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BUZZ-De La Rue: stop press

Fri, 26th Sep 2014 07:29

** De La Rue shares lose more than a quarter oftheir value & suffer their biggest single-day drop since Feb2003 on warning on profits & dividend.

** Company cuts 2015 expectations & says full-year dividendcould be at risk.

** Pricing on number of long-term contracts under pressureand will hit margins, company says.

** Heavy volumes in stock with 1.5x daily average traded infirst 20 minutes.

** Stock biggest loser by far among UK midcaps.

** Top-ranked broker Investec slashes PT by 34 pct, rest ofthe Street expected to follow suit.

(RM: vikram.subhedar.thomsonreuters.com@reuters.net)


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