Intertek Group (ITRK)

Sector:

Support

Index:

FTSE 100

5,284.00p
   
  • Change Today:
    -124.00p
  • 52 Week High: 6,170.00
  • 52 Week Low: 4,164.00
  • Currency: UK Pounds
  • Shares Issued: 161.39m
  • Volume: 77,656
  • Market Cap: £8,528m
  • RiskGrade: 173

Intertek enters tourism sector with Check Safety First acquisition

By Duncan Ferris

Date: Tuesday 17 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Intertek on Tuesday said it had snapped up global health, safety, quality and security risk management business Check Safety First (CSF) for an unspecified sum.


The FTSE 100 inspection, product testing and certification company said the acquisition represents its first move into the lucrative travel and tourism sector, as CSF provides assurance solutions to hotels and tour operators around the world.

CSF currently has 145 auditors across 24 countries and is expected to deliver revenue of approximately £10m in 2019.

Intertek expressed confidence that its own global network and broad customer base would allow its new business to expand into new geographies and adjacent sectors.

Chief executive André Lacroix said the market for end-to-end quality assurance services within the global travel and tourism industry was likely to grow rapidly as leading hotel groups and travel operators fight to stop health, hygiene, safety and security issues from impacting their reputations and customers.

"This acquisition establishes a strong presence for Intertek in the global hospitality industry, complementing our existing end-to-end ATIC services in adjacent sectors. We welcome CSF to Intertek and look forward to working together to deliver total peace of mind to companies in this fast-growing industry," said Lacroix.

At 0930 GMT, the shares were up 1.3% at 5,766p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Intertek Market Data

Currency UK Pounds
Share Price 5,284.00p
Change Today -124.00p
% Change -2.29 %
52 Week High 6,170.00
52 Week Low 4,164.00
Volume 77,656
Shares Issued 161.39m
Market Cap £8,528m
RiskGrade 173

Intertek Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.95% below the market average93.95% below the market average93.95% below the market average93.95% below the market average93.95% below the market average
88.79% below the sector average88.79% below the sector average88.79% below the sector average88.79% below the sector average88.79% below the sector average
Price Trend
27.38% above the market average27.38% above the market average27.38% above the market average27.38% above the market average27.38% above the market average
23.21% above the sector average23.21% above the sector average23.21% above the sector average23.21% above the sector average23.21% above the sector average
Income
74.87% below the market average74.87% below the market average74.87% below the market average74.87% below the market average74.87% below the market average
69.44% below the sector average69.44% below the sector average69.44% below the sector average69.44% below the sector average69.44% below the sector average
Growth
8.75% below the market average8.75% below the market average8.75% below the market average8.75% below the market average8.75% below the market average
28.85% below the sector average28.85% below the sector average28.85% below the sector average28.85% below the sector average28.85% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 9
Sell 1
Strong Sell 5
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Intertek Dividends

  Latest Previous
  Final Interim
Ex-Div 21-May-20 26-Sep-19
Paid 11-Jun-20 11-Oct-19
Amount 71.60p 34.20p

Trades for 14-Jul-2020

Time Volume / Share Price
14:55 139 @ 5,284.00p
14:55 157 @ 5,284.00p
14:55 33 @ 5,284.00p
14:55 60 @ 5,282.00p
14:55 17 @ 5,286.00p

Intertek Key Personnel

Chair David E Reid
CEO Andre Lacroix
CFO Ross McCluskey

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