, but it swung to a pretax loss of GBP115.7 million from a profit of GBP56.0 million, due to exceptional costs and adjusting items of GBP184.8 million. However, adjusted earnings before interest, tax, depreciation and amortisation amounted to GBP217.9 million, up from GBP119.7 million. Looking ahead, 888 said it expects 2023 revenue to be lower than 2022 by a low to mid-single-digit percentage, but adjusted Ebitda to be higher.

----------

SMALL-CAP - LOSERS

----------

Superdry PLC, down 1.4% at 87.7p, 12-month range 82.6p-184.4p. The clothing retailer extends Friday's losses, when it shed 17%. It withdrew its existing guidance of "broadly breakeven" adjusted pretax profit in the year ending April 30, compared to a profit of GBP21.9 million in financial 2022. This was, in part, due to retail sales in February and March, which were below its expectations

----------

By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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.

Read more
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

Read more
19 May 2021 15:43

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
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.

Read more
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

Read more
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

Read more
23 Mar 2021 15:04

EXECUTIVE CHANGES: BT Group Regulatory Affairs Director Ross leaves

EXECUTIVE CHANGES: BT Group Regulatory Affairs Director Ross leaves

Read more
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

Read more
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

Read more
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

Read more
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.

Read more
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

Read more
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

Read more
18 Nov 2020 16:01

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
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

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.