If you'd invested in: Intertek and Countrywide
Intertek, which inspects and certifies products for safety, has seen its shares rise by 55% this year. Estate agent Countrywide has had a much less satisfying 12 months.
If only
Intertek (LSE: ITRK) inspects and certifies products for safety. So far this year it has seen its shares rise by 55%. In August it announced that sales had jumped by 13.2% during January-June, to £1.37bn. Meanwhile, acquisitions, such as Germany's KJ Tech Services earlier this year, provide opportunities to build sales and margins further. The company is expected to generate earnings growth of 11% and 7% in 2017 and 2018 respectively.
Be glad you didn't
Countrywide (LSE: CWD) is the biggest listed estate agency in Britain. In November it said that revenue was down 7% to £175m in the quarter to the end of September compared with the same period last year. In the first half of the financial year it also saw a 98% collapse in pre-tax profits, falling to £477,000 from £24.2m a year earlier. Its shares are now down by 28% in the year to date, and it dropped out of the FTSE 250 in December last year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
Alice grew up in Stockholm and studied at the University of the Arts London, where she gained a first-class BA in Journalism. She has written for several publications in Stockholm and London, and joined MoneyWeek in 2017.
-
Water companies blocked from using customer money to pay “undeserved” bonuses
The regulator has blocked three water companies from using billpayer money to pay £1.5 million in exec bonuses
By Katie Williams Published
-
Will the Bitcoin price hit $100,000?
With Bitcoin prices trading just below $100,000, we explore whether the cryptocurrency can hit the milestone.
By Dan McEvoy Published