Less Ads, More Data, More Tools Register for FREE

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
Get Live Data
Share Price: 4,744.00
Bid: 4,744.00
Ask: 4,748.00
Change: -146.00 (-2.99%)
Spread: 4.00 (0.084%)
Open: 4,884.00
High: 4,884.00
Low: 4,716.00
Prev. Close: 4,890.00
ITRK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Tuesday newspaper share tips: Intertek, De la Rue

Tue, 02nd Aug 2016 15:13

(ShareCast News) - Shares in Intertek have rocketed since their flotation in 2002 despite which they remain relatively unknown to most investors. Nonetheless, while growth prospects for the testing, inspecting and certification outfit are still good, the shares are best avoided, The Times´s Tempus said.Indeed, take out the benefits from acquistions and sales at its resources divisions - which accounted for one sixth of of profits during the boom years - dropped 11% at the half-year stage.However, profits at the products division galloped ahead by 22%.On the company boss´s Andre Lacroix´s estimates, just $50bn of the testing specialist´s $250bn market had been outsourced.Lacroix also held that the company´s scale gave it an advantage when negotiating with the largest firms and helps provide it with the firepower necessary to continue innovating.Even so, "this business is riskier than it looks", so 'hold' Tempus said. Financial Times' Lex column is backing cash to come good for banknote producer De La Rue.The company makes cash for clients such as the Bank of England yet experienced troubles in 2014 resulting in mixed results and a tumbling share price.De La Rue went through somewhat of an overhaul around that time, with Martin Sutherland taking over as chief executive, after selling his own cash processing business in May of that year.Around 6bn banknotes are typically printed per year by the company to distribute to banks, significantly less than before Sutherland took over two years ago, but more in line with current demand.Citigroup estimates that this consolidation will generate an extra £40m in savings over the next three years.Despite many predictions that cash itself is on the way out as banks and companies move towards more digitised methods for transactions, Lex believes that this will not be the case any time soon.Before the British referendum on its membership of the European Union, the European Central Bank reported that demand for cash was growing by at least 5% per year in most of Europe.De La Rue also prints passports, and reports suggest that sales could be boosted by as much as £200m.Shares in the company have risen by 40% this year already.The market signs are good, and may well show De La Rue investors coming away with more of the very product it produces, Lex concluded.
More News
17 Mar 2021 16:51

LONDON MARKET CLOSE: Stocks fall as caution sets in ahead of Fed

LONDON MARKET CLOSE: Stocks fall as caution sets in ahead of Fed

Read more
16 Mar 2021 16:29

Director dealings: Intertek CEO ups stake

(Sharecast News) - Intertek Group revealed on Tuesday that chief executive André Lacroix had acquired 10,000 ordinary shares in the FTSE 100-listed assurance firm.

Read more
16 Mar 2021 12:07

DIRECTOR DEALINGS: Intertek CEO buys GBP500,000 worth of shares

DIRECTOR DEALINGS: Intertek CEO buys GBP500,000 worth of shares

Read more
8 Mar 2021 09:41

BROKER RATINGS: Unilever, Aggreko upgraded and Virgin Money UK cut

BROKER RATINGS: Unilever, Aggreko upgraded and Virgin Money UK cut

Read more
2 Mar 2021 09:40

BROKER RATINGS: Prudential, Pennon and Royal Mail get upgrades

BROKER RATINGS: Prudential, Pennon and Royal Mail get upgrades

Read more
2 Mar 2021 09:27

TOP NEWS: Intertek maintains payout as earnings, cash top expectations

TOP NEWS: Intertek maintains payout as earnings, cash top expectations

Read more
2 Mar 2021 07:58

Intertek hails 'strong recovery' in second half

(Sharecast News) - Intertek posted a drop in full-year profit and revenue on Tuesday but said its earnings performance was ahead of the group's expectations following a strong recovery in the second half.

Read more
23 Feb 2021 16:11

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
22 Feb 2021 12:12

LONDON MARKET MIDDAY: Stocks Lower Amid Strong Pound Ahead Of Johnson

LONDON MARKET MIDDAY: Stocks Lower Amid Strong Pound Ahead Of Johnson

Read more
11 Feb 2021 09:36

UPDATE 2-FTSE 100 gains on upbeat Coca-Cola HBC outlook; Relx shines

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Royal Mail rises on revenue jump* Ted Baker falls on poor results* FCA says 40% of Britons face financial problems* FTSE 100 up 0.1%, FTSE ...

Read more
9 Feb 2021 09:05

Halma Hires Former BTG Chief Executive Louise Makin As Chair Designate

Halma Hires Former BTG Chief Executive Louise Makin As Chair Designate

Read more
5 Feb 2021 12:28

EXECUTIVE CHANGES: Iconic Labs CEO; Tiziana Hires Executive Director

EXECUTIVE CHANGES: Iconic Labs CEO; Tiziana Hires Executive Director

Read more
27 Jan 2021 09:32

BROKER RATINGS: Barclays Cuts Babcock To Underweight From Overweight

BROKER RATINGS: Barclays Cuts Babcock To Underweight From Overweight

Read more
27 Jan 2021 08:16

LONDON BRIEFING: Consumer Products Firm Supreme Adds To 2021 IPOs

LONDON BRIEFING: Consumer Products Firm Supreme Adds To 2021 IPOs

Read more
14 Jan 2021 10:09

REFILE-BUZZ-European business services: Teleperformance, Spie top picks for 2021 - JPM

(Refiles to remove extraneous "hold" tag from headline. No changes to text.)** According to JP Morgan, a key theme for European business services firms into 2021 is whether larger companies are winners from the COVID crisis, making Teleperformance...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.