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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: 4,956.00
Bid: 4,968.00
Ask: 4,970.00
Change: 38.00 (0.77%)
Spread: 2.00 (0.04%)
Open: 4,934.00
High: 5,015.00
Low: 4,916.00
Prev. Close: 4,918.00
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Intertek confident after strong 2009

Mon, 08th Mar 2010 07:28

Last year was a good one for product quality and safety tester Intertek, considering the challenging economic conditions, as both profit and revenue increased by more than a fifth.Profit before tax was up 22% to £169.2m and rose 23% to £191.5m after adjusting for one-off items. Revenue improved by 23% to £1.24bn and was up 19% excluding acquisitions and 7% at constant currency.The consumer goods sector provided the biggest increase in income, up 32% to £321m, or 12% at constant currency, followed by commercial & electrical up 20% (2%) to £245m and oil, chemical & agriculture up 17% (2%) to £407m. Industrial services soared 77% (53%) to £81m, helped by acquisitions."Intertek has produced strong results in a year of challenging economic conditions," said chief executive Wolfhart Hauser. "As expected, organic growth rates moved to low single digits. We expect to continue growing organically in 2010 at similar levels, with the second half improving on the first.""With good market positions, geographic and industry diversification, and many acquisition opportunities the board is confident that Intertek will grow well in the future, despite the economic environment."As announced in January, Bill Spencer will step down as finance chief on 22 March to make way for Lloyd Pitchford who joins towards the end of April.Pitchford, has worked at oil and gas giant BG for ten years and been group financial controller for half that time.A final dividend of 17.3p per share makes a full year payout of 25.5p, up 23% on 2008.
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6 Jul 2022 10:17

Jefferies downgrades Intertek to 'hold'

(Sharecast News) - Jefferies downgraded Intertek on Wednesday to 'hold' from 'buy', citing near-term exposure to China, broader macro challenges and deteriorating consumer confidence, which it said increases uncertainty given the company's higher exposure to consumer testing.

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6 Jul 2022 09:43

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30 Jun 2022 08:56

JPMorgan downgrades Intertek to 'neutral' from 'overweight'

(Sharecast News) - JPMorgan Cazenove downgraded Intertek on Thursday to 'neutral' from 'overweight' as it took a look at the testing, inspection and certification sector.

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30 Jun 2022 08:21

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23 Jun 2022 12:15

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23 Jun 2022 09:42

LONDON BROKER RATINGS: Deutsche Bank raises Rentokil and cuts Intertek

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

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23 Jun 2022 08:57

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23 Jun 2022 08:28

LONDON BRIEFING: UK government finances crimped as interest bill jumps

(Alliance News) - UK government borrowing came in higher than expected in May, according figures from the Office for National Statistics on Thursday, and it is paying much more interest on that debt.

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10 Jun 2022 15:57

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1 Jun 2022 10:53

LONDON BROKER RATINGS: Credit Suisse starts Intertek with outperform

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

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1 Jun 2022 08:26

LONDON BRIEFING: Tullow Oil and Capricorn Energy set all-share merger

(Alliance News) - Tullow Oil and Capricorn Energy on Wednesday said they have agreed to an all-share merger.

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25 May 2022 10:17

Intertek makes 'good start' to the year, Q1 revenues grow YOY

(Sharecast News) - Quality assurance provider Intertek said on Wednesday that it had made a "good start to the year", with both like-for-like and acquisition-aided revenue growth.

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