Drax sees ?60m hit from virus; customers business to report loss
22nd Apr 2020 07:44
(Sharecast News) - Power generation company Drax said on Wednesday that core profit for 2020 should be in line with market expectations despite a potential ?60m hit from the coronavirus pandemic, although the customer business is expected to make a loss.
Read moreDrax provisionally secures ?37m of capacity agreements
9th Mar 2020 08:48
(Sharecast News) - Drax said on Monday that it has provisionally secured agreements to provide a total of 2,562MW of capacity from its existing gas, pumped storage and hydro assets in the latest T-4 capacity auction.
Read moreDrax to end commercial coal generation in 2021
27th Feb 2020 11:25
(Sharecast News) - Drax will end commercial coal generation in 2021 with the loss of up to 230 jobs, the power generation company said.
Read moreRBC stays positive on Renewables, downgrades Drax
12th Feb 2020 13:28
(Sharecast News) - Analysts at RBC sounded a positive note on the outlook for renewables, but less so in the case of Drax and SSE.
Read moreDrax pauses energy market bids after UK legal action
3rd Feb 2020 08:13
(Sharecast News) - Power generator Drax on Monday said it would not participate in future capacity market auctions until the outcome of a judicial review of the UK government's decision to approve a controversial gas power plant in Yorkshire.
Read moreDrax lifts biomass self-supply target as it reiterates FY guidance
19th Nov 2019 08:33
(Sharecast News) - Power generator Drax on Tuesday said it was targeting biomass self-supply capacity of 5m tonnes by 2027 as it reiterated full year trading guidance.
Read moreDrax surges on report EC set to OK ?1bn UK power back-up plan
4th Oct 2019 15:56
(Sharecast News) - Drax shares powered ahead on Friday following a report that the European Commission is set to give the go-ahead for UK power companies to receive around £1bn to help with the costs of maintaining extra generation in the event of outages.
Read moreFTSE 250 movers: Drax surges, Homeserve falls
4th Oct 2019 14:23
(Sharecast News) - London's FTSE 250 was up 0.27% at 19,399.63 in afternoon trade on Friday, with Drax Group leading the index higher.
Read moreWednesday broker round-up
19th Jun 2019 13:04
(Sharecast News) - Just Eat: UBS downgrades to neutral with a target price of 650p.
Read moreFTSE 250 movers: Just Group climbs, Woodford slips
10th Jun 2019 15:06
(Sharecast News) - London's FTSE 250 was 0.28% higher at 19,285.39 in afternoon trading on Monday, as Just Group led the index higher.
Read moreDrax part-refinances acquisition facility with dollar-denominated notes
17th May 2019 07:48
(Sharecast News) - Drax Group announced on Friday that its indirect wholly-owned subsidiary Drax Finco has completed and settled its offering of US dollar-denominated 6.625% senior secured notes due 2025, in an aggregate principal amount of $200m.
Read moreFTSE 250 movers: Petrofac plunges, Moneysupermarket marches forth
18th Apr 2019 14:18
(Sharecast News) - London's FTSE 250 index was down 0.26% at 19,806.40 in afternoon trade on Thursday, with Petrofac dragging the index downwards.
Read moreThursday broker round-up
14th Mar 2019 13:22
(Sharecast News) - Savills: Peel Hunt downgrades to hold with a target price of 925p.
Read moreWednesday broker round-up
27th Feb 2019 13:13
(Sharecast News) - Tullow Oil: Jefferies downgrades to hold with a target price of 222p.
Read moreDrax earnings rise as it looks for further investment opportunities
26th Feb 2019 08:52
(Sharecast News) - Drax Group announced a 9% improvement in group adjusted EBITDA in its full-year results on Tuesday, to £250m, which it said was a result of continued strength in its cash generation and balance sheet.
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