Home Home | news | Forex | UK money printer De La Rue confirms takeover bid
 Menu

 Top Main Categories

  Builders   (28643 Hits)

  Car   (25516 Hits)

  Main   (21829 Hits)

  Automation Systems & Equipment   (16907 Hits)

  Cable & Wire Equipment   (16702 Hits)

  Accounting   (12124 Hits)

  Advertising   (11634 Hits)

  Agricultural   (10801 Hits)

  Boats   (10704 Hits)

  Amusement   (10527 Hits)


 Recent Listings

  Nottingham Steel Supplies Ltd - North East, Nottinghamshire, nottingham.

  Nottingham Steel are steel stockholders located in Nottingham. We supply a range of products includi

  (06-23-2018)

  Battery Force Ltd - East Midlands, Manchester, Manchester.

  Battery Force is one of theUKs largest online battery suppliers, offering a vast range of batterie

  (06-23-2018)

  Tenola Ltd - Eastern, Lincolnshire, Market Deeping.

  Tenola, Triathlon Wear and Clothing made in the UK. Tenola is engaged in the design, development and

  (06-23-2018)

  Locksmiths Edinburgh 365 - Scotland, Midlothian, Edinburgh.

  Locksmiths Edinburgh 365 professionals offer affordable and reliable residential locksmith service 2

  (06-23-2018)

  Imaginaire Digital - London, Nottinghamshire, Nottingham.

  Imaginaire Digital provide East Midlands businesses with Web Design and Online Marketing services (i

  (06-23-2018)


UK money printer De La Rue confirms takeover bid
15 2014, 09:49 | Rue, said, had, some, company, shares, specification, given, LONDON, approach, fallen, percent, Stock, offer, million, Group, trading, highly
LONDON (AP) British money printer De La Rue PLC said Monday it has received a highly preliminary and opportunistic takeover approach, causing its shares to jump higher. De La Rues announcement on Monday did not name the prospective bidder, but published reports have identified it as the French company Oberthur Technologies Group. the Financial Times said the approach valued De La Rue at more than 750 million pounds ($1.2 billion). De La Rue shares shot up 29 percent to 834 pence in early trading on the London Stock Exchange. There is no certainty that this highly preliminary approach will lead to an offer, De La Rue said in an announcement to the London Stock Exchange. Analysts at Panmure Gordon said the offer reported in the media represents a fair level given our ongoing concerns regarding reputational damage. Shares in De La Rue, which prints money for more than 150 countries, have fallen by about a third since July, when it disclosed problems with paper production. It was found that some of the many detailed specification parameters on the supply of some paper had fallen marginally short of specification, the company had said in a Nov. 23 trading update. It was also established that some of the groups employees had deliberately falsified certain paper specification test certificates. However, the company says the security features of the paper had not been compromised. In the November update, De La Rue said operating profit in the six months to Sept. 25 had fallen by more than half compared to a year earlier to 23.8 million pounds, and revenue was down 17 percent. We have suspected for some time that any interest in De La Rue would only come from a competitor given the problems any private equity firm would face in due diligence given the nature of the business, said Panmure Gordon analysts Mike Allen and Paul Jones. Despite the market position and scarcity of the asset we believe it unlikely this will become a bidding war, the added.
Related news:
» Fitch Affirms Manulife Financials Existing Ratings; Outlook Stable
CHICAGO(BUSINESS WIRE)Fitch Ratings has affirmed the ratings of Manulife Financial Corporation ...
» Gold As An Investment
Of all the precious metals, gold is the most popular as an investment.[1] Investors generally buy ...
» Retirement takes planning
For many consumers the economic recovery isnt so much crawling as stalling, but now is a good time ...
» TradeStation Begins Transformation of TradeStation Strategy Network to a Rich Online Marketplace of Value-Added Trading Analysis Tools
PLANTATION, Fla., Jan. 12, 2011 (GLOBE NEWSWIRE) TradeStation (Nasdaq:TRAD News), the ...
» ASK THE EXPERTS: Which cover is best if Im off work sick?
THIS weeks experts are Lee Smythe, managing director of Killik Chartered Financial Planners in ...


Link to:
Add to Blog »
: Forex | 356 | »


You can login using the proposed social services to add a comment.
Comments from authorized users are added to the directory without checking administrator.


You can log in using: Yandex Google Mail.ru Twitter Loginza MyOpenID OpenID WebMoney
Your name: *  
Your email (optional):     
Review: *  
  characters left.
: *  
 Top Listings

  Amplestore Ltd. - Armstrong Rechelle - South West, Cornwall, Redruth.

  Amplestore Ltd. - The kind of business activity - Warehousing & Distribution Services - SIC - 63129

  (650 Hits since11-15-2014)

  Hamilton Air Conditioning Ltd - London, Greater London, Hendon.

  Need an Air Conditioning installation, maintenance and repair service in London? Here at Hamilton

  (3114 Hits since01-20-2014)

  Overseas Express Ltd. - Chaudhry Hukam Dad - Director 0121-328-3907 - Unknown, West Midlands, Birmingham.

  Overseas Express Ltd. - Holiday & Travel Agencies - 178 Alum Rock Road

  (3082 Hits since0-0-22.10.2012)

  Nottingham Steel Supplies Ltd - North East, Nottinghamshire, nottingham.

  Nottingham Steel are steel stockholders located in Nottingham. We supply a range of products includi

  (99 Hits since06-23-2018)

  Battery Force Ltd - East Midlands, Manchester, Manchester.

  Battery Force is one of theUKs largest online battery suppliers, offering a vast range of batterie

  (99 Hits since06-23-2018)


 Products and Services


Dispute Resolution
If youre involved in a dispute, whether it is a commercial or a private matter, our solicitors can ...
0


Projector Installations
Definition Audio Visual is a professional projector installation company that installs custom projec ...
0.00


 Updated company

  Greenford Ltd - Mr R Hutton - Director 01865 877 820 - South East, Oxfordshire, Oxford.

  Greenford Ltd
Civil Engineering
Unit 1, London Road
Wheatley
Oxford  OX33 1


  Hamlin Iles & Crago - Chartered Building Surveyors - South East, Surrey, Guildford.

  Hamlin Iles & Crago - Chartered Building Surveyors in London and south east - specialising in pa

  Service Graphics North - 01695 725 486 - North West, Lancashire, Skelmersdale.

   We Change Space As the UK's largest provider of , we have a long and proven track record of pro

  Broughton Pianos - North East, Worcestershire, Belbroughton.

  Broughton Pianos have been trading for over 30 years, and in this time have established themselves a

  Tekfirst - Yorkshire and the Humber, North Yorkshire, Harrogate.

  Tekfirst is a professional full-service digital marketing agency which offers an array of services f


 Featured Listings

  M T S Electrical Services Ltd - Mr B Gormley - Director 2476456868 - West Midlands, West Midlands, Coventry.

  M T S Electrical Services Ltd - Electricians & Electrical Contractors - 19 Browning Road

  Tavern Co (UK) Ltd - Mr David Marrs - Manager 0151-709 1070 - Unknown, Merseyside, Liverpool.

  Tavern Co (UK) Ltd - Restaurants - Mexican - 4 Queen Square

  Heritage Market - Mr F Tough - Manager 0151-207 7227 - Unknown, Merseyside, Liverpool.

  Heritage Market - Market Operators - Stanley Dock

  Socio - Mr S Hairsnape - Proprietor 0151-227 3311 - Unknown, Merseyside, Liverpool.

  Socio - Surveyors - Building - Orleans House

  Nickson & Associates Ltd. - Roy Nickson - Director - Unknown, Merseyside, Liverpool.

  Nickson & Associates Ltd. - - 201 London Road


My Notebook (0) UK Business Directory
This Page Took 0.776 secs To Load, Current Template - "shape", Language - "en".
GZip Compression Disabled, 60 SQL Queries Executed, Took 0.587 secs ( Average 0.01 secs )


CV12FL, ENGLAND, WEST MIDLANDS, COVENTRY,THE MERIDIAN, 4 COPTHALL HOUSE, STATION SQUARE
Business directory
+44 (0) 247-699-67-96, +44 (0) 843-532-55-12
http://www.handbook.org.uk/