Intertek Group Share News (ITRK)
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Fri, 23rd Mar 2018 18:28
Fundsmith held 8.2 million shares in Intertek after the transaction, equivalent to a 5.1% stake. The stake of Fundsmith prior to the transaction was not disclosed.
The transaction came after Intertek hiked its full-year dividend on March 6 after 2017 profit and revenue both grew strongly despite its resources unit experiencing declines as it continued to target faster growth in 2018 and beyond.
In 2017, pretax profit rose 15% to
Shares in Intertek closed 2.5% higher at
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