De La Rue shares drop 30% on turnaround delay as COVID woes worsen
Published by Reuters UK By Yadarisa Shabong (Reuters) -De La Rue has delayed the delivery of its turnaround plan by a year and warned that annual profit will miss market expectations, as the banknote printer struggles with coronavirus-related staff absences and supply chain issues. Shares in the London-listed company tumbled 30% as it said staff shortages, supply snags and cost inflation have got worse, hitting its higher cost sites in Britain and Malta, and lowering its total output for the year. De La Rue launched a three-year turnaround plan in Feb. 2020 after warning on its future and scrapping dividends
HE MINISTER WITHIN THE OFFICE OF THE PRIME MINISTER Minister Carmelo Abela participated in the plenary session on the Future of Europe
Minister within the Office of the Prime Minister Carmelo Abela participated in the third plenary of the Conference on the Future of Europe at the European Parliament in Strasbourg, happening between the 21st and 22nd of January, 2022. These plenary mee…
Shipwreck leaves four Tunisia migrants dead, seven missing
Published by Al-Araby Four Tunisians, including a young girl, have died and seven others are missing after a boat carrying migrants sank off the country’s central city of Sfax, the authorities said Friday. The boat had set off from Tunisia on Wednesday and went down overnight near the islands of Kerkennah, National Guard spokesman Houssem Eddine Jebabli told AFP. “According to witnesses, there were 32 migrants on board, all of them Tunisians,” he said, adding: “We rescued 21 and quickly recovered a first body.” The coast guard later found three other bodies, including that of a girl aged about 10,
China Exports Its Traditional Medicine to Africa
Hing Pal Singh is among dozens of patients with daily appointments at the Oriental Chinese Herbal Clinic in Nairobi.Singh, 85, has been suffering from spinal problems for five years and is now trying herbal remedies.“There is a slight difference,” Sing…
Judge Blocks Vaccine Mandate for US Federal Workers
A federal judge on Friday issued a nationwide injunction prohibiting the enforcement of U.S. President Joe Biden’s requirement that federal workers be vaccinated.Biden announced the mandate, which required 3.5 million federal workers to be vaccinated o…
THE MINISTRY FOR EQUALITY, RESEARCH AND INNOVATION: Minister Owen Bonnici meets the newly appointed Board of the Authority on the Responsible Use of Cannabis
Minister for Equality, Research and Innovation Owen Bonnici met with the members of the Board of the new Authority on the Responsible Use of Cannabis. This Board was constituted for the first time on the 10th of January 2022, following the entry into …