Drax describes strong first quarter performance
25th Apr 2024 09:06
(Sharecast News) - Drax Group reported strong system support and generation performance in a first-quarter update on Thursday, with its expectations for full-year adjusted EBITDA remaining in line with analysts' consensus estimates.
Read moreLondon close: Stocks manage gains ahead of US payrolls report
4th Apr 2024 15:58
(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK services sector's latest figures.
Read moreFTSE 250 movers: Media stocks Future and Ascential see shares surge
4th Apr 2024 14:26
(Sharecast News) - Future stole the show on Thursday after the media group reported a return to organic revenue growth in its second quarter, largely attributed to robust performances in Go.Compare, B2B sectors, and resilient magazine sales.
Read moreDrax Group signs new £150m loan
4th Apr 2024 07:38
(Sharecast News) - Power generation business Drax has signed a new £150m term-loan facility to help refinance its debt.
Read moreJefferies sees more upside at Drax despite recent rally
11th Mar 2024 08:47
(Sharecast News) - Jefferies has lifted its target price for Drax from 580p to 600p and reiterated a 'buy' rating after the electricity services group's strong full-year results last month.
Read moreLondon close: Stocks finish positive as US inflation moderates
29th Feb 2024 16:05
(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.
Read moreDrax lifts dividend as full-year profits jump
29th Feb 2024 08:08
(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.
Read moreDrax secures capacity deals, faces fresh sourcing scrutiny
28th Feb 2024 07:23
(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.
Read moreWatchdog calls on government to review biomass sustainability monitoring
24th Jan 2024 15:40
(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.
Read moreWatchdog calls on government to review biomass sustainability monitoring
24th Jan 2024 15:40
(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.
Read moreWatchdog calls on government to review biomass sustainability monitoring
24th Jan 2024 15:40
(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.
Read moreCiti downgrades Drax to 'sell'
17th Jan 2024 12:18
(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.
Read moreLondon close: Stocks manage positive finish after mixed session
8th Jan 2024 16:38
(Sharecast News) - London's financial markets experienced a mixed trading day on Monday, with the FTSE 100 and FTSE 250 indices closing in positive territory after spending much of the session in the red.
Read moreDrax to get approval for net zero carbon capture plan - report
8th Jan 2024 10:25
(Sharecast News) - Drax surged on Monday following a report that the UK government is set to approve a multibillion-pound CO2 capture scheme.
Read moreDrax cuts leverage ratio after strong second half
5th Dec 2023 07:21
(Sharecast News) - Power station group Drax has scaled back its leverage expectations after a strong performance in the second half, and said it should meet analysts' profit forecasts with its full-year results.
Read more