The London-listed company said it faced “significant uncertainty” because of low order volumes. Clive Vacher, De La Rue’s chief executive, told the BBC that banks increased orders for notes during the pandemic but were now delaying new purchases. “So we expected a downturn, which has indeed happened, but that downturn is probably extending deeper and probably for an extra nine …
Much before the word “corona” struck panic and fear in people owing to its association with the virus and the disease, it was more popularly used elsewhere… in eclipses. It was seeking answers to this question that English astronomer and chemist Warren de la Rue set sail from Plymouth Harbour in England aboard the HMS Himalaya, borrowed from the Royal …
Coronavirus will increase demand for new currency, according to banknote printer De La Rue, which is raising £100m to finance a turnaround plan. Clive Vacher, chief executive, said: “Covid-19 means it’s less acceptable to have grubby old banknotes and it also means more demand for plastic notes, which is good for us.” Turnaround expert Mr Vacher was parachuted in to …
