Itm Power Share News (ITM)

LONDON BRIEFING: Hipgnosis pulls interim dividend on lower royalties

(Alliance News) - The FTSE 100 is likely to open higher on Monday, benefitting from higher oil and gas prices, while fears of escalating regional conflict in the Middle East damp risk sentiment elsewhere.

ITM Power announces entry into the US market

(Sharecast News) - Green energy group ITM Power has announced it is starting bidding into projects in the US market, which it says could become one of its largest markets.

LONDON BROKER RATINGS: Goldman Sachs says 'sell' Asos and boohoo

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

LONDON BRIEFING: UK economy grows 0.2%; CMA probes ITV and BBC

(Alliance News) - Stocks in London are called higher on Thursday, following an upbeat trading session in Asia.

UK shareholder meetings calendar - next 7 days

LONDON BROKER RATINGS: Jefferies raises HSBC price target

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

LONDON BROKER RATINGS: UBS cuts RS Group to 'neutral' from 'buy'

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

ITM Power shares gain as H1 results beat expectations

(Sharecast News) - Shares in hydrogen firm ITM Power made sharp gains on Thursday as the company posted interim in line with expectations as it seeks to turn its fortunes around.

ITM Power touts optimistic outlook despite increased annual loss

(Alliance News) - ITM Power PLC on Thursday reported an increased loss whilst it hailed its plans to expand into "important growth markets" such as the EU, with big demand ahead for green hydrogen.

ITM Power inks heads of terms for sale of Motive Fuels stake

(Sharecast News) - Hydrogen energy technology specialist ITM Power announced a significant step in its strategic restructuring on Monday, by entering into a non-binding heads of terms agreement for the sale of Motive Fuels.

IN BRIEF: ITM Power agrees exit from hydrogen refuelling station chain

ITM Power PLC - Sheffield, England-based maker of electrolysers to produce green hydrogen - Signs non-binding heads of terms agreement to sell Motive Fuels Ltd, a 50-50 joint venture set up in 2022 with Vitol Holdings SARL to build hydrogen refuelling stations in the UK. Doesn't say whether new agreement is with Vitol or another company but says it expects the deal to be completed by the end of calendar 2023. ITM Power and Vitol each had committed GBP30 million as seed funding to the joint venture, and ITM Power says its exit will free up GBP28 million in pre-committed cash for its core business of becoming a volume manufacturer of electrolysers. "Motive has been an important part of ITM's journey, and it is important to us that the business will be left in capable and ambitious hands," ITM Power Chief Financial Officer Andy Allen says.

LONDON BRIEFING: Plus500 launches buyback; takeover offer for Glantus

(Alliance News) - Weak trading further afield is likely to translate into a lower open for London's equities on Monday.

UK earnings, trading statements calendar - next 7 days

ITM Power outlines roadmap for further collaboration with Gore

(Alliance News) - ITM Power PLC on Wednesday said that it intends to further collaborate with W. L. Gore & Associates Inc, enhancing their mutual understanding of proton exchange membrane water electrolysis performance.

ITM Power shares down on delayed full-year results

(Alliance News) - ITM Power PLC shares dropped on Tuesday, after it reported that its financial 2023 results will be delayed.