De La Rue drops passport appeal and issues profit warning

Banknote-printing company blames £4m bid cost for second profit warning in a monthThe British printing firm that lost out on £490m contract to make the post-Brexit blue passport is dropping an appeal against the decision, less than a month after the firm’s boss vowed to fight the government. De La Rue said it had made the “pragmatic business decision” after taking legal advice and having “considered all options”. The company, which prints the current bur