Intertek ups profit guidance

UK testing and quality control firm Intertek yesterday upgraded its full-year guidance, underpinned by an improving trading outlook, as it reported first-half results, sending its shares to the top of the FTSE 100 index. “With the trading outlook improving, we now expect to achieve 2010 organic revenue growth of mid single digits,” Intertek said. The group, which tests a range of products from toys and footwear to computers, had previously forecast 2010 revenue growth similar to last year, when it rose 3.5 per cent.