Drax Share News (DRX)

LONDON MARKET OPEN: FTSE 100 gets boost from Haleon and Ocado results

(Alliance News) - Stock prices in London opened mostly higher on Thursday, despite some nerves ahead of a key US inflation reading.

Drax lifts dividend as full-year profits jump

(Sharecast News) - Power generation company Drax posted a surge in full-year profits on Thursday and lifted its dividend, as Britons struggled to pay their energy bills.

PRESS: Drax power station burning rare Canadian forest wood - BBC

(Alliance News) - Drax Group PLC has been burning timber from protected forests in Canada at its North Yorkshire power station, at odds with its previous promise not to do so, according to a report by the BBC on Wednesday.

Drax secures capacity deals, faces fresh sourcing scrutiny

(Sharecast News) - Drax Group announced provisional agreements secured through the recent T-4 capacity market auctions on Wednesday, as it also faced fresh scrutiny over its sourcing practices.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: Unilever and Aviva both raised to 'buy'

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

LONDON BROKER RATINGS: UBS cuts Howden Joinery; Jefferies likes SSE

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

LONDON BRIEFING: MoneySupermarket credits Insurance for growth in 2023

(Alliance News) - Stocks in London are set to fall at Monday's open, as concerns over US inflation trends curb risk appetite, and damp hopes of interest rate cuts from the Federal Reserve.

Watchdog calls on government to review biomass sustainability monitoring

(Sharecast News) - The government cannot prove biomass power plants meet sustainability rules and should review its monitoring arrangements, the National Audit Office said on Wednesday.

Watchdog calls on government to review biomass sustainability monitoring

(Sharecast News) - The government cannot prove biomass power plants meet sustainability rules and should review its monitoring arrangements, the National Audit Office said on Wednesday.

Watchdog calls on government to review biomass sustainability monitoring

(Sharecast News) - The government cannot prove biomass power plants meet sustainability rules and should review its monitoring arrangements, the National Audit Office said on Wednesday.

IN BRIEF: Drax welcomes government consultation on transition support

Drax Group PLC - Yorkshire, England-based electricity company - Says it welcomes UK government's launch of consultation on a transitional support mechanism for large-scale biomass generators transitioning in 2027 from the end of current renewable schemes, to bioenergy with carbon capture and storage or BECCS. Consultation closes on February 29, and sets out four models including two that are 'Contracts for Difference'-based. Drax believes delivering UK's greenhouse gas removal targets "will require the development of at least one BECCS unit at Drax Power Station by 2030".

Citi downgrades Drax to 'sell'

(Sharecast News) - Citi downgraded Drax to 'sell' on Wednesday as it argued the shares have re-rated "unjustifiably" on the hope of further government support - a view the bank does not share before the general election.

Drax wins permission for carbon capture at UK's largest power plant

(Alliance News) - The UK government has approved Drax Group PLC's development application to install carbon capture technology at Britain's biggest power station, giving a new lease of life to the North Yorkshire site which provides a significant chunk of Britain's electricity.

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

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