Drax Share News (DRX)

LONDON BROKER RATINGS: Stifel downgrades IAG, easyJet and Ryanair

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

European utilities slide as Russia keeps gas pipe shut

Sunday newspaper round-up: Sky-high electricity prices, Royal Mail, Olaf Scholz

(Sharecast News) - The Chancellor is examining the options that it has at its disposal for bailing out businesses that might otherwise go bust next winter due to sky-high electricity prices. Government sources said Nadhim Zahawi believed that repurposing Covid schemes to help businesses should be among those options. Other options on the table include grants for small and medium-sized enterprises, as well as VAT and business rates holidays. Another source however said supports for SME's would be dependant on the next Prime Minister's appetite for increased borrowing. - The Sunday Times

Britain signs up old coal units as back-up in case of winter power crunch

LONDON, Aug 18 (Reuters) - Britain is turning to old coal-fired power units as a "last resort" in case other sources cannot provide enough electricity through the winter as the country faces a wider energy crisis.

UK dividends calendar - next 7 days

Drax tumbles as Kwarteng questions sustainability of biomass fuel

(Sharecast News) - Drax tumbled on Thursday after UK business secretary Kwasi Kwarteng said the company's imports of US-made wood pellets to be burnt for energy wasn't sustainable.

Drax acquires wood pellet plant in Canada for undisclosed sum

(Alliance News) - Drax Group PLC on Wednesday announced an agreement with Princeton Standard Pellet Corp to acquire its pellet plant in British Columbia, Canada for an undisclosed sum.

Britain to keep coal-fired power plants open this winter

LONDON, July 29 (Reuters) - The UK's Department for Environment, Food and Rural Affairs (DEFRA) said on Friday it has been directed by the government to temporarily relax permitting conditions for coal-fired power stations in England during the winter period.

Drax profit soars; plans to invest GBP3 billion in renewable energy

(Alliance News) - Drax Group PLC on Tuesday posted a surge in half-year profit, as it plans to invest further into renewable energy sources.

Drax first-half profit grows, full-year expectations backed

(Sharecast News) - Renewable power generator Drax backed its full-year expectations on Tuesday as it posted a rise in first-half profit amid solid demand.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: Fevertree chopped; Berenberg likes Deliveroo

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

Prime Minister not planning to extend windfall tax to electricity generators

(Sharecast News) - Electricity generators will be spared from the government's tax net, a spokesman for the Prime Minister said.

LONDON BROKER RATINGS: Berenberg cuts Rio Tinto and BofA lowers Anto

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

Drax upgrades FY profit expectations, shares power ahead

(Sharecast News) - Drax shares rallied on Thursday as the renewable power generator upgraded its full-year earnings expectations after agreeing to keep its coal-fired power plan units open this winter.