Investor Update: ITM Power announces major strategic investment and £52mln fundraise

Headlines from the Proactive UK newsroom.

ITM Power (LON:ITM) has brought in a big partner as part of a major fundraise. German group Linde is subscribing for £38mln and will establish a joint venture with ITM to work on large scale industrial projects. ITM will raise a further £14mln through a placing and up to another £6.8mln via an open offer. 

Applied Graphene Materials (LON:AGM) has developed a composite material technology to be used in space. Partner Infinite Composites successfully incorporated AGM's graphene technology into two resin systems for cryogenic pressure vessels being considered for use in NASA spaceflight missions.

Tower Resources (LON:TRP) has given technical data to a potential partner for its blocks in Namibia. The interested party is a major international oil company that held preliminary discussions earlier this summer. 

Tobacco group Imperial Brands is parting company with Alison Cooper, its chief executive for the past nine years. Problems with its vaping range sparked a profit warning last week.

Clothes retailer Ted Baker slumped into a half year loss, slashed its interim dividend and warned things are not looking much better in the second half.

Stagecoach expects its legal action against the Department of Transport over being barred from bidding for rail franchises to come to court early next year. Its remaining bus business has seen mixed trading 

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of ITM Power PLC named herein, including the promotion by the Company of ITM Power PLC in any Content on the Site, the Company receives from said...



Stobart Group PLC reports ' strong strategic and operational first-half...

Stobart Group (LON:STOB) CEO Warwick Brady and CFO Lewis Girdwood highlight what they believe to be the 'significant growth potential' within its aviation division and in particular at London Southend airport. Passenger numbers at the airport increased by 41.8% to 1.2 million in the six...

1 day, 12 hours ago


Directorate Change

2 weeks, 2 days ago

Result of AGM

2 weeks, 3 days ago

Directorate Change

2 weeks, 3 days ago

Award of Options

2 weeks, 5 days ago

Holding(s) in Company

3 weeks, 2 days ago

Holding(s) in Company

3 weeks, 2 days ago

Opening of HRS at Gatwick Airport

3 weeks, 2 days ago

Holding(s) in Company

3 weeks, 3 days ago

2 min read