Drax Share News (DRX)

LONDON MARKET OPEN: SSE rises on guidance; Drax falls on biomass snub

(Alliance News) - Stock prices in London opened higher in London on Thursday, as optimism returned to the markets and fears of banking crisis contagion faded.

Drax tumbles as govt rejects biomass carbon capture plans

(Sharecast News) - Drax insisted on Thursday that it still plans to install carbon capture technology at its power plants even after the government rejected its plans to introduce the technology at a power plant in England.

Britain considers coal power back-up for next winter - National Grid

LONDON, March 15 (Reuters) - Britain is considering keeping some coal plants available for back-up power to ensure sufficient electricity supplies for next winter, National Grid said on Wednesday but plant operators said they are unlikely to be able to meet the request.

Britain considers coal power back-up for next winter

LONDON, March 15 (Reuters) - Britain is considering keeping some coal plants available for back-up power to ensure sufficient electricity supplies for next winter, National Grid said on Wednesday.

LONDON BROKER RATINGS: JPMorgan cuts BAT; raises Bunzl

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

US subsidies may divert £2bn Drax investment away from UK - report

(Sharecast News) - UK officials have reportedly raised fears that Drax may divert £2bn of planned investment in carbon capture to the US, lured by President Joe Biden's massive package of green subsidies.

Drax workers accept pay deal, strikes called off

(Sharecast News) - Workers at a Drax power station in Yorkshire have called off strikes after accepting a pay deal.

FTSE 100 slips as ex-dividend trades weigh, Rolls-Royce soars

Rolls-Royce jumps on upbeat forecast

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LONDON MARKET MIDDAY: FTSE 100 underperforms as rate worries weigh

(Alliance News) - Stock prices in London were largely higher at midday on Thursday, though the FTSE 100 was in the red as the more globally-focused index lamented interest rates in the US will likely keep pushing higher.

Drax profit falls in 2022 amid higher revenue as cost of sales balloon

(Alliance News) - Drax Group PLC on Thursday reported a lower profit in 2022 as cost of sales outpaced revenue growth.

Drax nearly doubles full-year profits, plans investment push

(Sharecast News) - Drax Group nearly doubled its full-year operating profits even as it continued to invest heavily in the business.

IN BRIEF: Drax signs GBP37 million energy provision agreements

Drax Group PLC - Yorkshire, England-based power generator - Confirms that it has provisionally secured agreements to provide a total of 621 megawatts of capacity, principally from its pumped storage and hydro assets. It didn't specify with whom it had signed.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: Citigroup starts Inchcape with 'buy'

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

JPMorgan lifts Drax price target, expects strong 2023 guidance

(Sharecast News) - JPMorgan Cazenove lifted its price target on Drax on Tuesday to 900p from 850p and said it remains on its "Positive Catalyst Watch" into results later this month.