|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.3300 - 1.4400|
|52 Week Range||0.8410 - 5.7100|
|Beta (5Y Monthly)||1.96|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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ITM Power ( LON:ITM ) First Half 2023 Results Key Financial Results Net loss: UK£56.5m (loss widened by 268% from 1H...
ITM Power will cut its headcount by a quarter in a drive to slash costs and improve performance, after a string of profit warnings at the UK hydrogen equipment manufacturer. The Sheffield-based producer of electrolysers, which separate the zero-carbon fuel from water, said on Tuesday that the lay-offs of more than 100 staff would help cut its annual wage bill by 30 per cent or £9mn a year, after pre-tax losses more than trebled to £57mn in the six months to October. The start-up, which is backed by industrial gas group Linde and Italian gas infrastructure group Snam, has been facing difficulties in scaling up its electrolyser technology.