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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
ITRK Live PriceLast checked at -

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London close: Weak finish to volatile week

Fri, 30th Sep 2011 16:54

Stocks were on the back foot heading into the weekend amid continuing worries over global growth.Data showing consumer confidence has risen for the first time in four months failed to lighten the mood. The index of sentiment remained firmly negative in September at -30, up a point from the previous month. Citigroup is showing growing pessimism over the global economy. Yesterday, it lowered its global gross domestic product (GDP) estimates for 2011 and 2012 for the second time this month because growth prospects "continue to deteriorate quickly." Miners such as Aquarius Platinum were among the fallers after the Chinese Purchasing Managers' Index was unchanged from the previous month at 49.9 in September. Luxury goods group Burberry, which depends on China for much of its growth, continued a weak spell. Precious metals miners Fresnillo (silver) and Randgold Resources (gold)were in demand for their haven qualities.At the wrong end of the leaderboard was goods tester Intertek afterUBS cuts its rating on the stock from "neutral" to "sell".Rigid plastic packaging supplier RPC firmed after saying it expects its adjusted pre-tax profits for the first half to be ahead of expectations after benefitting from synergies from the integration of its plastics and cardboard packaging business Superfos and growth in sales of products with big margins, such as coffee capsules.Britain's second biggest car accident repair chain Just Car Clinics crashes following its announcement that it is planning to cancel its listing on AIM after concluding that the benefits do not justify the costs and management time. The company said it also does not think that any of the perceived benefits of listing on AIM are likely to accrue in the near future.Shares in Alterian fell back after the marketing software provider said its detailed company review is not looking at ways to sell the business. The company, which welcomed a new chief executive, Heath Davies, earlier this month, said it will "examine Alterian's positioning in its target markets to ensure it has the appropriate level of resources required both to achieve a leadership position and to create shareholder value.""The prize will be worth the effort," were the words of troubled ViaLogy's chairman, but it appears they fell on deaf ears on Friday as the share price fell more than 18%. Shareholders were clearly more concerned to see that pre-tax losses for the company, which provides sensor technology used in the oil and gas industry, had risen £0.2m to £6.36m for the full year to the end of March. FTSE 100 - RisersFresnillo (FRES) 1,586.00p +4.76%Randgold Resources Ltd. (RRS) 6,290.00p +2.61%Shire Plc (SHP) 2,010.00p +1.46%Morrison (Wm) Supermarkets (MRW) 290.50p +1.01%Severn Trent (SVT) 1,541.00p +0.98%United Utilities Group (UU.) 624.00p +0.65%SABMiller (SAB) 2,107.50p +0.50%Wolseley (WOS) 1,607.00p +0.37%BG Group (BG.) 1,241.50p +0.36%Centrica (CNA) 297.70p +0.24%FTSE 100 - FallersIntertek Group (ITRK) 1,855.00p -9.51%Ashmore Group (ASHM) 324.50p -7.29%Standard Chartered (STAN) 1,287.00p -5.23%Kazakhmys (KAZ) 793.00p -4.92%Barclays (BARC) 161.35p -4.61%WPP (WPP) 601.00p -4.53%Lloyds Banking Group (LLOY) 34.87p -4.44%Amec (AMEC) 815.50p -4.40%Man Group (EMG) 168.50p -4.26%International Consolidated Airlines Group SA (IAG) 153.10p -4.13%FTSE 250 - RisersPerform Group (PER) 225.00p +5.44%Domino's Pizza UK & IRL (DOM) 445.50p +4.23%Bwin.party Digital Entertainment (BPTY) 123.60p +3.87%RPC Group (RPC) 337.00p +3.06%Euromoney Institutional Investor (ERM) 615.00p +2.84%Daejan Holdings (DJAN) 2,438.00p +2.70%QinetiQ Group (QQ.) 116.70p +2.64%International Personal Finance (IPF) 223.30p +2.29%Premier Foods (PFD) 10.33p +2.28%Thomas Cook Group (TCG) 39.89p +2.28%FTSE 250 - FallersAfren (AFR) 81.25p -10.71%Pace (PIC) 95.15p -6.81%Bodycote (BOY) 247.30p -6.78%Aquarius Platinum Ltd. (AQP) 177.30p -6.68%ITE Group (ITE) 158.10p -5.84%AZ Electronic Materials SA (WI) (AZEM) 221.00p -5.56%Talvivaara Mining Company (TALV) 252.00p -5.55%Barratt Developments (BDEV) 78.45p -5.42%Inchcape (INCH) 279.40p -5.29%Imagination Technologies Group (IMG) 419.20p -5.03%
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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