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City

De La Rue warns jobs under threat after third profit alert this year

Banknote printer De La Rue has warned over possible job cuts as it looks to ramp up cost savings after swinging to a loss and warning over full-year results for the third time this year. Chief executive Clive Vacher told the PA news agency that ...

23 Nov 2022 at 11:20

Personal Finance

Post Office expects rush of customers depositing paper £20 and £50 banknotes

The Post Office is preparing for a “last moment” rush in customers depositing paper £20 and £50 banknotes in its branches this week, before they can no longer be used in shops or to pay businesses. September 30 is the last day that the Bank of ...

26 Sept 2022 at 01:01

Personal Finance

100 days left to use paper Bank of England banknotes

People have just 100 days left to use the paper Bank of England £20 and £50 banknotes remaining in circulation. September 30 is the last day that the Bank’s paper £20 and £50 banknotes will have legal tender status. It is encouraging anyone ...

23 Jun 2022 at 01:01

City

De La Rue holds talks over potential sale of core divisions

Banknote printer De La Rue is in talks with suitors interested in buying each of its core divisions following a strategic review. The Basingstoke-based group, which prints banknotes for the Bank of England and other central banks across ...

30 May 2024 at 08:10

Personal Finance

King Charles banknotes to enter circulation on June 5

Banknotes carrying a portrait of the King will be issued for the first time on June 5, the Bank of England has said. The portrait of Charles will appear on existing designs of all four banknotes (£5, £10, £20 and £50), with no other ...

21 Feb 2024 at 10:35

Treasury ‘confident’ enough coins available without ordering more this year

The Treasury has denied that 1p and 2p coins are to be scrapped after none were ordered from the Royal Mint this year. Reports had suggested the coins could be reaching the end of their life amid the continuing decline in cash use. ...

25 Jul 2024 at 15:44

City

De La Rue cheers half-year earnings after currency demand rebound

Banknote printer De La Rue has hailed a better-than-expected first half and revealed a more than doubling of its currency order book since September on a recovery in global demand. The Basingstoke-based group, which prints ...

19 Dec 2023 at 09:21

City

De La Rue in talks over near-£100m deal to sell stake

Banknote printer De La Rue has revealed talks to sell up to a 40% stake in the business for £98 million as it also explores a possible sale of the currency division. The group said it was in discussions with UK private ...

12 Dec 2024 at 17:32

Personal Finance

Hundreds head to Bank of England to get hands on first banknotes featuring King

Hundreds of people have headed to the Bank of England to be among the first to own a banknote featuring the King. The new banknotes were issued for the first time on Wednesday and will circulate with existing notes ...

05 Jun 2024 at 15:27

Personal Finance

All change as King Charles banknotes enter circulation

Banknotes featuring the King’s portrait are being issued from Wednesday, marking the first time that the sovereign has been changed on the Bank of England’s notes. The new banknotes will co-circulate alongside ...

05 Jun 2024 at 00:01

City

Banknote maker De La Rue sold to US buyout firm for £263m

UK banknote printer De La Rue has agreed to be bought by a US buyout firm in a deal worth £263 million. The more than 200-year-old company, which is based in Basingstoke, Hampshire, will be taken off the ...

15 Apr 2025 at 14:20

City

De La Rue lifts profit expectations as currency demand recovers

British banknote maker De La Rue has bumped up its profit expectations for the first half of the year after it reported seeing signs of recovery in its currency business. The Basingstoke-based firm said ...

06 Oct 2023 at 10:32

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