Matt Peltz's new firm, Lost Coast Collective, has made its first public activist investment by taking a stake in the UK testing company Intertek.

Intertek, a UK-based testing and assurance company, has rebuffed a non-binding takeover offer from Swedish private equity firm EQT, leading to a significant rise in Intertek's share price.

Highlights from Intertek Group's Q4 earnings call are reported.

EQT has submitted an improved takeover offer for Intertek, valuing the company at £9.7 billion. This marks an escalation in the acquisition attempt for the inspection and testing services provider.

Both Intertek Group and PageGroup have released highlights from their respective first-quarter earnings calls. These reports provide updates on the financial performance of each company during the quarter.

Intertek, a prominent company, is anticipated to be broken up, a move that analysts suggest should unlock significant value for its stakeholders.

Intertek Group has released its full-year financial results, providing an overview of the company's performance.