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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.
At the close, the UK blue chip index was up 54.70 points at 7,718.48, albeit below the session peak of 7,752.08, having recovered from a low of 7,663.20
Aside from the two financial blue chips, updates are also due on Tuesday from FTSE 100-listed InterContinental Hotels, and FTSE 250-listed Domino's Pizza
The FTSE 100-listed company said it expected the acquisition to deliver attractive returns to shareholders and to be earnings accretive on a billings basis in the first full year after the acquisition
The FTSE 100-listed testing, inspection and certification services provider noted that NTA employs 48 people across the UK and Malaysia and generated revenue of £3.2mln in 2017
Aside from the retails, the week ahead includes results from utilities Pennon PLC, Severn Trent PLC, United Utilities PLC, and SSE PLC, plus updates from Ryanair PLC and Britvic PLC, and the latest UK inflation numbers
The FTSE 100-listed group noted that Proasem, a provider of laboratory testing, inspection, metrology and training services, generated revenues of £4.5mln in 2017
The broker said the FTSE 100 industry support provider was also best placed to benefit from new marine emissions regulations from the International Marine Organisation