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BUZZ-Intertek: biggest fall in three years

Wed, 19th Nov 2014 08:42

** Product testing co Intertek suffers aftertrading update which shows it sees no improvement in FY organicrevenue growth & operating margins vs previous year

** Reports 0.7 pct drop in organic revenue growth for first10 months of year

** Stock down 9 pct, biggest casualty on STOXX Europe 600, taking YTD loss to about 23 pct

** Volume robust; already traded more than half of its90-day daily average

** Co also said its commodities division and oil-relatedservices continued to be impacted by deteriorating marketconditions

** Peer Bureau Veritas falls 4.8 pct on readacross, with SGS down 2.5, both among most traded onStoxx (RM: tricia.wright1.thomsonreuters.com@reuters.net)

Intertek Group

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