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Pin to quick picksIntertek Group Share News (ITRK)

Share Price Information for Intertek Group (ITRK)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 4,878.00
Bid: 4,874.00
Ask: 4,876.00
Change: 92.00 (1.92%)
Spread: 2.00 (0.041%)
Open: 4,788.00
High: 4,882.00
Low: 4,780.00
Prev. Close: 4,786.00
ITRK Live PriceLast checked at -

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BUZZ-Inchcape: CEO departure takes market by surprise

Tue, 30th Sep 2014 08:49

** Inchcape top faller on Stoxx 600, down4.6 pct as CEO Andrew Lacroix resigns to join Intertek (up 3.7 pct, top riser in Europe).

** Biggest one-day fall for auto retailer Inchcape sinceJanuary.

** Company up 5.1 pct in last year, but has faced headwindsfrom its Russian exposure - H1 profits in the region just £0.6mversus £4.8m in H1 2013.

** "The departure is unexpected which is why the market hasreacted so adversely," said an analyst covering the stock ratedat four-stars by StarMine.

** "Lacroix has been at Inchcape for ten years and giventhey have not named a successor it appears to have surprisedthem as well."

** Intertek ends search to replace retiring CEO WolfhartHauser. (RM: alasdair.pal.thomsonreuters.com@reuters.net)

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