Central Banking

De La Rue shares soar on Oberthur takeover bid

De La Rue logo

De La Rue, the world's biggest banknote printer, has been approached with a takeover bid, months after a paper fault at its Hampshire plant that will put a £35m ($54.8m) dent in its profits for the year.

In a statement, De La Rue said it noted press speculation that it has received "a highly preliminary and opportunistic approach." The firm added: "There is no certainty that this highly preliminary approach will lead to an offer. A further announcement will be made as and when appropriate."

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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