Less Ads, More Data, More Tools Register for FREE

TIMELINE-From Libya to China, banknote printer De La Rue's 200-year history

Tue, 26th Nov 2019 14:05

Nov 26 (Reuters) - British banknote printer De La Rue
, whose roots stretch back nearly 200 years, on Tuesday
warned its future was in doubt, wiping almost a quarter off the
company's value.

From printing cash during World War Two to developing the
world's first cash machine, here are some of the milestones in
the company's history:

OCTOBER 2019

London-listed De La Rue cut its profit forecast for the
second time in five months days after appointing turnaround
specialist Clive Vacher as CEO.

JULY 2019

UK Serious Fraud Office opened a criminal investigation over
"suspected corruption" in South Sudan, where De La Rue had won a
contract to print the country's currency.

MAY 2019

De La Rue warned of a profit downturn this year and said its
CEO Martin Sutherland would step down, triggering a 29% fall in
shares.

MAY 2018

Activist investor Crystal Amber said https://in.reuters.com/article/us-de-la-rue-activist/activist-crystal-amber-says-de-la-rue-vulnerable-to-takeover-idINKBN1I243A
the company was "highly vulnerable" to a takeover.

MARCH 2018

Company lost https://in.reuters.com/article/britain-eu-passport/sacre-bleu-new-post-brexit-british-passport-to-be-made-by-franco-dutch-firm-idINKBN1GY10N
a contract to make new blue British passports after Brexit to
Franco-Dutch firm Gemalto.

NOVEMBER 2011

Company won https://www.reuters.com/article/delarue/update-2-de-la-rue-profit-lifted-by-south-sudan-deal-idUSL5E7MM0KG20111122
a contract to supply currency to newly independent South Sudan.

SEPTEMBER 2011

Britain's air force delivered https://uk.reuters.com/article/uk-libya-britain-cash/dinars-from-heaven-as-britain-flies-banknotes-to-libya-idUKTRE77U4OR20110901
40 tonnes of Libyan dinars, printed by the company, to the
country's new rulers following the overthrow of Muammar Gaddafi.

JAN 2011

France's Oberthur Technologies walked https://www.reuters.com/article/delarue-oberthur/update-3-oberthur-walks-away-from-de-la-rue-bid-idUSLDE70N0LK20110124
away from a bid for the company.

2009

De La Rue won a ten-year contract to produce the UK passport
and the Bank of England renewed the contract to print sterling.

2003

De La Rue won https://polaris.brighterir.com/public/de_la_rue/news/rns/story/xoq4e1w
the main contract to produce banknotes for Iraq after Saddam
Hussein's death.

Company signed a seven-year contract to supply sterling for
the Bank of England, taking over the bank's manufacturing
operation

1967

Jointly developed and installed the world's first ATM
outside Barclays Bank in Enfield, UK.

1957

Marketed banknote counting machine.

1947

Listed in London.

1939

During World War Two, De La Rue printed currency for some
occupied countries, which was hidden in a quarry until the end
of the war.

1934

China places its first order for currency.

1862

Supplied to the Confederate States the only American stamp
to be produced abroad: the Five Cents Blue.

1860

Printed its first paper money - the Mauritius 5 pound, 1
pound and 10 shilling notes.

1821

Founder Thomas de la Rue set up in London, making straw hats
before producing stationery, playing cards, railway tickets and
stamps over next decades.

1813

Founder launched his first commercial venture, Le Miroir
Politique newspaper in Guernsey.

Source: Reuters stories and company website https://www.delarue.com/about-us/our-history-orig.

($1 = 0.7794 pounds)
(Reporting by Tanishaa Nadkar in Bengaluru. Editing by
Josephine Mason and Jane Merriman)

Related Shares

More News
11 Jun 2024 16:01

UK earnings, trading statements calendar - next 7 days

31 May 2024 09:15

LONDON BROKER RATINGS: RBC raises Centrica; Citigroup says buy BHP

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

30 May 2024 13:51

IN BRIEF: De La Rue extends two contracts; in talks for its divisions

De La Rue PLC - Hampshire, England-based banknote and security document printer - Reports positive momentum in both its Authentication and Currency di...

30 May 2024 10:04

SMALL-CAP WINNERS & LOSERS: De La Rue rises on "positive momentum"

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

30 May 2024 09:00

LONDON MARKET OPEN: Auto Trader shines as results impress shareholders

(Alliance News) - Stock prices in London were treading water early Thursday, with investors nervously eyeing some key US economic data.

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.