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Drax (DRX) Share News

TOP NEWS: Drax profit skyrockets as cost of sales slashed, revenue up

29th Feb 2024 09:35

(Alliance News) - Drax Group PLC on Thursday said it believed to play a long-term role in the UK energy market as it reported significantly higher profit on the back of lower sales costs and higher revenue. Read More

LONDON MARKET OPEN: FTSE 100 gets boost from Haleon and Ocado results

29th Feb 2024 08:52

(Alliance News) - Stock prices in London opened mostly higher on Thursday, despite some nerves ahead of a key US inflation reading. Read More

PRESS: Drax power station burning rare Canadian forest wood - BBC

28th Feb 2024 10:29

(Alliance News) - Drax Group PLC has been burning timber from protected forests in Canada at its North Yorkshire power station, at odds with its previous promise not to do so, according to a report by the BBC on Wednesday. Read More

UK earnings, trading statements calendar - next 7 days

22nd Feb 2024 14:26

LONDON BROKER RATINGS: Unilever and Aviva both raised to 'buy'

21st Feb 2024 11:17

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

LONDON BROKER RATINGS: UBS cuts Howden Joinery; Jefferies likes SSE

19th Feb 2024 09:24

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

LONDON BRIEFING: MoneySupermarket credits Insurance for growth in 2023

19th Feb 2024 07:49

(Alliance News) - Stocks in London are set to fall at Monday's open, as concerns over US inflation trends curb risk appetite, and damp hopes of interest rate cuts from the Federal Reserve. Read More

IN BRIEF: Drax welcomes government consultation on transition support

18th Jan 2024 13:42

Drax Group PLC - Yorkshire, England-based electricity company - Says it welcomes UK government's launch of consultation on a transitional support mechanism for large-scale biomass generators transitioning in 2027 from the end of current renewable schemes, to bioenergy with carbon capture and storage or BECCS. Consultation closes on February 29, and sets out four models including two that are 'Contracts for Difference'-based. Drax believes delivering UK's greenhouse gas removal targets "will require the development of at least one BECCS unit at Drax Power Station by 2030". Read More

Drax wins permission for carbon capture at UK's largest power plant

16th Jan 2024 17:00

(Alliance News) - The UK government has approved Drax Group PLC's development application to install carbon capture technology at Britain's biggest power station, giving a new lease of life to the North Yorkshire site which provides a significant chunk of Britain's electricity. Read More

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

16th Jan 2024 09:14

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

LONDON BROKER RATINGS: Berenberg cuts target prices for miners

9th Jan 2024 09:29

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

LONDON MARKET CLOSE: Stocks mixed as eyes on US inflation data

8th Jan 2024 16:59

(Alliance News) - Stock prices in London closed mixed Monday, with oil majors holding down higher gains in the FTSE 100 index. Read More

PRESS: UK to approve Drax power plant carbon capture plan - Telegraph

8th Jan 2024 11:46

(Alliance News) - The UK's once "dirtiest" coal-fired power station Drax is set to receive approval for a multibillion-pound net-zero carbon capture plan from the UK government, according to a report from the Telegraph on Monday. Read More

LONDON BROKER RATINGS: Berenberg cuts Admiral Group to 'hold' from buy

21st Dec 2023 09:28

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

Drax calls UK government CCUS update "important step" towards net zero

20th Dec 2023 15:16

(Alliance News) - Drax Group PLC on Wednesday praised the UK government's update on the development of carbon capture utilisation and storage clusters. Read More

LONDON BROKER RATINGS: JPMorgan raises Compass and Marston's

14th Dec 2023 09:29

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

Drax expects 2023 adjusted earnings to jump, in line with consensus

5th Dec 2023 09:16

(Alliance News) - Drax Group PLC on Tuesday generator maintained yearly guidance and talked up its bioenergy with carbon capture and storage offering in Yorkshire. Read More

LONDON BRIEFING: Ashtead in record half-year; tinyBuild cuts outlook

5th Dec 2023 07:48

(Alliance News) - London's FTSE 100 is called to open lower on Tuesday, continuing a lacklustre start to the week, after tepid trade in New York overnight. Read More

LONDON BROKER RATINGS: Jefferies raises Tullow Oil to 'hold'

23rd Oct 2023 09:24

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

UK dividends calendar - next 7 days

29th Sep 2023 15:47

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