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  2. Share Prices
  3. Intertek Group Share Price
  4. Intertek Group Share News
  5. London open: Sluggish start for Footsie

Pin to quick picksIntertek Group Share News (ITRK)

Intertek Group Information

Share Price Information for Intertek Group (ITRK)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 4,956.00
Bid: 4,968.00
Ask: 4,970.00
Change: 0.00 (0.00%)
Spread: 2.00 (0.04%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 4,956.00
ITRK Live PriceLast checked at -

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London open: Sluggish start for Footsie

Mon, 07th Mar 2011 08:32

London has made a slow start with concerns over the Middle East and North Africa adding to some mixed trading updates.Light crude rose to a 30-month high above $106 on Monday as civil war rages in Libya while reports that the unrest may have reached Saudi Arabia further added to the oil market's frayed nerves. Petrofac fell even though the oil fabrications giant reported only a 'minimal impact' so far from the unrest, but it adds it continues to monitor the situation closely. Reports over the weekend that BSkyB's shareholders want a much higher offer from News Corp have lifted the satellite broadcaster, while the LSE is mulling Nasdaq as a takeover target after it concludes its merger with Toroto SE according to another story.Burberry is going well after Verdict suggested that the top end of the clothing retail market will grow by nearly 30%, to £8.6bn, by 2014.Stagecoach blames "unusually severe" weather conditions in December for a slowdown at its UK bus business, but its trains remain on track and revenue is up in North America. Like for like revenue grew 1.9% at UK Bus in the 40 weeks to 6 February, down from 2.3% for the six months to 31 October.Mining giant Xstrata has moved quickly to snap up the outgoing Vodafone chairman Sir John Bond as its new chairman of the board. Sir John will replace Willy Strothotte, who is to retire after the AGM on 4 May. UK oil and gas titan BG Group has signed a 20-year deal to provide 1.2m tonnes of liquefied natural gas a year to Tokyo Gas, Japan's largest city gas supplier.Intertek, the testing and inspections firm, has paid £450m for Moody, a provider of quality and safety services to the global energy industry. The purchase of Haywards Heath-based Moody on a cash-free and debt-free basis will create "significant" benefits and opportunities, including pre-tax cost synergies of about £6m by the third full year of ownership.Satellite operator Inmarsat has slumped after it warned growth had slowed in the last quarter of 2010 and early 2011 due to lower usage levels.
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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