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De La Rue scores top share price.(Brief article)

Print Week

| February 15, 2007 | COPYRIGHT 2003 Haymarket Business Publications Ltd. (Hide copyright information)Copyright

De La Rue hit its highest share price for more than a decade last week after it said that it would smash City forecasts when its results are announced in May.

The world's largest private banknote printer, and the UK's biggest print firm, said in a trading update that its pre-tax profits for 2006 would be 'significantly ahead' of a forecasted figure of pounds 90.7m.

After the update last Thursday, De La Rue's share price leapt to 703p, an increase of 6%, valuing the group at around pounds 1.1bn. As PrintWeek went to press it had moved back slightly to 695p. …

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