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Pin to quick picksIntertek Group Share News (ITRK)

Share Price Information for Intertek Group (ITRK)

London Stock Exchange
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Share Price: 4,794.00
Bid: 4,812.00
Ask: 4,816.00
Change: 46.00 (0.97%)
Spread: 4.00 (0.083%)
Open: 4,868.00
High: 4,884.00
Low: 4,794.00
Prev. Close: 4,748.00
ITRK Live PriceLast checked at -

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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.
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3 Oct 2016 07:07

Intertek buys EWA Canada for foothold in internet-of-things

(ShareCast News) - Quality assurance provider Intertek has snapped up cyber security specialist EWA Canada from Electronic Warfare Associates for an undisclosed sum, in order to take hold of an opportunity in the 'internet of things' market. The addition of Ottawa-based EWA Canada, which employs 54

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26 Sep 2016 10:44

Ex-divs to take 0.28 points off FTSE 100 on Sept. 29

LONDON, Sept 26 (Reuters) - The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the resulting adjustment to prices by market-makers would take

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19 Aug 2016 14:32

FTSE 100 movers: house builders, miners sag as easyJet firms

(ShareCast News) - London's FTSE 100 tiptoed lower as a string of house builders sagged amid lingering concerns about the UK real estate market, and several miners slumped alongside metals prices. House builders were led lower by Persimmon, Taylor Wimpey and Barratt Developments, investors exiting t

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19 Aug 2016 12:07

Friday broker round-up

(ShareCast News) - GKN: Goldman Sachs reiterates neutral with a target price of 311p. Admiral group: Canaccord maintains hold with a 2100p target. Standard Chartered: UBS reiterates sell with a 600p target. Intertek: Berenberg reiterates hold with a 3600p target. Kaz Minerals: Credit Suisse keeps

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19 Aug 2016 10:24

Berenberg reiterates 'hold' on Intertek, raises target price

(ShareCast News) - Berenberg has reiterated a 'hold' rating on Intertek Group and raised its target price to 3,600p from 2,800p. The broker said despite low organic revenue growth of 0.5% in the first half, the testing and quality control company delivered a solid margin performance, which suggests

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2 Aug 2016 15:57

LONDON MARKET CLOSE: Stocks Down; Direct Line Rallies As Banks Suffer

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2 Aug 2016 10:58

Tuesday broker round-up

(ShareCast News) - HSBC: Berenberg reiterates buy with a target price of 600p. Intertek: Numis maintains reduce with a 3100p target. Barclays: Citigroup reiterates buy with a 135p target. IAG: HSBC stays at reduce with a 325p target. Anglo American: UBS keeps at sell with a target price of 740p.

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2 Aug 2016 10:51

Broker tips: Anglo American, Intertek, Johnson Matthey

(ShareCast News) - UBS reiterated a 'sell' rating on Anglo American but lifted its target price to 740p from 540p after the miner reported a first half loss. The company last week reported a net loss of $813m for the first half of 2016, compared with a $3 bbn loss for the same period last year. The

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2 Aug 2016 09:57

SocGen downgrades Intertek on valuation

(ShareCast News) - Societe Generale downgraded Intertek to 'sell' from 'hold' on valuation grounds. The bank said the strengths of Intertek's model and the strategy deployed by the new chief executive are more than offset by negative 12-month total shareholder return after an increase of around 50%

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2 Aug 2016 09:39

WINNERS & LOSERS SUMMARY: Direct Line Up After Outpacing Expectations

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1 Aug 2016 11:03

LONDON MARKET MIDDAY: Oil Weighs On Stocks As Pound Crushed By UK PMI

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1 Aug 2016 07:14

Intertek's H1 profit rises, sees no impact from Brexit

(ShareCast News) - Intertek reported a jump in first-half profit as revenue grew strongly and said the UK's decision to leave the European Union was unlikely to affect the company's growth opportunities. Pre-tax profit in the first half rose to £172.5m from £149.8m on revenue of £1.20bn, up from £1.

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1 Aug 2016 06:07

TOP NEWS: Intertek Profit And Revenue Rise, Interim Dividend Hiked

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25 Jul 2016 15:11

UK Earnings, Trading Statements Calendar - Next 7 Days

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