Friday, July 27, 2012

Where's the Inflation? British Banknote Printer Falls on Hard Times

From City A.M.:
Note of caution for De La Rue
MONEY printer De La Rue said orders in the last three months have been lower than expected, with an order book broadly flat on a year ago.

The banknote maker added that it has “a number of important opportunities in the pipeline that are yet to be confirmed for production in the current financial year”.

Shares in the firm, which has embarked on a cost-cutting plan, closed down 4.6 per cent at £10.16.