Drax Share News (DRX)

JPMorgan cuts Drax price target

(Sharecast News) - JPMorgan Cazenove cut its price target on Drax on Thursday to 740p from 830p as it lowered its valuation for the stock.

Drax notes UK indicative support for bioenergy with carbon capture

(Alliance News) - Drax Group PLC on Tuesday noted the UK Department for Energy Security & Net Zero setting an indicative position on power bioenergy with carbon capture and storage projects, saying it welcomed the UK government's draft position.

LONDON BROKER RATINGS: SocGen cuts BAE; BoA resumes IHG with 'buy'

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

IN BRIEF: Drax completes GBP150 million share buyback programme

Drax Group PLC - Yorkshire, England-based electricity generator - Completes GBP150 million share buyback programme which was first announced in April. Says between May 18 and September 15, repurchased 26.4 million shares.

IN BRIEF: Drax chief commercial officer sells GBP440,000 in shares

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.

Liberum singles out three 'cheap' UK stocks to buy

(Sharecast News) - Liberum Capital has identified ConvaTec, Drax and Hays as three "cheap" stocks that should be considered by value-oriented investors.

IN BRIEF: Drax picks ex-Duke Energy executive Andrea Bertone as chair

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.

Drax appoints Duke Energy vet as new chair

(Sharecast News) - UK power generation company Drax has announced it is replacing its long-standing chair Philip Cox with international energy veteran Andrea Bertone.

UK dividends calendar - next 7 days

Drax half-year performance improves, increases dividend payout

(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.

Drax Group reports half year profit surge; expectations unchanged

(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.

Drax sees 1H profit surge, expects reduction in gearing

(Sharecast News) - Drax posted a surge in its first half profits and guided towards a reduction in gearing by year end.

LONDON BROKER RATINGS: JPMorgan raises Mondi and Smurfit Kappa

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

LONDON BRIEFING: Sainsbury's sales up; Eurowag buys more of JITpay

(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.

Drax power station could lose subsidies if not compliant - minister

(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.