£300 million sale to Crane NXTDeal transforms De La Rue balance sheetShares rally to two-year highDe La Rue's (DLAR) shares rallied 15.5% to a two-year high of 108.5p after the Bank of England banknote printer announced a deal to sell its authentication division to US-based industrial technology company Crane NXT for £300 million.Set to complete in the first half of 2025, the disposal will help

Shares off summer lows of 30pAdjusted operating profit of £7.9 millionFull-year outlook left unchangedShares in De La Rue (DLAR) fell over 8% in morning trading to 74p despite the banknote and passport printer reporting better-than-anticipated first half results.The firm reported an adjusted operating profit of £7.9 million ahead of previous guidance of breakeven for the six months ending 30 Sep

Investors in bank note and passport printing firm De La Rue (DLAR) are enjoying a rare period of calm as the shares continue their recovery from their all-time lows of 30p over the summer.With the stock currently trading at a nine-month high of 74p, and the firm having issued a pre-close update in early October, the first half results announcement on 19 December should be a formality.Adjusted oper

- Company cuts FY23 and FY24 guidance- Mention of bank covenants rattles market- Shares hit a 30-year lowInvestors in banknote and passport printer De La Rue (DLAR) will be thinking they have been here before after the firm cut its earnings expectations again for the year just ended and lowered its outlook for the coming year.A little over 12 months ago, the company cut its profit forecast for the

UK stocks experience their worst one-day fall in more than 12 months on Monday as global markets swooned due to sustained weakness in US technology stocks with the Nasdaq 100 collapsing by 4% as sellers began to exhibit signs of panic.Asian trading saw a volatile session with Japan's Nikkei 225 and China's Shanghai Composite up slightly, but the EuroStoxx 50 index of leading European companies she

UK stocks fell sharply at the start of the week as global markets swooned following weakness in US stocks on Friday.Asian trading saw a volatile session with Japan's Nikkei 225 closing 0.25% higher and China's Shanghai Composite up slightly, but the EuroStoxx 50 index of leading European companies shed 2% as tech stocks faced heavy selling.Investors are also bracing themselves ahead of an update f

Bank note printer De La Rue (DLAR) fell 27.3% to 109p on a major profit warning driven by supply chain issues, rising energy and raw material costs and staffing shortages linked to Covid.As a result the company said it now expected adjusted operating profit for the 12 months to 31 March 2022 to be broadly similar to last financial year, in the £36 million to £40 million range, versus market expe

UK and European stocks started the week on a down note following weakness in US stocks on Friday, although futures prices indicated a bounce of close to 1% for the benchmark S&P 500 at the open.Asian trading saw a volatile session with Japan's Nikkei 225 closing 0.25% higher and China's SE Composite up slightly. Oil prices continued their rise with Brent Crude gaining 0.5% to $87.70 per barrel.Inv

In the first of a two-part series Shares talks to a range of fund managers about the stocks they like for 2022. Covering both UK and overseas markets, the experts offer a range of ideas spanning technology and banking to leisure and automotive sectors.The second part of the series (to be published on 23 December) will reveal a selection of fund managers' biggest disappointments for 2021 and why th

UK shares closed higher on Wednesday, spurred on by US economic data which showed personal spending rose more than expected and weekly US jobless claims were the lowest since 1969, signaling continued strength in the economy.The latest minutes from the Federal Reserve's Open Market Committee meeting, are due after the market close.At the close the FTSE 100 index of leading shares was up 0.3% at 7,

UK shares gave back early gains as markets braced for a torrent of US economic data due to be released later today and ahead of the Thanksgiving holiday tomorrow when US markets will stay closed.As well as the weekly jobless numbers, investors will receive updates on the core latest inflation data, durable goods orders, and personal consumption trends, providing further evidence of economic streng

UK shares continued to climb on Wednesday with the FTSE 100 rising 0.5% back above the 7,300 level thanks to buying of oil majors and mining stocks.Meanwhile, investors were awaiting the release of minutes from the US Federal Reserve's latest Open Market Committee meeting, due after the market close, for clues as to the pace of interest rate hikes after recent strong inflation and jobs data.Sterli

UK stocks continued to claw back losses on Tuesday afternoon but not enough to prevent the FTSE 100 index of leading shares closing 0.3% lower to 7,130 weighed down by profit-taking in miners and financials after their gains of the last few days.Investors will be keeping a close watch on the upcoming US earnings season which starts in earnest tomorrow with Q3 reports from investment banks Goldman

UK stocks clawed back some of the early losses on Tuesday lunchtime but remained in negative territory as inflationary concerns continued to dampen investor sentiment.Oil prices remained firm with Brent crude futures holding at $84 per barrel while sterling pushed above $1.36, adding to the headwinds facing export-reliant companies.At midday, the FTSE 100 index of leading shares was down 0.3% to 7

UK stocks reversed Monday's gains as investors began to factor in the impact of rising energy prices on top of supply chain disruption on corporate profit margins.Overnight, US stocks fell back on growing fears of inflation with the weakness spreading to Asian markets which broke their three-day winning run. Technology stocks were among the biggest fallers in both regions.Oil prices remained firm

The old adage is that you should never let a good crisis go to waste and this mantra seems to be being taken seriously by activist investors as we emerge from the worst of the pandemic.Several big UK companies have activists either circling them or they are already on the shareholder register making demands of management. In this article we look at eight different activist situations and give our

It's not often you see an activist investor target another activist for poor performance but that's what happening at Crystal Amber Fund (CRS:AIM).On 25 June Crystal Amber revealed that Saba Capital Management, its largest shareholder holding over 25% of its shares, intended to vote against the company at November's continuation vote.A resolution passed in 2013 requires 75% of shareholder approval

The FTSE 100 marked its worst monthly performance since March as the index chalked up a fifth straight day of losses, down 4.48 points to 5,577.27.Investors have become increasingly concerned this week over fears that lockdowns to tackle surging coronavirus cases would disrupt a nascent economic recovery, with pressure mounting on the UK to follow Germany and France and impose a second nationwide

A stronger than expected recovery in the Eurozone economy was not enough to prevent a volatile FTSE 100 falling firmly back into the red by lunchtime, hit by concerns over a second lockdown and a rising pound.Economic activity for Eurozone countries as a whole between July and September was 12.7% higher than in the previous three months, beating expectations.But this failed to lift UK stocks follo

UK stocks fell again in opening trade on Friday, with the FTSE 100 set for its worst monthly loss since March, on fears that lockdowns to tackle surging coronavirus cases would disrupt a nascent economic recovery.The benchmark FTSE 100 was showing a relatively modest 0.15% decline to 5573.40 at 9am, having initially plunged 0.8% in opening deals. Blue chips were dragged lower by mining, healthcare