0933 GMT - De La Rue shows it can build momentum in its currency order book, Davy Research analyst Thomas Rands writes in a note. "There have been further significant contract wins, especially for polymer banknotes and substrate, that have further increased the end-November 2024 order book," Rands says. Additionally, the sale of its authentication business to U.S. Crane NXT is expected to substantially reshape the U.K. banknote printer's balance sheet and reduce its pension deficit, he adds. Shares are down 5% at 104 pence. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
December 12, 2024 04:33 ET (09:33 GMT)
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