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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: 4,968.00
Bid: 4,966.00
Ask: 4,970.00
Change: 50.00 (1.02%)
Spread: 4.00 (0.081%)
Open: 4,934.00
High: 4,976.00
Low: 4,916.00
Prev. Close: 4,918.00
ITRK Live PriceLast checked at -

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FTSE 100 movers: Unscheduled trading update hits supermarkets

Tue, 09th Dec 2014 14:37

Tesco surprised the market with another profit warning, causing shares to plummet. The company said trading profit for the financial year ending February 2015 is not expected to exceed £1.4bn, compared with £3.315bn previously and analysts' forecasts, which ranged from £1.8bn to £2.2bn.Supermarket rival Morrison also dropped sharply following the unscheduled trading update.Intertek was among the fallers after Credit Suisse downgraded the quality and safety services provider to 'neutral', from 'outperform'. The broker's ranking came after revising its organic growth forecasts and noting that its earnings per share estimate for 2015 is now 4% below IBES consensus.Coca-Cola took a hit after concerns rose about its operations in Greece and Russia, given the countries' economic problems. The soft drinks producer was also ordered to pay legal fines to rival Pepsi. The charge came after Coca-Cola issued a challenge against the use of a similar glass bottle design, which came to a close on Tuesday after a four year court battle.Petrofac's prices dropped, as despite an edging up of Brent crude prices, oil companies remained under pressure.G4S saw share prices move upwards after Credit Suisse analysts moved their recommendation from 'neutral' to 'outperform' and raised their target price from 245p to 320p. The bank said: "We think there is significant opportunity within the business to reduce cost and improve efficiency. GFS is, we think, a combination of an attractive multi-year self-help story plus a stock for which organic growth should accelerate into 2015."Rangold Resources continued to rise after Monday's upgrade from Deutsche Bank, from 'hold' to 'buy'. RisersRandgold Resources Ltd. (RRS) 4,294.00p +2.58%G4S (GFS) 280.50p +2.37%Fresnillo (FRES) 721.50p +0.84%Royal Mail (RMG) 400.90p +0.38% FallersTesco (TSCO) 172.50p -7.90%Intertek Group (ITRK) 2,176.00p -6.00%Morrison (Wm) Supermarkets (MRW) 175.10p -5.30%Coca-Cola HBC AG (CDI) (CCH) 1,329.00p -5.27%Shire Plc (SHP) 4,352.00p -4.85%Aggreko (AGK) 1,487.00p -4.74%Petrofac Ltd. (PFC) 736.00p -4.04%Barclays (BARC) 238.20p -3.62%Aberdeen Asset Management (ADN) 445.20p -3.57%easyJet (EZJ) 1,647.00p -3.40%
More News
12 May 2023 13:26

ShoreCap raises estimates for Intertek but keeps at 'hold'

(Sharecast News) - Analysts at ShoreCap raised their profit estimates for Intertek despite concerns around the product testing and inspection specialist's ability to deliver on its targets.

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9 May 2023 13:35

RBC Capital lifts Intertek to 'sector perform'

(Sharecast News) - RBC Capital Markets upgraded its stance on inspection, product testing and certification company Intertek on Tuesday to 'sector perform' from 'underperform' as it said the stock was close to fair value.

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9 May 2023 09:29

LONDON BROKER RATINGS: RBC raises Intertek; Davy likes Greencoat UK

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

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9 May 2023 08:00

LONDON BRIEFING: Stocks called higher; UK house prices slip in April

(Alliance News) - Stocks in London are expected to open higher on Tuesday, as financial markets reopen after the long weekend and after a mixed day of trading over in Asia.

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9 May 2023 07:52

Broker tips: IAG, Intertek

(Sharecast News) - Liberum reiterated its 'buy' recommendation on BA and Iberia owner IAG on Tuesday, and lifted its price target to 350p from 240p as it said positive earnings momentum was set to continue.

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3 May 2023 10:48

Intertek unveils new segmental growth strategy

(Sharecast News) - Quality assurance and testing specialist Intertek took the wraps off its new 'Intertek 30 AAA' growth strategy on Wednesday, aiming to unlock significant value growth opportunities.

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3 May 2023 09:34

IN BRIEF: Intertek trading in line with guidance, updates growth plans

Intertek Group PLC - London-based quality assurance service provider - Says current trading for 2023 is in line with guidance. Expects to invest around GBP115 million to GBP125 million in capital expenditure and financial net debt to be in the range of GBP630 million to GBP680 million in 2023. Announces 'Intertek 30 AAA' growth strategy, including plans for a "stronger portfolio poised for faster growth", targeting mid-single-digit like-for-like revenue growth at constant currency and to return margin to 17.5% peak "and beyond". This is alongside higher cash generation to fuel growth investments and deliver strong returns, as well as "more agile organisation and high-performance capability to unlock significant value growth opportunity".

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27 Apr 2023 12:29

Travis Perkins appoints former Croda finance director as non-executive

(Alliance News) - Builders' merchant Travis Perkins PLC on Thursday said that Pete Redfern will step down as a senior independent director on June 1.

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19 Apr 2023 09:48

LONDON BROKER RATINGS: Stifel likes Ryanair but not On The Beach

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

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17 Apr 2023 21:15

U.S. stocks skittish, but still score gains

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Main U.S. equity indexes end slightly green

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17 Apr 2023 18:36

Can stocks bottom ahead of a recession?

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Main U.S. equity indexes now just slightly red; Nasdaq off ~0.2%

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17 Apr 2023 17:23

Taking stock of some rare bullish triggers

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Main U.S. equity indexes modestly red: Nasdaq off ~0.4%

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17 Apr 2023 16:13

It's time for dividends rule

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Main U.S. equity flutter near unchanged

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17 Apr 2023 15:49

Turn that frown upside-downish: Empire State, NAHB

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Main U.S. equity flutter near unchanged, Nasdaq slightly lower

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17 Apr 2023 15:15

U.S. stocks step gingerly in early trade

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Main U.S. equity indexes around flat

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