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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.

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31 Jan 2023 07:54

LONDON BRIEFING: Pets at Home raises guidance; IMF cuts UK GDP outlook

(Alliance News) - Stocks in London were set to open lower on Tuesday, following a forecast by the International Monetary Fund warning the UK economy will shrink this year, despite growth elsewhere.

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24 Jan 2023 15:46

UK earnings, trading statements calendar - next 7 days

Wednesday 25 January 
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Friday 27 January 
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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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23 Jan 2023 09:41

LONDON BROKER RATINGS: Jefferies cuts Berkeley; HSBC cuts St James's

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

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17 Jan 2023 12:11

RBC slashes target on ITM Power, says capacity expansion and commercial credibility key

(Sharecast News) - Analysts at RBC slashed their target price for shares of ITM Power, the energy storage and clean fuel company, from 500.0p to 260.0p.

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17 Jan 2023 09:36

LONDON BROKER RATINGS: Bernstein cuts Unilever to 'underperform'

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

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16 Jan 2023 17:06

FTSE 100 in sight of record high as financial stocks gain

Ocado rises ahead of results

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16 Jan 2023 11:09

ITM Power shares down as annual revenue expected to fall

(Alliance News) - ITM Power PLC on Monday said it has become clear that the outcome for the year ending April 30 will be "materially different" from current guidance, with lower revenue and a higher earnings before interest, taxation, depreciation and amortisation loss.

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16 Jan 2023 08:33

ITM Power warns FY results will be 'materialy different' to current guidance

(Sharecast News) - Energy storage firm ITM Power warned on Monday that its full-year results would now be "materially different" to current guidance, with both lower revenues and a larger underlying loss.

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16 Jan 2023 07:50

LONDON BRIEFING: FTSE 100 seen flat; Just Eat and Sainsbury's partner

(Alliance News) - With US financial markets closed for a public holiday on Monday and after better-than-expected data for the UK economy on Friday, stocks in London were set to start the week slightly higher.

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6 Jan 2023 07:19

Germany's HH2E buys hydrogen production capacity from Norway's Nel

BERLIN/FRANKFURT, Jan 6 (Reuters) - German energy firm HH2E will buy 120 megawatts worth of hydrogen production capacity from Norway's Nel ASA, it said, reflecting efforts to ramp up Germany's renewables capacity to compensate for Russian fuel imports and meet climate targets.

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1 Dec 2022 10:32

ITM Power CEO Cooley steps down, turns to Linde Engineering's Schulz

(Alliance News) - ITM Power PLC said on Thursday that its chief executive officer Graham Cooley resigned with immediate effect, though he is likely to remain as a consultant.

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1 Dec 2022 08:53

ITM Power delays trading update as CEO departs

(Sharecast News) - ITM Power announced the resignation of Graham Cooley as its chief executive officer on Thursday, with immediate effect.

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25 Nov 2022 09:15

IN BRIEF: ITM Power appoints Schulz as new CEO after Cooley resigns

ITM Power PLC - Sheffield, England-based energy storage and clean fuel company - Appoints Dennis Schulz as chief executive officer, with effect from December 1.

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25 Nov 2022 08:15

ITM Powers appoints Linde's Dennis Schulz as CEO

(Sharecast News) - Energy storage and clean fuel company ITM Power said on Friday that it has appointed Dennis Schulz as chief executive officer with effect from 1 December.

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16 Nov 2022 07:55

LONDON BRIEFING: SSE swings to interim loss despite 60% revenue rise

(Alliance News) - Stocks in London are called lower on Wednesday, following a hotter-than-expected inflation reading for the UK and a day before UK Chancellor Jeremy Hunt unveils his autumn budget.

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