Drax Group PLC - Yorkshire, England-based electricity generator - Chief Commercial Officer Paul Sheffield sells 79,840 shares at average 552.80 pence, worth GBP441,279, on Tuesday and Wednesday. Now has 16,318 shares remaining. Read More
Drax Group PLC - Yorkshire, England-based electricity generator - Hires Andrea Bertone to be next non-executive chair, joining the board on Thursday and taking over the chair on January 1. Bertone replaces Philip Cox, who steps down on December 31 after nine years in post. Bertone spent 15 years at Charlotte, North Carolina-based electricity and gas supplier Duke Energy Corp, including seven as president of its international division, leaving Duke in 2016. Bertone lives in Houston, Texas. A lawyer by training, she is a member of the Brazilian Bar Association. Read More
(Alliance News) - Drax Group PLC on Thursday posted strong financials for the first half of 2023, as rising profit and revenue allowed it to declare a higher dividend return to its shareholders. Read More
(Alliance News) - Drax Group PLC on Thursday reported a boost in its profit and revenue in its first half, with its full year expectations unchanged. Read More
(Alliance News) - UK equities are "under-owned" and cheap, Barclays said on Friday, as its analysts set out some of the investment bank's conviction stock ideas for the coming quarter. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning: Read More
(Alliance News) - Stocks in London are to open a touch lower on Tuesday, with little in the way of catalysts for global markets, given a lack of major data and a holiday in the US. Read More
(Alliance News) - Drax Group PLC's biomass power plant could lose subsidies if it is found not to be complying with sustainability requirements, a minister has said. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday: Read More
(Alliance News) - Stocks in London were called higher on Friday, as investors weighed conflicting economic data from the world's two largest economies. Read More
(Alliance News) - Britain will be at a lower risk of losing power this winter than it was last time, according to a report from the company that runs the grid. Read More
(Alliance News) - A new business group in the UK has been launched with companies such as BP PLC and Heathrow Airport Ltd among its members ahead of a D-Day crunch vote on the future of the scandal-hit Confederation of British Industry. Read More
(Alliance News) - The Environment Agency in the UK on Friday said it has launched a consultation on Drax Power Ltd's proposals to develop bioenergy with carbon capture and storage at one of its power stations. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday: Read More
Drax Group PLC - Yorkshire, England-based power generator - Acknowledges Ofgem's announcement of an investigation into a possible breach by Drax Power Ltd of annual biomass profiling reporting requirements under the Renewables Obligation scheme. Ofgem however notes that the opening of an investigation does not imply any finding of non-compliance. Drax says Ofgem has separately confirmed that it has not established any breach that would affect the issuance of Renewable Obligation Certificates or associated financial benefits to Drax. Adds that last year it appointed an independent third party to verify biomass sustainability and profiling data. Drax says it "continues to cooperate fully" throughout Ofgem's investigation and " is confident in the compliance of its biomass with the Renewables Obligation criteria." Read More
(Alliance News) - Drax Group PLC on Tuesday said its outlook for 2023 remains unchanged, with adjusted earnings before interest, tax, depreciation and amortisation expected to be in-line with analyst consensus. Read More
(Alliance News) - Stock prices in London were lower at midday on Wednesday, despite a strong performance from housebuilders in the FTSE 100, on the back of a well-received update from Persimmon. Read More
(Alliance News) - Drax Group PLC on Wednesday hailed a strong performance during the first quarter, and the company announced a GBP150 million share buyback. Read More