Report
Brett Horn
EUR 147.86 For Business Accounts Only

Brexit Could Affect De La Rue’s Ability to Print Euros

The European Central Bank recently announced that in response to the United Kingdom's vote to leave the European Union, it is adjusting its rules on banknote printers. Essentially, preference will be given to banknote printers within the eurozone. Because De La Rue is based in the U.K., this could present some issues in the likely event of a Brexit. However, we think the impact, if any, would be quite limited. The central bank is maintaining some flexibility, and the rule does not appear to be a...
Underlying
De La Rue PLC

De La Rue provides governments, central banks and businesses with a range of security products, software solutions and services that underpin the integrity of trade, personal identity and the movement of people and goods. Co. has three segments: Currency, which provides printed banknotes, banknote paper and polymer substrates and banknote security components; Identity Solutions, which involves the provision of passport, ePassport, national ID and eID, driving licence and voter registration schemes; as well as Product Authentication and Traceability, which produces security documents, including authentication labels, brand licensing products, government documents, cheques and postage stamps.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brett Horn

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