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  2. Share Prices
  3. Drax Share Price
  4. Drax Share News
  5. Drax powers ahead on bid speculation

Pin to quick picksDrax Share News (DRX)

Drax Information

Share Price Information for Drax (DRX)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 533.50
Bid: 532.50
Ask: 534.00
Change: 6.00 (1.14%)
Spread: 1.50 (0.282%)
Open: 525.50
High: 541.00
Low: 525.50
Prev. Close: 527.50
DRX Live PriceLast checked at -

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Drax powers ahead on bid speculation

Mon, 29th Jun 2020 10:53

(Sharecast News) - Drax shares surged on Monday amid speculation the temporary power provider could be a takeover target.
The Mail on Sunday suggested Drax could be in early stage talks to be bought by an unnamed energy company.

It noted chatter Drax could be bought for approximately 340p a share, valuing the group at £1.35bn.

At 1105 BST, the shares were up 8.6% at 242.40p.
More News
14 Feb 2023 09:08

LONDON BROKER RATINGS: Deutsche Bank double-upgrades easyJet to 'buy'

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

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8 Feb 2023 08:30

Industrial action will not lead to power cuts, Drax insists

(Sharecast News) - Drax Group has insisted that the UK's electricity supply will not be affected after workers voted in favour of industrial action.

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22 Jan 2023 19:47

Sunday newspaper round-up: Coal-fired power plants, Metro Bank, Asda

(Sharecast News) - National Grid has called on coal-fired power plants to prepare to supply power on Monday given that temperatures are expected to remain near zero even as wind speeds remain low. The notifications that they should be ready - if needed - were served to three coal units owned by Drax and EdF. The plants had been scheduled to close in September but that decision was pushed back until 2024 due to soaring gas prices in the wake of Russia's war on Ukraine. According to Bloomberg data, UK futures remain at over the twice the level typically seen at this time of the year. - The Sunday Telegraph

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13 Jan 2023 11:11

Drax to pay £6.1m fine for breaching licence

(Sharecast News) - Ofgem said on Friday that electricity firm Drax has agreed to pay a £6.1m fine for breaching its energy generation licence by charging National Grid excessive prices to reduce power generation.

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3 Jan 2023 09:24

LONDON BROKER RATINGS: Citigroup cuts Wizz Air; Redburn likes CRH

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

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28 Dec 2022 09:51

LONDON BROKER RATINGS: Goldman Sachs cuts Diageo price target

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

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28 Dec 2022 07:40

LONDON BRIEFING: UK strikes continue; AstraZeneca wins Japan approvals

(Alliance News) - Stocks in London are set to open higher on Wednesday as UK markets returned to business following the Christmas break.

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23 Dec 2022 09:59

LONDON BROKER RATINGS: Stifel raises Next to buy, cuts boohoo to hold

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

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15 Dec 2022 17:03

CORRECT: LONDON MARKET CLOSE: Stocks down as BoE and ECB lift rates

(Correcting CAC 40 and DAX percentage changes.)

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15 Dec 2022 17:00

LONDON MARKET CLOSE: Stocks down as BoE and ECB lift rates

(Alliance News) - Equities in London closed lower on Thursday as interest rate hikes from the Bank of England and the European Central Bank, as well as bleak economic forecasts, sent a chill through global markets.

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15 Dec 2022 10:58

Drax expects adjusted earnings to beat analyst expectations

(Alliance News) - Drax Group PLC on Thursday said it expects 2022 earnings to beat analyst expectations.

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15 Dec 2022 09:25

LONDON BROKER RATINGS: Goldman Sachs likes Big Yellow, Great Portland

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

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12 Dec 2022 12:55

UK's National Grid cancels standby notices for two coal units despite cold snap

LONDON, Dec 12 (Reuters) - Britain's National Grid on Monday cancelled standby notices for two coal units of Drax Group, a few hours after issuing the requests, as a cold snap gripped the country but high nuclear output and wind speeds reduced the chance of energy shortages.

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12 Dec 2022 12:34

UK's National Grid cancels standby notice for two coal units

Dec 12 (Reuters) - Britain's National Grid cancelled standby notices for Drax Group's two coal units on Monday, according to Elexon's website.

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12 Dec 2022 10:19

Coal-fired plants put on standby as cold snap intensifies

(Sharecast News) - National Grid has ordered two coal-fired generators be readied for use after temperatures plunged across the UK.

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