Drax strikes CfD deal with government for power generation beyond 2027
10th Feb 2025 09:06
(Sharecast News) - Drax Group announced a preliminary agreement with the UK government to continue operating its North Yorkshire power station beyond 2027 on Monday, under a new low-carbon, dispatchable Contract for Difference (CfD) scheme.
Read moreDrax strikes multi-year supply deal with Pathway Energy
12th Dec 2024 09:29
(Sharecast News) - Power firm Drax has struck a multi-year deal with Pathway Energy for the supply of biomass pellets to the latter's proposed sustainable aviation fuel project in the US.
Read moreDrax CFO announces plans to retire
4th Dec 2024 07:39
(Sharecast News) - Power generation company Drax said chief financial officer Andy Skelton was retiring his position and as an executive director.
Read moreLondon close: Stocks sink as UK jobless rate rises
12th Nov 2024 16:39
(Sharecast News) - London stocks fell sharply on Tuesday as investors digested recent UK employment data alongside broader market reactions to Donald Trump's US presidential victory last week.
Read moreDrax FY underlying profits set to top £1bn
12th Nov 2024 09:39
(Sharecast News) - Power generation business Drax said on Tuesday that full-year profits looked set to top £1.0bn on the back of a strong performance from its electricity and pellet business.
Read moreLondon close: Stocks finish higher as BoE holds rates
19th Sep 2024 16:03
(Sharecast News) - London stocks closed higher on Thursday, buoyed by the Bank of England's widely-expected decision to leave interest rates unchanged.
Read moreLondon close: Stocks mixed as investors digest fresh US data
29th Aug 2024 15:12
(Sharecast News) - London's stock markets closed in a mixed state on Thursday, as investors reacted to fresh economic data from the United States, including the latest GDP and jobless claims numbers.
Read moreOfgem closes probe into Drax reporting data
29th Aug 2024 07:21
(Sharecast News) - Ofgem has closed its probe into the biomass profiling data of Drax after investigating whether or not the power station group failed to meet sustainability criteria of so-called Renewable Obligation Certificates (ROCs).
Read moreDrax strikes £450m sustainability-linked RCF
20th Aug 2024 08:55
(Sharecast News) - Power generation business Drax said on Tuesday that it has struck a new sustainability-linked £450.0m revolving credit facility.
Read moreJefferies hikes Drax target by 25% after strong interim results
29th Jul 2024 09:46
(Sharecast News) - Jefferies has hiked its target price for power station operator Drax by 25% after a "confident" presentation from the firm in last week's interim results gave the market increased visibility over the future outlook.
Read moreLondon close: Stocks finish higher as US inflation slows
26th Jul 2024 14:35
(Sharecast News) - London stocks ended the week on a positive note on Friday, with NatWest a standout performer, as investors digested a dip in inflation from across the pond.
Read moreDrax posts jump in 1H profits
26th Jul 2024 07:41
(Sharecast News) - Drax Group posted a big jump in interim profits, alongside lower debt and higher dividends.
Read moreDrax sells meter point assets
26th Jun 2024 07:21
(Sharecast News) - Drax said it was selling up to 90,000 small & medium-sized (SME) customer meter points from Opus Energy Group to EDF Energy Customers Limited for an undisclosed sum.
Read moreLondon close: Stocks slip on UK election, US jobless claims
23rd May 2024 16:46
(Sharecast News) - London stocks ended lower on Thursday, mirroring Wall Street's decline as jobless claims in the US fell more than anticipated.
Read moreDrax 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.
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