Intertek eyes 2012 growth

FTSE 100 testing firm Intertek said a robust commodities market and improving consumer goods division had left it confident of strong growth in 2012, after full-year profit surged 23 per cent.

The company, which tests products from toys to oil to renewable technology, said 2011 adjusted pre-tax profit was £260.1m, comfortably above a company provided consensus of £249m.

Revenue, significantly boosted by last April’s £450m acquisition of Moody International, grew 27 per cent to almost £1.75bn.