IPSA.L Share News (IPSA)

UK MIDDAY BRIEFING: EasyJet, Flybe Passenger Numbers Soar

LONDON (Alliance News) - Airlines are trading higher Friday after low-cost airlines easyJet and Flybe Group said they flew more passengers and filled more of the seats in their planes in recent weeks.

EasyJet said it flew 5.1 million passengers in March, up from ne

IPSA Jumps As It Brings New Capacity Online At Newcastle Plant

LONDON (Alliance News) - IPSA Group PLC saw its shares rise strongly Friday after it said it had commissioned additional capacity at its Newcastle plant, leaving it well placed to bid in the upcoming independent power producer programme in South Africa and return to growth. In a statement,

IPSA Says Malaysian Court Accepts It Should Not Have Jurisdiction Over Iris Ecopower Claim

LONDON (Alliance News) - Power generation group IPSA Group PLC Tuesday said that a Malaysian court has accepted its application that Malaysian courts should not have jurisdiction over the claim brought against it by Iris Ecopower Sdn Berhad. In a statement on November 21 last year, IPSA sai

IPSA swings to half-year profit

Power plant developer IPSA swung to a half year profit following the sale in June of its two remaining turbines. Group profit after tax came to £1.96m in the six months through September, up from a loss of £1.3m last year. The Africa-focused company said it recognised a profit of £3.2m on sale of

Rurelec Confirms Gas Turbine Sale For Cash, IPSA Debt Paydown

IPSA Group Reports Loss In FY13 After Delay In Selling Turbines

IPSA to sell turbines to power operator Rurelec

IPSA Group, the AIM-listed owner and operator of power generation capacity in southern Africa has agreed to the conditional sale of two Siemens Westinghouse 701 DU turbines to Rurelec. IPSA said that Rurelec, an operator of power generation assets in Latin America also listed on AIM, would pay a to

Sector movers: Big gains for banks

Financials were leading the way on Thursday on hopes of a solution to the sovereign debt crisis in Europe. European leaders agreed a new aid package for Greece and an overhaul of the Eurozone sovereign rescue fund. Among the proposals are a reduction in debt burdens on Greece, Portugal and Ireland

IPSA Group sells four turbines for £41m

Shares of power generator IPSA Group nearly doubled after it agreed to sell four of its turbines to Singapore-based Bright Day and private equity firm Bridgehouse Capital for a total of about £41m. Both the buyers have each agreed to purchase two of IPSA's Siemens Westinghouse 701 DU gas turbines a

Small caps round-up: IPSA, Lonrho, Speymill

Shares in IPSA fell by a quarter after the Southern Africa-focused power generation group said that Sasol Gas, the South African gas producer and supplier, is suing IPSA's subsidiary Newcastle Cogeneration, for about £4m. IPSA said the sum relates to penalties incurred as a result of a plant not ru

Strategic questions IPSA's contract cancellation

AIM-quoted South Africa-based coal miner Strategic Natural Resources (SNR) has questioned whether South African power generator IPSA has the right to terminate their coal supply agreement. SNR says it has not received any notice of termination from the IPSA subsidiary that signed the contract. Thi

South Africa World Cup needs IPSA power

Power station developer IPSA has restarted production of electricity under an emergency contract with South Africa's state utility Eskom. The company's NewCogen subsidiary is being used to avoid power cuts if workers go out on strike during the World's biggest football tournament. Eskom may exten

IPSA Group Unit Restarts Production With Eskom

LONDON (Dow Jones)--IPSA PLC (IPSA.LN), a developer, owner and operator of power generation capacity in Southern Africa, announced Thursday that, on Jun. 23, its NewCogen subsidiary re-started production of electricity under an emergency contract with Eskom. MAIN FACTS: -Under the contract t

IPSA Group: Sterling Trust Buys 5.0M Shares Or 5.3%

LONDON (Dow Jones)--IPSA Group PLC (IPSA.LN), a developer, owner and operator of power generation capacity in Southern Africa, Tuesday announces that, on June 17, Sterling Trust Limited acquired 5,010,000 ordinary shares of the Company in an off-market transaction at 12 pence per Ordinary Share, equ

Derwent Valley executives sell

Chief executive John Burns and head of development Simon Silver have both reduced their stakes in real estate investment trust Derwent Valley. Burns raised just over £1m from the sale of 76,000 shares at £13.30 each. Silver sold 45,000 shares at the same share price and raised just short of £600,0