FTSE 250 movers: Acacia Mining sparkles, Plus500 tumbles
15th Feb 2019 15:15
(Sharecast News) - London's FTSE 250 rose by 0.63% to 19,016.43 on Friday afternoon, with precious metals miner Acacia Mining heading up the advance.
Read moreDrax kicks off first biomass carbon capture scheme
8th Feb 2019 09:35
(Sharecast News) - Drax is the first company in the world to capture carbon dioxide from its biomass-burning power station as it looks to become the first in the industry with negative emissions.
Read moreDrax, Iberdrola amend deal on asset sale after EU court ruling
3rd Dec 2018 07:30
(Sharecast News) - UK power generator Drax said it had revised the terms of its £702m purchase of Scottish Power assets after an EU court ruled Britain must stop a back-up power scheme aimed at avoiding electricity shortages.
Read moreJefferies downgrades Drax to 'hold'
30th Oct 2018 16:11
(Sharecast News) - Analysts at Jefferies downgraded Drax from 'buy' to 'hold' on Tuesday, stating it was "unconvinced" the recent gains in the electrical power generation outfit's share price would continue.
Read moreDrax appoints Andy Skelton as new CFO
25th Oct 2018 11:38
(Sharecast News) - Drax appointed Andy Skelton to the role of chief financial officer on Thursday.
Read moreScottish Power goes 100% wind power after £700m Drax deal
16th Oct 2018 07:22
(Sharecast News) - Scottish Power on Tuesday sold the last of its fossil fuel operations to Drax for for £702m (€801m) as it became the first UK firm to generate 100% of its electricity from wind power.
Read moreDrax in talks to buy assets from Iberdrola
24th Sep 2018 07:50
(Sharecast News) - Drax confirmed on Monday that it is in talks with Spain's Iberdrola about the potential acquisition of a UK portfolio of pumped storage, renewable hydro and gas-fired generation assets.
Read moreSunday share tips: PureTech, Drax
19th Aug 2018 18:07
(Sharecast News) - In her 'Inside the City' column for the Sunday Times, Sabah Meddings set her attention on PureTech, and its novel solution to the alarming rate at which Ritalin has been prescribed to children with attention deficit disorder - a prescription video game.
Read moreThursday broker round-up
26th Jul 2018 13:01
(Sharecast News) - Beazley: Berenberg upgrades to buy with a target price of 640p.
Read moreDrax earnings slide in first half after unplanned outages
24th Jul 2018 08:22
(Sharecast News) - Drax Group posted its half-year results to 30 June on Tuesday, reporting that while its full-year expectations remained unchanged, its first half was impacted by two unplanned outages.
Read moreFriday broker round-up
17th Feb 2017 09:19
(ShareCast News) - AstraZeneca: Jefferies reiterates Buy with a target price of 5250p. BT Group: Jefferies reiterates Hold with a target price of 325p. Standard Life: Macquarie reiterates Outperform with a target price of 450p. Cobham: Goldman Sachs reiterates Sell with a target price of 88p. Dra
Read moreDrax pleased with operations despite earnings plunge
16th Feb 2017 07:18
(ShareCast News) - Electricity generation company Drax Group posted its preliminary results for the 2016 calendar year on Thursday, reporting a "good operational performance", with 65% of electricity generated from renewable biomass during the year and progress made with its strategic initiatives. T
Read moreJPMorgan rates Drax at 'overweight'
14th Feb 2017 09:51
(ShareCast News) - JPMorgan Cazenove has moved to an 'overweight' rating on Drax, which was previously not rated, and rated at 'neutral' before that. It said a new strategy, the acquisition of Opus Energy, and State aid approval for its biomass CfD by the European Commission put Drax on a path to a
Read moreTuesday broker round-up
14th Feb 2017 09:07
(ShareCast News) - Antofagasta: Bank of America Merill Lynch upgrades to Buy with a target price of 1050p. Reckitt Benckiser: Berenberg reiterates Buy with a target price of 8500p. British American Tobacco: Citigroup reiterates Buy with a target price of 5600p. Glencore: Deutsche Bank reiterates H
Read moreTelecom Plus sells stake in energy business to Drax Group for £71m
10th Feb 2017 11:07
(ShareCast News) - FTSE 250 listed gas, electricity and broadband provider Telecom Plus has completed the sale of its 20% stake in Opus Energy Group to Drax Group, a electrical power generation firm, for about £71m. Following approval by the European Commision, Drax bought the stake in Opus Energy a
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