Company
Intertek Group PLC
LON:ITRK
Intertek Group plc offers quality and safety services to industries. It has four segments: Oil, Chemical & Agri, which provides cargo inspection, testing and analytical services to the oil and gas, chemical, agricultural, mineral and pharmaceutical sectors; Commercial & Electrical, which provides testing, inspection and certification services, including those in the home appliances, medical, building, industrial, information technology and telecom and automotive sectors; Consumer Goods, which provides services to the textiles, food and hardlines industries, and Government Services, which provides trade services to standards bodies and governments. In September 2008, it acquired H.P. White Laboratory Inc. In December 2008, it acquired EKO-LAB SP. z.o.o., a testing laboratory that provides microbiological and chemical analysis services to the food, industry. In January 2009, it acquired Porst & Partner GmbH. In January 2009, it also acquired Food Facility Audit business of RQA Inc.
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Archive
FTSE 100 closes little changed as US Thanksgiving means 'lower volumes and volatility'
Footsie finished around one point higher at 7,466, below the session peak of 7,488 and above the low of 7,443
Intertek's target price slashed as positive trends reverse
The globalisation of supply chains, fast-growing trade volumes and a commodity super-cycle have all been boons for testing companies
Intertek, Flutter, Croda all due as company season rolls on
Another raft of FTSE 100 results are due tomorrow from some of the index's lesser lights
Intertek gets TIC of approval from Credit Suisse
The stock has been upgraded to outperform by Credit Suisse after the broker did a review of the testing, inspection and certification (TIC) companies.
Intertek on track for 'robust' full-year growth
Revenue increased by 6.7% in the four months to end-October
Intertek to buy SAI Global Assurance for £470mln
SAI is the market leader in assurance in Australia, the company said
Archive
FTSE 100 trimmed its losses as Wall Street sees strong gains after jobless claims
The UK's blue chip index cut losses, following US markets that are shrugging off inflation fears
Oil and gas companies can now apply for carbon neutral certification
The first company to receive such award was Sweden's oil and gas exploration and production company Lundin
Testing and inspection sector to benefit from 'powerful thematic changes' post-pandemic
The broker said a return to mid-single digit organic growth for the product testing group was “imminent” and that near-term expectations were “much more sensibly calibrated”
Intertek Group chairman Sir David Reid to retire at the end of the year
After a "comprehensive process" to find a successor, Intertek went with current non-executive director, Andrew Martin
Intertek sees improvement in quarterly revenue but expects full-year decline
Revenue shed 6% in the quarter to October, recovering from the 13% fall in the previous three months
Intertek poaches Reckitt Benckiser top executive for chief financial officer role
Current CFO Ross McCluskey will move into a line operational role in April after two years in his position
Intertek maintains dividend and agrees new PPE partnership with Beximco
The quality assurance specialist will have exclusive rights to operate and manage the new PPE quality assurance laboratory for the Bangladesh textiles giant
Intertek goes ahead with dividend as product testing sales only dented by coronavirus
A final dividend of 71.6p will be paid on 11 June, amounting to a sum of £115mln
Intertek boosts revenues and profits, again
Intertek has a network of more than a thousand laboratories and offices
Intertek weak as ShoreCap says “take profits”, cuts to ‘sell’ from ‘hold’
It's analysts cut their pre-tax profit forecasts for 2020 by 6% to £486mln, down from £516mln, which takes adjusted EPS to 209p from 223p.
Intertek sees second-half pick-up in growth
Intertek is going from strength to strength, the CEO claimed. Shares were down 3% in early deals.
Archive
Last 'super Thursday' before Brexit as BoE, Shell and LSE updates eyed
On 1 August, other half-year updates include British American Tobacco, Barclays, Standard Chartered and Capita