BANKNOTE printer De La Rue toasted a 73% rise in profits amid reports it is preparing to start making drachmas in case Greece crashes out of the eurozone.

The firm, which prints notes for the Bank of England and 150 other countries, said underlying profits rose to £57.7m in the year to the end of March as it benefited from a recovery plan.

Orders at its currency business were up by 18% to £183m, although it warned the market is becoming more competitive.

The company is reported to be preparing to print an alternative Greek currency and has retrieved old moulds of drachma notes.