Future Of British Business
Printer of King Charles III Banknotes Plunges on Profit Warning
- Currency maker slides 25% ahead of vote on chairman’s future
- Firm will reprint British bank notes after King’s accession
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The company that’s reprinting Britain’s banknotes following the accession of King Charles III saw its shares tumble 25% after it issued a profit warning.
De La Rue Plc slumped after it said full-year adjusted operating profit would miss market expectations, days before a shareholder vote on the future of the money printer’s chairman that comes amid a battle with an activist shareholder.