Intertek gained 2% in London following the inspection and certification services group's trading update for the first four months of 2024, with revenues up 2% to £1.08 billion, slightly exceeding Oddo BHF's expectations.

Organic growth for the British group came in at 7%, compared with the 6.1% anticipated by the research firm, an outperformance it said was concentrated in the consumer products, health & safety and energy world divisions.

While Intertek has reiterated its annual guidance of mid-single-digit organic growth and margin improvement, Oddo BHF is currently forecasting organic growth of 6.2% and a margin of 16.8%.

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