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.
Read moreMon, 03rd Feb 2020 08:13
(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(Sharecast News) - Drax posted a surge in its first half profits and guided towards a reduction in gearing by year end.
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 moreLONDON, June 28 (Reuters) - Two British coal plant operators, whose plants were available last winter, have confirmed they will be unable to provide back-up power for winter 2023/24, National Grid said on Wednesday.
Read moreLONDON, June 15 (Reuters) - British power generator Drax said on Thursday it is not in negotiations with the National Grid to restart its coal-fired power units to be available as back up electricity generation this winter.
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 moreDrax 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(Sharecast News) - The UK energy regulator has launched an investigation into Drax Group's annual biomass profiling.
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