Drax Share News (DRX)

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.

LONDON BROKER RATINGS: HSBC likes Aviva; Credit Suisse lifts Drax

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

LONDON BRIEFING: Markets ponder strong US economy, slow China recovery

(Alliance News) - Stocks in London were called higher on Friday, as investors weighed conflicting economic data from the world's two largest economies.

British coal plants to be unavailable for back up power this winter - National Grid

LONDON, 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.

UK’s Drax says not in negotiations to restart coal units this winter

LONDON, 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.

Britain at lower risk of losing power next winter, says grid operator

(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.

New UK business group launched to rival CBI ahead of crunch vote

(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.

UK Environment Agency to review Drax's power plant carbon capture plan

(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.

LONDON BROKER RATINGS: Morgan Stanley raises ConvaTec to 'overweight'

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

IN BRIEF: Drax resolves to "cooperate fully" with Ofgem investigation

Drax 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."

Ofgem launches Drax probe, shares slide

(Sharecast News) - The UK energy regulator has launched an investigation into Drax Group's annual biomass profiling.

Drax ups investment in carbon capture plants to up to GBP7 billion

(Alliance News) - Drax Group PLC on Tuesday said its outlook for 2023 remains unchanged, with adjusted earnings before interest, tax, depreciation and amortisation expected to be in-line with analyst consensus.

Drax backs FY expectations, plans two new sites in US

(Sharecast News) - Drax backed its full-year profit expectations on Tuesday as it announced plans for two new biomass-fuelled power stations in the US.

UK dividends calendar - next 7 days