INTERTEK SHARES SOAR AS IT SAYS IT IS CONSIDERING SPLITTING IN TWO
Intertek is looking at splitting in two – a move that sent its shares soaring.
The product testing and certification group said it is considering the separation of Intertek Energy & Infrastructure and Intertek Testing & Assurance.
This could be achieved via a sale or spin-off. The plan sparked speculation that one or both businesses could be bought.
Intertek said the move could help boost growth and returns for shareholders and that, if it decides to proceed, the plan could be implemented by mid-2027.
Shares surged 12.8 per cent, or 490p, to 4308p.
Analysts at investment bank RBC said any demerger could lead to higher costs and reduced investments.