London close: Stocks slip ahead of FOMC minutes, Autumn Statement
21st Nov 2023 15:19
(Sharecast News) - London stocks finished in the red on Tuesday as investors examined the latest UK borrowing data ahead of Wednesday's Autumn Statement.
Read moreBroker tips: Drax, Croda, Babcock
28th Sep 2023 11:03
(Sharecast News) - JPMorgan Cazenove cut its price target on Drax on Thursday to 740p from 830p as it lowered its valuation for the stock.
Read moreJPMorgan cuts Drax price target
28th Sep 2023 08:47
(Sharecast News) - JPMorgan Cazenove cut its price target on Drax on Thursday to 740p from 830p as it lowered its valuation for the stock.
Read moreLiberum singles out three 'cheap' UK stocks to buy
29th Aug 2023 08:40
(Sharecast News) - Liberum Capital has identified ConvaTec, Drax and Hays as three "cheap" stocks that should be considered by value-oriented investors.
Read moreDrax appoints Duke Energy vet as new chair
24th Aug 2023 07:49
(Sharecast News) - UK power generation company Drax has announced it is replacing its long-standing chair Philip Cox with international energy veteran Andrea Bertone.
Read moreDrax sees 1H profit surge, expects reduction in gearing
27th Jul 2023 09:50
(Sharecast News) - Drax posted a surge in its first half profits and guided towards a reduction in gearing by year end.
Read moreOfgem launches Drax probe, shares slide
31st May 2023 08:21
(Sharecast News) - The UK energy regulator has launched an investigation into Drax Group's annual biomass profiling.
Read moreDrax backs FY expectations, plans two new sites in US
23rd May 2023 10:00
(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.
Read moreDrax launches £150m buyback, sees FY in line
26th Apr 2023 08:01
(Sharecast News) - Power generator Drax on Wednesday launched a £150m share buyback and said it was suspending carbon capture projects pending further talks with the government on subsidies.
Read moreLiberum slightly lowers target price on Drax
4th Apr 2023 10:51
(Sharecast News) - Analysts at Liberum lowered their target price on power generation business Drax from 952.0p to 940.0p on Tuesday but stated its bioenergy with carbon capture and storage (BECCS) proposition remained "strong".
Read moreDrax tumbles as govt rejects biomass carbon capture plans
30th Mar 2023 08:51
(Sharecast News) - Drax insisted on Thursday that it still plans to install carbon capture technology at its power plants even after the government rejected its plans to introduce the technology at a power plant in England.
Read moreUS subsidies may divert £2bn Drax investment away from UK - report
10th Mar 2023 10:46
(Sharecast News) - UK officials have reportedly raised fears that Drax may divert £2bn of planned investment in carbon capture to the US, lured by President Joe Biden's massive package of green subsidies.
Read moreDrax workers accept pay deal, strikes called off
6th Mar 2023 07:17
(Sharecast News) - Workers at a Drax power station in Yorkshire have called off strikes after accepting a pay deal.
Read moreDrax nearly doubles full-year profits, plans investment push
23rd Feb 2023 07:56
(Sharecast News) - Drax Group nearly doubled its full-year operating profits even as it continued to invest heavily in the business.
Read moreJPMorgan lifts Drax price target, expects strong 2023 guidance
14th Feb 2023 11:58
(Sharecast News) - JPMorgan Cazenove lifted its price target on Drax on Tuesday to 900p from 850p and said it remains on its "Positive Catalyst Watch" into results later this month.
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