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De La Rue to suspend dividend as it strives to cut costs

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(Reuters) - De La Rue Plc said on Tuesday it plans to suspend dividend payment and review its business to cut costs, as its banknotes printing unit struggles with depressed margins amid stiff competition and growing popularity of digital payments.The company's shares are expected to fall as much as 30% at the open, according to premarket indicators.The passport and banknotes printer has suffered..
Date Published: Nov 26, 2019
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