ITM Power (LON:ITM) rises, UK government paper profits hit £54 million
ITM Power PLC jumped over 14% in early London trading Tuesday. The electrolyser firm’s April funding deal, which has state backing, is now firmly in the money. Broader UK stocks were up just slightly. Fidelity quoted ITM with a bid at 129.90p and ask at 130.50p at 09:39 BST. The stock was up 16.30p, or 14.25%. Google Finance had ITM at 130.60p at 09:24 GMT+1. Intraday high hit 135.80p, volume stood at 2.73 million shares, below the 7.21 million average.