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Pin to quick picksIntertek Group Share News (ITRK)

Share Price Information for Intertek Group (ITRK)

London Stock Exchange
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Share Price: 5,025.00
Bid: 5,005.00
Ask: 5,010.00
Change: 71.00 (1.43%)
Spread: 5.00 (0.10%)
Open: 5,145.00
High: 5,145.00
Low: 4,966.00
Prev. Close: 4,954.00
ITRK Live PriceLast checked at -

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BUZZ-Intertek: bounces after testing times

Mon, 02nd Mar 2015 09:03

** Shares in product testing co Intertek, whichhave sustained heavy losses on oil price plunge, in grasp of3.5-mth highs as posts broadly in-line FY & marginally improvedoutlook

** Stock, up 3.2 pct, top FTSE 100 riser & mostactively traded stock on index with a third of 90-day daily avgvolume having gone through

** Posts FY2014 EPS of 132.1p vs consensus of 132.8p

** Co helped by demand for testing in the textile,electrical & building products sectors

** In 2015 expects organic revenue growth rate to improvegradually vs 2014 growth rate, & further out expects near-termnegative headwinds in its oil & gas capex business to ease

** Co, the most heavily exposed to oil & gas of its peers,has lost 16 pct of its value since mid-May peak; contrasts withrespective drops of 9.6 pct & 13 pct at Bureau Veritas & SGS over period

** Goldman recently highlighted that Intertek would be a keybeneficiary of stronger US dollar vs euro

** Co tests products from barrels of oil to children's toysto check that they comply with regulations (RM: tricia.wright1.thomsonreuters.com@reuters.net)

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TOP NEWS: Intertek interim growth held back by lockdowns in China

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