IAE.L Share News (IAE)

Ithaca profits slump on UK tax levy; Sees lower output in 2024

(Sharecast News) - North Sea oil and gas producer Ithaca Energy on Wednesday said it was looking at a potential tie-up with Italy's largest energy firm Eni covering its UK assets and reported a slump in annual profits blaming the British government's energy tax and project impairments.

UK earnings, trading statements calendar - next 7 days

London close: Stocks manage gains despite UK recession news

(Sharecast News) - London markets had a mixed but ultimately positive day of trading on Thursday, despite news that the UK fell into a technical recession at the end of 2023.

Ithaca Energy oil production declines in 2023 but optimistic for 2024

(Alliance News) - Ithaca Energy PLC on Thursday said it started the year "in a position of strength," citing a diverse portfolio and investment optionality.

Ithaca Energy sees FY results, production in line with guidance

(Sharecast News) - Independent North Sea oil and gas explorer Ithaca Energy said full year earnings would be in line with guidance.

LONDON BROKER RATINGS: Jefferies raises Spirax-Sarco; cuts Victrex

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

London close: Stocks finish red after US payrolls beat

(Sharecast News) - London stocks ended the trading day in negative territory on Friday as investors considered the latest UK construction data and a fresh non-farm payrolls report out of the US.

LONDON MARKET OPEN: Stocks falter as US rate cut hopes dim

(Alliance News) - Stock prices in London opened in the red on Friday, as the year-end optimism about US interest rate cuts has been tested by the week's developments.

Ithaca Energy chief executive steps down; begins search for successor

(Alliance News) - Ithaca Energy PLC on Friday said its chief executive, Alan Bruce, will step down with immediate effect in order to pursue other opportunities.

LONDON BRIEFING: Clarkson to beat expectations; Ithaca CEO leaves

(Alliance News) - Stocks in London are expected to head lower at Friday's market open, as the year-end optimism about US rate cuts ebbs ahead of crucial economic data.

Ithaca Energy CEO Alan Bruce steps down

(Sharecast News) - Ithaca Energy chief executive Alan Bruce has stepped down with immediate effect "to pursue new opportunities", the North Sea oil and gas producer said on Friday.

LONDON BROKER RATINGS: Jefferies cuts Tullow; Berenberg likes Volex

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

LONDON BROKER RATINGS: UBS cuts Auto Trader; Bryan Garnier likes Sage

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Ithaca profit down on weaker oil prices but backs output guidance

(Alliance News) - Ithaca Energy PLC on Wednesday said its profit has fallen year-to-date, amid weaker oil prices, though it is looking to the future with confidence after achieving a "milestone" at the Rosebank asset in the North Sea.

IN BRIEF: Ithaca Energy acquires remaining Fotla Discovery stake

Ithaca Energy PLC - London-based North Sea oil and gas operator - Announces successful completion of acquisition of the remaining 40% stake in the Fotla Discovery and three exploration licences from Spirit Energy. Fotla is located in Block 22/1b of the North Sea and was discovered in August 2021. Ithaca is currently evaluating development plans, aiming for first production in 2026.