intertek
British testing and certification firm Intertek Group plc on Monday announced plans to acquire two North American minerals testing service providers. it has agreed to acquire Base Metallurgical Laboratories Ltd and Base Met Labs US Ltd, a provider of metallurgical testing services for the Minerals sector based in North America. In light of the growing global population, there is an increasing demand for diverse energy sources and minerals, thereby necessitating mission-critical, end-to-end total quality assurance solutions throughout the entire resource development chain. By expanding its assu...
DPA Breaking News
Intertek Group plc (LON:ITRK)’s interim results showed a business recovering strongly from the depths of pandemic-induced recessions around the world.Q2 2021 hedge fund letters, conferences and more Revenues accelerated toward the end of the period to an underlying pace of 12%, but for the six months as a whole, underlying revenues only rose by 5.8% before currency impacts.Cash flow was strong, with Intertek hitting a conversion rate of 135% and earnings per share rose by 24% to 78.2p. The company declared an unchanged dividend of 34.2p per share.The shares reacted cautiously, dropping 6.9% in...
ValueWalk
Intertek Group plc (LON:ITRK), a leading provider of Total Quality Assurance services today released a trading update for the first four months of the year.Q1 2021 hedge fund letters, conferences and more Revenues rose by 2.7% on a like for like basis, although currency swings pushed the reported number to a 3% decline.The group were optimistic about reaching their full year targets, but markets had been hoping for more and the shares dipped almost 2% in early trading.Intertek Recovers From It's Pandemic-Induced SlumpCommenting on the numbers, Steve Clayton, fund manager of the HL Select UK Gr...
ValueWalk
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