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Pin to quick picksIntertek Group Share News (ITRK)

Share Price Information for Intertek Group (ITRK)

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Share Price: 4,936.00
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UK WINNERS & LOSERS SUMMARY: Equiniti Slumps After Profit Warning

Tue, 19th Nov 2019 10:39

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.

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FTSE 100 - WINNERS

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Halma, up 11%. The hazard detection and life protection products supplier said "good organic and acquired growth" resulted in a strong year-on-year rise in first half earnings and that it remains on track to deliver another good annual performance. For the six months to September 30, Halma recorded pretax profit of GBP105.8 million, up 12% from GBP94.5 million in the year-ago period. Revenue increased by 12% year-on-year to GBP653.7 million from GBP585.5 million. The revenue growth was attributed to good organic constant currency revenue growth of 5%, a 4% contribution from acquisitions and a positive currency translation effect of 3%. Halma raised its interim dividend 7.0% to 6.54p per share from 6.11p a year ago.

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Intertek, up 4.9%. Jefferies raised the testing and inspection company to Buy from Hold.

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Meggitt, up 3.5%. The aerospace and defence company secured a six-year contract with the Defense Logistics Agency in Philadelphia for the supply of fuel bladders for military aircraft. The Defense Logistics Agency is part of the US Department of Defense, and manages the global supply chain for the army, navy and air force. Fuel bladders are collapsible, flexible tanks used for providing temporary or long term storage for industrial liquids, mainly fuels. Specifically, Meggitt will supply fuel bladders for the F/A-18 Super Hornet, V-22 Osprey and CH/MH-53 Super Stallion aircraft. The contract extension has a potential value of USD130 million, with deliveries set to start in 2020.

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FTSE 100 - LOSERS

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Segro, down 0.5%. The warehouse property investor was downgraded to Neutral from Buy.

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FTSE 250 - WINNERS

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Intermediate Capital Group, up 6.7%. The asset manager said its diversification strategy resulted in continued asset growth and a 32% interim profit rise in its fund management business. The company's assets under management amounted to EUR41.07 billion at September 30, up 11% from EUR37.08 billion as at March 31, with EUR4.61 billion of new money raised across 14 strategies. For the six months to September-end, Intermediate Capital recorded group pretax profit of GBP153.4 million, up 24% from GBP124.0 million a year ago, helped by a 15% increase in profit in the company's investments business to GBP68.4 million. The fund management business saw a 32% year-on-year rise in interim profit to GBP85.0 million from GBP64.4 million, benefiting from increase in assets under management, increased fee income and a slower increase in operating costs. The company has raised its interim dividend by 50% to 15.0 pence per share.

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HomeServe, up 6.5%. The home emergency cover provider reported a solid interim performance, with revenue rising on organic growth and contributions from acquisitions. For the six months to the end of September, Homeserve reported pretax profit of GBP19.7 million, up 2% from GBP19.3 million the year before, mainly on one-off gains from the sale of its 49% stake in Homeserve's Italian associate. Revenue grew by 13% to GBP457.7 million from GBP404.3 million, driven by organic growth from all regions, and contributions from acquisitions in the Heating, Ventilation & Air Conditioning business, including Gregg Mechanical and Fred's Home Services. Homeserve declared an interim dividend of 5.8 pence per share, up 12% from 5.2p the year before. HomeServe announced the acquisition of a 79% stake in Home Experts business eLocal Holdings for USD140 million on a debt-free, cash-free basis.

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easyJet, up 4.5%. The budget airline reported a "strong" end to its recent financial year, with financial results meeting expectations. easyJet's pretax profit for the year to September was 3.4% lower at GBP430 million, with the headline figure dipping 26% to GBP427 million. This is towards the top of the guided range of GBP420 million to GBP430 million, for headline pretax profit. Revenue was 8.3% higher at GBP6.39 billion, with passenger numbers rising 8.6% to 96.1 million. easyJet said revenue growth was also helped by a 10% increase in capacity. The company also announced a new Holidays business as well as a plan to make all flights net zero carbon.

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FTSE 250 - LOSERS

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Equiniti Group, down 10%. The financial services administration outsourcer said annual earnings will be at the lower end of expectations. The company, which provides payroll and company secretarial services, said underlying earnings before interest, taxes, depreciation and amortisation for 2019 will be at the lower end of market estimates of between GBP136 million and GBP142 million due to lower activity in higher margin UK corporate business. However, annual revenue is predicted to be at the upper end of GBP550 million to GBP567 million market estimate range. In 2018, underlying Ebitda was GBP122.3 million on revenue of GBP530.9 million.

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Polypipe, down 3.0%. The plastic piping systems manufacturer slightly lowered its annual estimates due to "poor" weather in the UK and "challenging" market conditions. Polypipe reported a resilient performance in "tough" markets, with revenue growth of 4.3% in the ten months to the end of October to GBP381.7 million from GBP365.9 million. Trading in the last four months reflects strong 2018 comparatives and short-term political and economic uncertainty that is harming Polypipe's markets, it said, with revenue 1.7% higher than the prior year. Since the end of October, however, Polypipe said this has been compounded by flooding and "poor" ground conditions, most notably in the north of England and the Midlands, meaning contractors and developers have not been able to access sites for civil work and groundworks activities. As a result, Polypipe said it now expects underlying operating profit for the year to be just below its previous estimates.

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OTHER MAIN MARKET AND AIM - WINNERS

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AO World, up 15%. The online electrical goods retailer said its revenue grew in the first half of its current financial year, thanks to acquisitions. AO World reported a narrowed pretax loss of GBP5.9 million for the six months to the end of September compared to GBP10.9 million loss a year prior, as revenue grew 16% to GBP470.1 million from GBP404.2 million. On a like-for-like basis revenue advanced by 3.2%. Overall revenue in the UK increased by 20% to GBP402.7 million, excluding the impact of the acquired Mobile Phones Direct in December 2018. Product revenue from AO World's retail websites - comprising ao.com, marketplaces and third-party websites - increased by 6.8% to GBP311.2 million, largely driven by a good performance in MDA product sales. Service revenue increased by 14% to GBP16.1 million, while Commission revenue surged to GBP61.9 million from GBP14.6 million, largely attributable to the acquisition of AO Mobile in December last year.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

More News
28 Feb 2023 07:41

Revenue, earnings up at Intertek as China still drags

(Sharecast News) - Assurance, inspection, product testing and certification company Intertek posted full-year revenue of £3.19bn in its final results on Tuesday, making for an increase of 8.2% at constant rates and 14.6% at actual rates.

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21 Feb 2023 15:49

UK earnings, trading statements calendar - next 7 days

Wednesday 22 February 
Avingtrans PLCHalf Year Results
City of London Investment Group PLCHalf Year Results
Conduit Holdings LtdFull Year Results
Hochschild Mining PLCFull Year Results (TBC)
Liberty Global PLCFull Year Results
Lloyds Banking Group PLCFull Year Results
Primary Health Properties PLCFull Year Results
Renewables Infrastructure Group LtdFull Year Results
Rio Tinto PLCFull Year Results
Synectics PLCFull Year Results
TBC Bank Group PLCFull Year Results
Transense Technologies PLCHalf Year Results
Thursday 23 February 
Anglo American PLCFull Year Results
Arbuthnot Banking Group PLCTrading Statement
BAE Systems PLCFull Year Results
Drax Group PLCFull Year Results
Driver Group PLCFull Year Results
Genus PLCHalf Year Results
Greencoat UK Wind PLCFull Year Results (TBC)
Harmony Energy Income Trust PLCFull Year Results
Hays PLCHalf Year Results
Hikma Pharmaceuticals PLCFull Year Results
Howden Joinery Group PLCFull Year Results
Macfarlane Group PLCFull Year Results
Made Tech Group PLCHalf Year Results
Mondi PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
Pantheon International PLCHalf Year Results
Rolls-Royce Holdings PLCFull Year Results
Serco Group PLCFull Year Results
Spectris PLCFull Year Results
Versarien PLCFull Year Results
WPP PLCFull Year Results
Friday 24 February 
ASA International Group PLCTrading Statement
CVS Group PLCHalf Year Results
European Opportunities Trust PLCHalf Year Results
Grit Real Estate Income Group LtdHalf Year Results
Irish Residential Properties REIT PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
Jupiter Fund Management PLCFull Year Results
Monday 27 February 
Associated British Foods PLCTrading Statement
Beeks Financial Cloud Group PLCHalf Year Results
Bunzl PLCFull Year Results
Centralnic Group PLCFull Year Results
Dechra Pharmaceuticals PLCHalf Year Results
DX Group PLCHalf Year Results
GlobalData PLCFull Year Results
Greencoat Renewables PLCFull Year Results
Kosmos Energy LtdFull Year Results
Quartix Technologies PLCFull Year Results
RHI Magnesita NVFull Year Results
Senior PLCFull Year Results
Tuesday 28 February 
abrdn PLCFull Year Results
Benchmark Holdings PLCQ1 Results
Bluefield Solar Income Fund LtdHalf Year Results
boohoo Group PLCFull Year Results
Cap-XX LtdHalf Year Results
Croda International PLCFull Year Results
Dalata Hotel Group PLCFull Year Results
Derwent London PLCFull Year Results
Hutchmed (China) LtdFull Year Results
Intertek Group PLCFull Year Results
Kitwave Group PLCFull Year Results
Man Group PLCFull Year Results
McBride PLCHalf Year Results
Morgan Advanced Materials PLCFull Year Results
Ocado Group PLCFull Year Results
Princess Private Equity Holding LtdFull Year Results
Rotork PLCFull Year Results
St James's Place PLCFull Year Results
S-Ventures PLCFull Year Results
Travis Perkins PLCFull Year Results
Uniphar PLCFull Year Results
Unite Group PLCFull Year Results
Videndum PLCFull Year Results
XP Power LtdFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
14 Feb 2023 09:08

LONDON BROKER RATINGS: Deutsche Bank double-upgrades easyJet to 'buy'

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

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12 Jan 2023 09:40

LONDON BROKER RATINGS: UBS cuts Beazley; Berenberg likes Rio and BHP

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

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19 Dec 2022 13:30

Tesco facing legal claim over worker conditions at Thai clothing factory

LONDON, Dec 19 (Reuters) - Tesco, Britain's biggest retailer, is facing legal action from a group of migrant workers from Myanmar, alleging dire working conditions at a Thai factory which made clothes for the group's F&F range.

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25 Nov 2022 09:34

LONDON BROKER RATINGS: UBS cuts Man; RBC prefers Lloyds to NatWest

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

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24 Nov 2022 17:08

FTSE 100 ends flat as ex-dividend trades weigh; Dr. Martens slumps on margin warning

Intertek gains on strong revenue growth

*

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24 Nov 2022 17:08

LONDON MARKET CLOSE: FTSE 100 subdued; sterling soars after dovish Fed

(Alliance News) - Stocks in London edged into the green at the close on Thursday, while the pound pushed past the USD1.21 mark following dovish meeting minutes from the US Federal Reserve.

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24 Nov 2022 09:55

LONDON BROKER RATINGS: Numis cuts discoverIE; UBS likes Virgin Money

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

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24 Nov 2022 09:28

TOP NEWS: Intertek revenue rises as lauds China rebound

(Alliance News) - Intertek Group PLC on Thursday reported rising revenue in the first 10 months of 2022, as it tipped that it is well positioned to seize growth opportunities ahead.

Read more
24 Nov 2022 08:10

Intertek revenues rise as China recovers

(Sharecast News) - Testing, certification and inspection company Intertek posted a jump in revenue on Thursday as it hailed robust demand for its ATIC Solutions business and a recovery in China.

Read more
17 Nov 2022 15:50

UK earnings, trading statements calendar - next 7 days

Friday 18 November 
Bank of Cyprus Holdings PLCQ3 Results
Liontrust Asset Management PLCHalf Year Results
Monday 21 November 
Big Yellow Group PLCHalf Year Results
Compass Group PLCFull Year Results
Dialight PLCTrading Statement
Diploma PLCFull Year Results
Equipmake Holdings PLCFull Year Results
Genedrive PLCFull Year Results
Molten Ventures PLCHalf Year Results
MTI Wireless Edge LtdQ3 Results
NextEnergy Solar Fund LtdHalf Year Results
Polar Capital Holdings PLCHalf Year Results
Sirius Real Estate LtdHalf Year Results
SysGroup PLCHalf Year Results
Virgin Money UK PLCFull Year Results
Tuesday 22 November 
Accsys Technologies PLCHalf Year Results
AO World PLCHalf Year Results
Appreciate Group PLCHalf Year Results
Assura PLCHalf Year Results
Avon Protection PLCFull Year Results
Babcock International Group PLCHalf Year Results
Caledonia Investments PLCHalf Year Results
Calnex Solutions PLCHalf Year Results
CentralNic Group PLCQ3 Results
CML Microsystems PLCHalf Year Results
Cranswick PLCHalf Year Results
CRH PLCTrading Statement
Euromoney Institutional Investor PLCFull Year Results
Helical PLCHalf Year Results
Homeserve PLCHalf Year Results
Intercede Group PLCHalf Year Results
Knights Group Holdings PLCTrading Statement
Petershill Partners PLCTrading Statement
Princess Private Equity Holding LtdQ3 Results
Restore PLCTrading Statement
Severfield PLCHalf Year Results
Severn Trent PLCHalf Year Results
Softcat PLCTrading Statement
Tatton Asset Management PLCHalf Year Results
Telecom Plus PLCHalf Year Results
Trifast PLCHalf Year Results
Wednesday 23 November 
AB Dynamics PLCFull Year Results
Alpha Financial Markets Consulting PLCHalf Year Results
Britvic PLCQ3 Results
Coats Group PLCTrading Statement
De La Rue PLCHalf Year Results
discoverIE Group PLCHalf Year Results
DP Eurasia NVTrading Statement
Halfords Group PLCHalf Year Results
HICL Infrastructure PLCHalf Year Results
Johnson Matthey PLCHalf Year Results
LondonMetric Property PLCHalf Year Results
Marlowe PLCHalf Year Results
Pets At Home Group PLCHalf Year Results
Rotork PLCTrading Statement
Ten Lifestyle Group PLCFull Year Results
United Utilities Group PLCHalf Year Results
Thursday 24 November 
Augmentum Fintech PLCHalf Year Results
Donegal Investment Group PLCFull Year Results
Dr Martens PLCHalf Year Results
Hill & Smith Holdings PLCTrading Statement
Intertek Group PLCTrading Statement
Jet2 PLCHalf Year Results
Kingfisher PLCQ3 Results
LXi REIT PLCHalf Year Results
Motorpoint Group PLCHalf Year Results
Mountview Estates PLCHalf Year Results
NewRiver REIT PLCHalf Year Results
Omega Diagnostics Group PLCHalf Year Results
Palace Capital PLCHalf Year Results
PayPoint PLCHalf Year Results
Polar Capital Holdings PLCHalf Year Results
Safestore Holdings PLCTrading Statement
Videndum PLCTrading Statement
XPS Pensions Group PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
31 Oct 2022 09:43

LONDON BROKER RATINGS: Jefferies raises Centrica and Drax to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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17 Oct 2022 12:39

CORRECT: LONDON BROKER RATINGS: Morgan Stanley cuts Lloyds

(Correcting to clarify that Morgan Stanley did not lift its Standard Chartered recommendation, only its price target for the stock.)

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17 Oct 2022 09:52

LONDON BROKER RATINGS: Morgan Stanley cuts Lloyds and lifts StanChart

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

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