De La Rue hurt by Indian loss

By DAILY MAIL REPORTER
Updated:

 

Shares in troubled bank note printer De La Rue fell yesterday on reports that it will not be awarded new contracts to supply the Indian central bank in the near future.

De La Rue admitted last year that quality reports had been falsified about banknote paper believed to be destined for India.

The company, down 1.5p to 836p, is under siege in an £895m bid from Oberthur of France, which earlier this week called for more clarity from De La Rue.

Separately, Simon Webb, who stepped down as De La Rue finance director in May, is taking on the same position at sausage skin maker Devro, down 2p to 255p.

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