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(Alliance News) - Drax Group PLC on Wednesday said it has raised its profit expectations for 2022, following a request from the UK government for owners of legacy coal-fired generation assets to extend their lives up to March 2023.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:
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(Sharecast News) - JPMorgan Cazenove put Drax on "positive catalyst watch" on Tuesday, saying it expects the renewable energy company to upgrade guidance at its interim results.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:
Read more(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:
Read more(Sharecast News) - Shares in Industrial Metals & Mining names were among the best performers on the FTSE 350 at the start of June as UK investors reacted to news that Chinese authorities were easing Covid-19 restrictions.
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LONDON, May 30 (Reuters) - Some of the British coal-fired power plants slated for closure this year might need to stay open to ensure electricity supply this winter, the government said on Monday.
Read moreMay 27 (Reuters) - The FTSE 100 inched higher on Friday, recording its best weekly showing since mid-March, although oil and gas stocks came under renewed pressure after the UK government's windfall tax plan this week.
Read moreMay 26 (Reuters) - The UK's top share index rose on Thursday on the back of gains in banks, but shares of utilities slumped after Britain announced a 25% windfall tax on oil and gas producers' profits.
Read more(Sharecast News) - JP Morgan has reiterated its positive stance on the UK energy sector, despite the likely imposition of windfall taxes.
Read more(Alliance News) - Stocks in Europe climbed on Wednesday, with the FTSE 100 leading the way as the pound weakened, while gains for European indices were more muted ahead of the latest US Federal Reserve meeting minutes.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:
Read moreMay 24 (Reuters) - UK's FTSE 100 fell on Tuesday, tracking a sour global mood with energy stocks leading declines and shares of British utilities slumped after a media report fuelled speculation of a windfall tax.
Read more(Alliance News) - Stocks in London ended lower on Tuesday following weak PMI data, while fears over a potential windfall tax hurt energy companies.
Read moreMay 24 (Reuters) - Shares of British power generating firms plunged on Tuesday after a news report that Britain had ordered plans be drawn up for a possible windfall tax on more than 10 billion pounds ($12.6 billion) of excess profits made by the companies.
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