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Pin to quick picksItm Power Share News (ITM)

Share Price Information for Itm Power (ITM)

London Stock Exchange
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Share Price: 49.72
Bid: 49.68
Ask: 50.00
Change: 0.28 (0.57%)
Spread: 0.32 (0.644%)
Open: 49.50
High: 52.40
Low: 49.50
Prev. Close: 49.44
ITM Live PriceLast checked at -

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AIM WINNERS & LOSERS: Alpha FX and Restore grow profit in 2021

Wed, 16th Mar 2022 10:58

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Alpha FX Group PLC, up 12% at 1,747.00 pence, 12-month range 1,265p-2,340p. Revenue for 2021 rises 68% to GBP77.5 million and pretax profit nearly doubles to GBP33.2 million from GBP17.1 million in 2020. Will pay total dividend for 2021 of 11.0p, up 38% from 8.0p the year before. "Looking forward, we see major opportunities across all our businesses. We continue to take share in UK FX Risk Management and are well on the way to replicating that UK success in overseas markets," the foreign exchange risk management and international payments firm says.

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Restore PLC, up 8.2% at 460p, 12-month range 340p-530p. Revenue in 2021 rises 28% to GBP234.3 million and pretax profit soars to GBP23.0 million from GBP4.0 million. The document management and IT recycling business firm says good performance across all business units contributed to growth, with strong underlying organic growth and eight successful acquisitions driving increased scale and capability. Adds that strong activity and momentum have continued into new financial year.

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Fevertree Drinks PLC, up 1.5% at 1,651p, 12-month range 1,456.09p-2,871p. Stock rebounds after opening down almost 3%. The premium tonic water maker will pay a special dividend after a strong 2021, though cautions on inflationary pressures. Revenue for 2021 up 23% to GBP311.1 million from GBP252.1 million in 2020, with pretax profit increasing 7.8% to GBP55.6 million from GBP51.6 million. Fevertree's total dividend for 2021 is 15.99 pence, up 2% on the 15.68p paid out for 2020. On top of this, it is recommending a special payout of 42.90p.

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AIM - LOSERS

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Uru Metals Ltd, down 15% at 296p, 12-month range 120p-589p. Gives back some recent gains after 60% jump on Monday and 9.4% rise on Tuesday. The Toronto-based investor and mine project developer on Tuesday said Zeb Nickel has completed the most recent phase of exploration drilling at the Zebediela nickel project in South Africa. Uru Metals holds a 75% interest in Zeb Nickel and is the technical operator of the Zebediela project.

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ITM Power PLC, down 3.2% at 346.6p, 12-month range 208.24p-543p. The energy storage and clean fuel company gives update on the 24 MW Leuna contract, saying it has experienced constraint in the local supply chain involving tooling for the scale up of stack manufacture and as a consequence, now expects the majority, but not all 12, of the modules to complete factory acceptance testing in April. "A longer-term solution for this supply chain constraint has already been defined and implemented, the benefit of which will be felt in the new financial year," it says.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
25 Jul 2023 08:32

ITM Power postpones full-year results, reiterates guidance

(Sharecast News) - ITM Power postponed the release of its full-year audited results at the request of its auditor.

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17 Jul 2023 15:38

ITM Power wins contract in Germany

(Sharecast News) - ITM Power announced the award of a contract for the procurement of long lead-time materials and components for a particular project, it announced on Monday.

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17 Jul 2023 11:24

IN BRIEF: ITM Power wins 100MW contract with German customer

ITM Power PLC - Sheffield, England-based designer and manufacturer of electrolysers for green hydrogen production - Awarded contract with unnamed customer to procure long lead-time materials and components required to manufacture ITM's MEP30 skids for a 100 megawatt project in Germany. The customer, which ITM does not name, intends to make its final investment decision this year.

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13 Jul 2023 09:18

LONDON BROKER RATINGS: HSBC raises Watches of Switzerland to 'buy'

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

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10 Jul 2023 13:05

ITM Power launching new Germany hub

(Sharecast News) - Electrolyser specialist ITM Power is expanding its presence in Germany, it announced on Monday, with the establishment of ITM Power Germany.

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10 Jul 2023 08:34

ITM Power to launch Germany expansion in October with new facilities

(Alliance News) - ITM Power PLC said on Monday that it was expanding in Germany this October, opening new facilities with office space for more than 50 employees.

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7 Jul 2023 07:43

LONDON BRIEFING: Coca-Cola HBC raises guidance; House prices fall

(Alliance News) - Stock prices in London are expected to open flat on Friday, as investors look ahead to a US jobs print at the end of a rather bruising week for global equities.

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3 Jul 2023 15:42

ITM Power inks strategic partnership with Mott Corporation

(Sharecast News) - Electrolyser technology specialist ITM Power announced a strategic partnership with Mott Corporation on Monday.

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3 Jul 2023 09:38

IN BRIEF: ITM Power works with Mott to advance porous transport layers

ITM Power PLC - Sheffield, England-based designer and manufacturer of electrolysers based on proton exchange membrane technology to produce green hydrogen - Partners with Mott Corp to secure ITM's market leadership in electrolyser stack technology. Says ITM and Mott are collaborating to further advance porous transport layers. This is a key component of proton exchange membrane electrolysis. Mott is a precision filtration company based in Connecticut.

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30 Jun 2023 14:18

ITM Power gets UKCA marking for electrolyser stack

(Sharecast News) - ITM Power announced on Friday that its MEP30 electrolyser stack has achieved UKCA marking.

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30 Jun 2023 10:21

ITM Power receives UKCA accreditation for electrolyser product design

(Alliance News) - ITM Power on Friday said its MEP30 electrolyser stack has been both marked and received accreditation from the UK Conformity Assessed.

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12 Jun 2023 15:45

Thyssenkrupp pulls trigger on long-awaited IPO of hydrogen division Nucera

Nucera targets primary proceeds of up to 600 mln euros

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9 Jun 2023 15:23

Thyssenkrupp's Nucera to launch IPO as early as next week -sources

LONDON/FRANKFURT, June 9 (Reuters) - Thyssenkrupp is poised to launch the long-awaited listing of its hydrogen division Nucera as soon as next week, according to several people familiar with the matter, in what could be a boost to Europe's sluggish capital markets.

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9 Jun 2023 14:50

Thyssenkrupp's Nucera to launch IPO as early as next week -sources

LONDON/FRANKFURT, June 9 (Reuters) - Thyssenkrupp is poised to launch the long-awaited listing of its hydrogen division Nucera as soon as next week, according to several people familiar with the matter, in what could be a boost to Europe's sluggish capital markets.

Read more
1 Jun 2023 10:14

ITM Power FY revenue seen ahead of guidance, EBITDA loss within range

(Sharecast News) - ITM Power said on Thursday that it expects full-year revenue to be ahead of guidance, while the adjusted EBITDA loss will be within the guidance range.

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