The Numismatic Bibliomania Society

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V26 2023 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 26, Number 16, April 16, 2023, Article 29

DE LA RUE'S FINANCIAL TROUBLES

Iconic banknote printer De La Rue is having financial troubles; their chairman has just resigned. -Editor

  Charles III banknote

The chair of British banknote printer De La Rue has resigned after months of attempts to oust him and criticism of the company's leadership by one of its largest shareholders.

De La Rue, which can trace its history back more than 200 years, is responsible for printing about a third of all banknotes in circulation worldwide including the new Charles III design being produced for the Bank of England.

De La Rue logo Loosemore's resignation comes after a difficult few months for the London-listed company, which issued its third profit warning in 12 months on Wednesday after it revealed demand for banknotes was at its lowest in 20 years.

De La Rue has blamed the knock to its order books on falling demand for paper money, as consumers opt for card and contactless payments. Its share price has lost half of its value since the start of 2023, and has tumbled by almost two-thirds since last April.

To read the complete articles, see:
Banknote printer De La Rue's chair quits after turnaround plans criticised (https://www.theguardian.com/business/2023/apr/14/banknote-printer-de-la-rues-chair-kevin-loosemore-resigns-criticism-activist-investor)
Banknote printer De La Rue's chairman steps down (https://www.reuters.com/business/banknote-printer-de-la-rues-chairman-steps-down-2023-04-14/)

Shevlin E-Sylum ad 2023-03-26 So-Called Dollars Vol 1



Wayne Homren, Editor

Google
 
NBS (coinbooks.org) Web

The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

To subscribe go to: https://my.binhost.com/lists/listinfo/esylum

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V26 2023 INDEX       E-SYLUM ARCHIVE

Copyright © 1998 - 2024 The Numismatic Bibliomania Society (NBS)
All Rights Reserved.

NBS Home Page
Contact the NBS webmaster
coin