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Pin to quick picksIntertek Group Share News (ITRK)

Share Price Information for Intertek Group (ITRK)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 4,742.00
Bid: 4,744.00
Ask: 4,748.00
Change: -50.00 (-1.04%)
Spread: 4.00 (0.084%)
Open: 4,784.00
High: 4,796.00
Low: 4,738.00
Prev. Close: 4,742.00
ITRK Live PriceLast checked at -

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London pre-open: Flat start expected after PBoC rate cut, investors await data

Mon, 02nd Mar 2015 07:39

UK stocks were expected to open broadly flat on Monday ahead of a raft of economic data, with investors continuing to act cautiously with markets near all-time highs.City sources predict the FTSE 100 will open a few points lower than Friday's close of 6,946.66.The index set a new intraday record of 6,967.24 during Friday's session, but finished below the all-time closing high of 6,949.73 reached the previous day.The big news from the weekend was a rate cut in China as China's central bank loosened monetary policy for the second time in four months in a bid to boost growth. The People's Bank of China cut both its one-year deposit and lending rates by 25 basis points each to 2.5% and 5.35% respectively.Purchasing managers' indices (PMIs) from China will also be in focus for investors on Monday, along with manufacturing PMIs in the UK, Eurozone and US. UK house price data and mortgage approvals will also be closely watched, along with Eurozone inflation and US personal income/spending figures later on.Stocks to watchProduct testing and certification group Intertek said results were dampened by currency movements and headwinds in the natural resources sectors in 2014, though it was still able to lift its full-year dividend by 6.7% to 49.1p per share. Pre-tax profits were down 4.7% at actual exchange rates to £300.2m, but would have been 2.5% higher on a constant currency basis. Revenues declined 4.2% to £2.09bn but grew 2.3% at stable FX.Sustainable technology company Johnson Matthey has completed its acquisition of battery materials business Clarinet, as of 28 February. The transaction was first announced on 29 October 2014 and totalled $75m.British Land has acquired Surrey Quays Leisure Park in Canada Water for £135m, according to an investor note released on Monday. The combined sites that British Land has assembled at Canada Water over the last five years came to a total investment of £250m.
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