The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

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
Get Live Data
Share Price: 5,075.00
Bid: 5,050.00
Ask: 5,055.00
Change: 65.00 (1.30%)
Spread: 5.00 (0.099%)
Open: 5,025.00
High: 5,075.00
Low: 5,020.00
Prev. Close: 5,010.00
ITRK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

FTSE 100 ends flat as ex-dividend trades weigh; Dr. Martens slumps on margin warning

Thu, 24th Nov 2022 17:08

Intertek gains on strong revenue growth

*

Dr. Martens tumbles on dour forecast

*

Vodafone, Imperial Brands slide on ex-dividend trade

*

FTSE 100 flat, FTSE 250 up 0.2%

Nov 24 (Reuters) - London's blue-chip FTSE 100 index was subdued on Thursday as gains in miners were offset by losses in shares trading ex-dividend, while bootmaker Dr. Martens tumbled to the bottom of midcap index after warning of a sharp hit to profit margins.

The FTSE 100 ended flat, while the domestically focused FTSE 250 midcaps rose 0.2%.

Intertek Group gained 4.6% to top the FTSE 100 index after the British inspection and product testing company posted 9% revenue growth year-to-date.

Overall trading was subdued as U.S. markets were shut for the Thanksgiving holiday.

Investors appeared to take comfort from minutes of the Federal Reserve's November meeting released on Wednesday that showed policymakers agreed it would "likely soon be appropriate" to slow the pace of interest rate hikes.

"The takeaway is that we are possibly at the start of a more dovish narrative from the Fed and that, going forward, there is hope that dovish narrative will gain momentum," said Stuart Cole, head macro economist at Equiti Capital.

Bank of England Deputy Governor Dave Ramsden backed more interest rate hikes on Thursday, but said he would consider cutting rates if the economy and inflation pressures panned out differently to his expectation.

The FTSE 100 has rallied more than 11% since Oct. 13 when a botched mini-budget roiled sentiment, with investors hoping that measures by the new government will help instil confidence even as Britain faces what is expected to be a lengthy recession.

Among other stocks, Dr. Martens plunged 22.7% to log its worst day on record after forecasting its annual core profit margin would be lower than last year due to weaker-than-expected demand ahead of the key Christmas season, increased investments and the strong dollar.

Shares of Vodafone, Imperial Brands and National Grid slid and were among the biggest decliners on the FTSE 100 as they traded without entitlement for dividend payout.

Kingfisher fell 1.6% after trimming its full-year profit guidance. (Reporting by Shashwat Chauhan and Shristi Achar A in Bengaluru; Editing by Maju Samuel, Anil D'Silva and Jonathan Oatis)

More News
7 May 2024 09:51

LONDON BROKER RATINGS: AstraZeneca target raised; Antofagasta lowered

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Friday:

Read more
15 Apr 2024 09:49

LONDON BROKER RATINGS: UBS raises Crest Nicholson; Stifel cuts CRH

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
26 Mar 2024 09:40

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
25 Mar 2024 10:19

LONDON BROKER RATINGS: SocGen raises Sage; Numis cuts Virgin Money

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
25 Mar 2024 07:59

LONDON BRIEFING: AstraZeneca wins US approval, Kingfisher profit down

(Alliance News) - London's FTSE 100 is set to open lower on Monday, giving back some of last week's progress, when equities were boosted by hope of interest rate cuts.

Read more
15 Mar 2024 08:02

Shore Capital downgrades Intertek to 'sell'

(Sharecast News) - Analysts at Shore Capital downgraded Intertek from 'hold' to 'sell' on Friday following the group's recent results.

Read more
11 Mar 2024 10:03

LONDON BROKER RATINGS: Citi, Macquarie cut Virgin Money to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
6 Mar 2024 09:07

LONDON BROKER RATINGS: JPMorgan raises IAG; Jefferies likes Experian

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
5 Mar 2024 17:00

LONDON MARKET CLOSE: Stocks mixed but gold glows on Fed cut hope

(Alliance News) - London's FTSE 100 ended slightly higher on Tuesday, in an otherwise uninspiring day for equities, as attention turns to Wednesday's UK budget.

Read more
5 Mar 2024 13:28

IN BRIEF: Firering Strategic Minerals seals Atex drilling programme

Firering Strategic Minerals PLC - Exploration company focused on lithium and coltan projects in West Africa - Completes 3,000 metre reverse circulation drilling campaign at Atex, the company's flagship lithium project in the north of the Ivory Coast. Says 23 holes were drilled for a total of 3,753 metres, and samples have now been sent to Intertek Group PLC, a London-based specialist in assurance, testing, inspection and certification. Firering is expecting assay results in the coming weeks.

Read more
5 Mar 2024 12:05

LONDON MARKET MIDDAY: UK service sector continues to grow in February

(Alliance News) - Stock prices in London were mixed at midday Tuesday, despite data showing that the UK service sector continued to grow in February, with focus turning to what Wednesday's budget from Chancellor Jeremy Hunt has in store.

Read more
5 Mar 2024 09:34

TOP NEWS: Intertek chases margin target and pledges increased payout

(Alliance News) - Intertek Group PLC on Tuesday predicted a robust performance in 2024 as it flagged an improved dividend policy alongside a modest rise in annual pretax profit.

Read more
5 Mar 2024 09:16

Intertek FY profits grow on improved revenues

(Sharecast News) - Laboratory testing group Intertek said on Tuesday that profits had grown in 2023, driven by improved full-year revenues and margins.

Read more
5 Mar 2024 08:51

LONDON MARKET OPEN: Spirent surges on GBP1 billion takeover

(Alliance News) - Stock prices in London opened mixed on Tuesday, as investors look ahead to a day of economic data.

Read more
5 Mar 2024 07:45

LONDON BRIEFING: Spirent Communications agrees GBP1 billion takeover

(Alliance News) - Stocks in London are set to open down slightly on Tuesday, ahead of a slew of economic data.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.