London close: Stocks weaker in wake of Nvidia results
28th Aug 2025 17:31
(Sharecast News) - London stocks ended lower on Thursday as investors reacted to underwhelming second-quarter earnings from US chipmaker Nvidia, while a raft of UK-listed companies traded ex-dividend.
Read moreFCA investigating Drax over biomass sourcing statements
28th Aug 2025 07:23
(Sharecast News) - Drax tumbled on Thursday after saying it is being investigated by the Financial Conduct Authority over statements regarding biomass sourcing.
Read moreDrax hikes interim dividend despite H1 EBITDA fall
31st Jul 2025 08:12
(Sharecast News) - Power company Drax said on Thursday that both revenue and underlying earnings had fallen in the six months ended 30 June
Read moreLondon close: FTSE finishes flat ahead of Trump tariff deadline
4th Jul 2025 17:48
(Sharecast News) - London stocks ended Thursday little changed at the top tier but weaker further down the board, as investors weighed fresh economic data and cautious sentiment ahead of Donald Trump's 9 July tariff deadline next week.
Read moreJPMorgan resumes coverage of Drax at 'overweight'
4th Jul 2025 09:33
(Sharecast News) - JPMorgan Cazenove resumed coverage of Drax on Friday with an 'overweight' rating and 1,000 price target after a period of restriction.
Read moreDrax taps Frank Lemmink for CFO
1st Jul 2025 07:46
(Sharecast News) - Energy firm Drax has tapped Frank Lemmink to take over from Andy Skelton as chief financial officer, with effect from 1 September.
Read moreJefferies resumes coverage of Drax at 'buy'
2nd Jun 2025 13:30
(Sharecast News) - Jefferies resumed coverage of Drax on Monday with a 'buy' rating and 750p price target, saying it was "resilient" amid uncertainty.
Read moreDrax lets proposed HEIT acquisition lapse
30th May 2025 08:02
(Sharecast News) - Drax Group's proposed acquisition of Harmony Energy Income Trust (HEIT) lapsed on Friday, after key conditions were not met by the agreed deadline.
Read moreDrax sees FY at top end of estimates
1st May 2025 08:24
(Sharecast News) - UK power company Drax said 2025 adjusted core profit would be at the top end of analyst consensus estimates, driven by strong pellet production and biomass generation.
Read moreSunday newspaper round-up: India-Pakistan, Drax group, Shein
27th Apr 2025 20:51
(Sharecast News) - Indian Navy ships test-fired missiles on Sunday to demonstrate the country's ability to launch "long-range, precision offensive" strikes. The move follows rising tensions with Pakistan after an attack on civilians at a tourist site in Kashmir. Also at the weekend, Pakistan's railway minister warned that Islamabad's arsenal of over 130 missiles was "not kept as models". - Guardian
Read moreHarmony board drops Drax bid in favour of Foresight offer
17th Apr 2025 11:09
(Sharecast News) - Harmony Energy Income Trust (HEIT) announced on Thursday that it has agreed to a recommended cash acquisition by PP Bidco, a company indirectly controlled by funds managed by Foresight Group.
Read moreDrax signs JV deal to process byproduct for building industry
27th Mar 2025 07:04
(Sharecast News) - Drax said it has agreed a 20-year joint venture agreement with Power Minerals to build a facility to process pulverised fuel ash into material which can be sold to the construction industry and used in the production of cement with a lower carbon footprint.
Read moreDrax to buy Harmony Energy Income Trust in £199.9m deal
25th Mar 2025 08:00
(Sharecast News) - Drax said on Tuesday that it has agreed to buy Harmony Energy Income Trust - a company that invests in battery energy storage systems in the UK - for around £199.9m.
Read moreDrax profits rise on renewable power generation
27th Feb 2025 07:54
(Sharecast News) - UK energy provider Drax on Thursday posted an increase in annual profit driven by an increase in renewable power generation, but said it would lower investment on infrastructure such as carbon storage until it received more clarity from the government on investment returns.
Read moreLondon close: Stocks rise after Trump announces 25pc steel tariffs
10th Feb 2025 16:11
(Sharecast News) - London stocks ended higher on Monday as investors shrugged off US president Donald Trump's latest tariff announcement, of a 25% duty on steel imports across the board.
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