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Numis Securities has reiterated its 'buy' rating for Intertek despite the testing and quality control firm missing estimates with its 2013 results, saying that it remained upbeat about long-term structural growth prospects and returns potential. Pre-tax profits totalled £314.9m last year, up 2.1% y
Read moreAbcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read moreIntertek Group, the provider of testing services, on Monday gave investors reasons for cheer. It still sees considerable opportunities in China, one of the long-term drivers for the business. Margins should also improve this year. Thus, cuts in capital expenditures by big oil firms are now being mat
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By Li-mei Hoang LONDON, March 3 (Reuters) - Product-testing company Intertek forecast stronger revenue growth and profitability in 2014 after weak commodities markets prompted it to shrink its minerals business last year. The British company, which tests anything from oil to children
Read more- Profit and revenue rise on emerging market growth - Cost cutting programme continues - Earnings per share up 5.6 per cent - Dividend raised 12 per cent Product testing company Intertek Group reported a 6.3 per cent increase in annual revenue to 2.18bn pounds, driven by growth in divisions within
Read moreThe FTSE is expected to open notably lower this morning, hit by the most recent developments in the Ukraine and ahead of what is set to be another busy week. City sources predict the FTSE 100 will open around 80 points lower than Friday's close of 6,809.70. The crisis in Ukraine has stepped up a g
Read moreProduct testing company Intertek Group has bought International Inspection Services (INSPEC), a United Arab Emirates-based provider of non-destructive testing (NDT) services to the oil and gas sector. The business was acquired from Lamprell Energy, a subsidiary of Lamprell, for a total cash consid
Read moreAnglo Pacific: FinnCap cuts target price from 279p to 216p, downgrades to hold. Ashmore Group: UBS reduces target price from 405p to 355p, while leaving its buy recommendation unchanged. Jefferies cuts target price from 475p to 375p, while its buy recommendation is kept. Barclays lowers target pric
Read more- FTSE 100 fails to break 2013 intraday high - Credit squeeze eases in China - IMF lifts global growth forecasts techMARK 2,846.40 -0.25% FTSE 100 6,834.26 -0.04% FTSE 250 16,144.20 -0.51% After a choppy session, UK markets finished broadly flat on Tuesday as the FTSE 100 teetered at levels not re
Read moreIntertek, a provider of testing and safety solutions, jumped as a result of readacross from its sector peer, Swiss firm SGS, which posted upbeat full-year results. Consumer products group Unilever was also high riser today after reporting underlying sales growth of 4.3% for 2013, helped by strong
Read moreZURICH, Jan 21 (Reuters) - Testing and inspection company SGS posted a rise in full-year net profit on Tuesday and said it expected to grow its top line each year for the next three years. "For the next 3 years, the Group is expected to achieve organic top line growth of 6-9 percent per yea
Read moreAberdeen Asset Management: JP Morgan cuts target price from 544p to 529p, while its overweight rating remains unchanged. Canaccord Genuity reduces target price from 586p to 540p and reiterates a buy recommendation. UBS lowers target price from 540p to 520p and keeps a buy recommendation. Ashtead Gr
Read more- Shell issues profit warnings, oil stocks fall - UK retail sales, US consumer sentiment data out - FTSE 100 holds near eight-month high techMARK 2,853.35 +0.34% FTSE 100 6,822.56 +0.10% FTSE 250 16,229.98 +0.13% Markets opened more or less flat on Friday morning ahead of a busy day for economic d
Read more- Markets pause for breath after recent highs - Mining stocks surge as Citi turns bullish - Aberdeen drops as AuM fall - Retailers AB Foods, Halfords, Dixons, Home Retail in focus techMARK 2,843.65 +0.10% FTSE 100 6,815.42 -0.07% FTSE 250 16,209.65 -0.51% UK markets finished largely flat on Thursd
Read moreMining stocks were performing well after Citigroup lifted its stance on the sector from 'neutral' to 'bullish', representing its first positive outlook for the industry in three years. The bank has labelled BHP Billiton, Rio Tinto and Glencore Xstrata as its "key picks" as it said that sentiment wil
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