Sutherland said: “We maintain a strong order book and pipeline

wholesale replica designer handbags Composite picture of an old British passport (left) and a burgundy UK passport in the European Union style format. British passports will return to having blue covers after Brexit, it has been confirmed. (Image: PA)Get money updates directly to your inboxSubscribeSee our privacy noticeMore newslettersChief executive Martin Sutherland said the shift in strategy came after the group lost the contract to make the UK’s post Brexit blue passports to Franco Dutch firm Gemalto earlier this year.He said: “Over the last six months we have conducted a thorough review of our strategy and market positions.”In the light of the UK passport decision, we have concluded that we will refocus our identity business on the supply of higher margin security features and components.”De La Rue will concentrate on separate parts of the manufacturing process such as on polymer plastics and security technology.The company is currently in the midst of a five year plan to transform De La Rue into a “less capital intensive, more technology led security product and services provider” in order to improve earnings.New blue British passports WILL be printed in France as UK firm De La Rue drops appealIs your passport approaching expiry? Better get renewing now.The Government came under heavy fire in March for its decision to choose a European firm for the contract, but claimed it will save million during the lifetime of the 11 and a half year contract.The company abandoned its appeal against the Government’s decision in April, when it revealed that it will take a million hit from its failed bid.De La Rue, which has produced banknotes since 1860, is also the firm behind both the new polymer and notes.Details of its strategy overhaul came as De La Rue posted a slump in half year profit due to lower margins in the currency division and continued investment in the business.For the six months ended September 29, the banknote maker made a pre tax profit of million compared with million in the same period a year earlier.However, revenue increased 5% to million and the company maintained the interim dividend at 8.3p a share.Sutherland said: “We maintain a strong order book and pipeline which provides good visibility for the second half replica bags buy online of this year and into next year.”With good revenue coverage from the group’s 12 month order book of million and based on the orders planned for production and shipment in the second half, we are confident that we will meet our expectations for the full year.”Read MoreTop money storiesallMost ReadMost RecentConsumer rightsFinally! Viagogo says it WILL follow the rules when re selling ticketsMore than six months ago all the major ticket reselling sites agreed to change the way they worked to be fairer to customers. wholesale replica designer handbags

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