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Pin to quick picksDrax Share News (DRX)

Share Price Information for Drax (DRX)

London Stock Exchange
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Share Price: 492.20
Bid: 487.60
Ask: 488.40
Change: -7.80 (-1.56%)
Spread: 0.80 (0.164%)
Open: 490.60
High: 502.00
Low: 485.40
Prev. Close: 500.00
DRX Live PriceLast checked at -

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Industrial action will not lead to power cuts, Drax insists

Wed, 08th Feb 2023 08:30

(Sharecast News) - Drax Group has insisted that the UK's electricity supply will not be affected after workers voted in favour of industrial action.

Unite has announced nine strike days, starting on 20 and 27 February and continuing through March into April.

Members voted in favour of industrial action after rejecting an 8% pay offer. The union argued that with inflation at record highs, the offer represented a real terms pay cut.

London-listed Drax can generate around 7% of the UK's electricity when fully operational, and Unite warned on Wednesday that industrial action would "close Drax down", leading to possible power cuts.

Regional officer Shane Sweeting said: "The strike action at Drax will inevitably cause considerable strain on the National Grid, but this dispute is completely of the company's own making."

However, Drax insisted the electricity supply would not be affected. A spokesperson told Reuters: "In the event of industrial action, Drax has robust plans in place to ensure the power station continues to safely generate renewable electricity for millions of homes and businesses."

Unite represents around half of Drax's 471 production staff, the firm added.

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23 Feb 2022 20:11

TRADING UPDATES: BiVictriX expands development; Okyo wins US patent

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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23 Feb 2022 10:02

UK electricity 2025/26 capacity auction clears at 30.59 pounds/kW/yr

Feb 23 (Reuters) - Britain's auction to ensure enough electricity capacity for 2025/26 has cleared at a 30.59 pounds ($41.54) per kilowatt (kW) per year range, National Grid said.

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17 Feb 2022 16:08

UK earnings, trading statements calendar - next 7 days

Friday 18 February  
NatWest Group PLCFull Year Results
Pod Point Group Holdings PLCFull Year Results
Segro PLCFull Year Results
TBC Bank Group PLCFull Year Results
Monday 21 February 
Bank of Cyprus Holdings PLCFull Year Results
Dechra Pharmaceuticals PLCHalf Year Results
Finsbury Food Group PLCHalf Year Results
Sylvania Platinum LtdHalf Year Results
Tristel PLCTrading Statement
Wilmington PLCHalf Year Results
Tuesday 22 February 
Antofagasta PLCFull Year Results
Bank of Georgia Group PLCFull Year Results
Benchmark Holdings PLCQ1 Results
Blancco Technology Group PLCHalf Year Results
Bluefield Solar Income Fund LtdHalf Year Results
Coca-Cola HBC AGFull Year Results
Hargreaves Lansdown PLCHalf Year Results
HSBC Holdings PLCFull Year Results (at 0400 GMT)
InterContinental Hotels Group PLCFull Year Results
Oxford Cannabinoid Technologies Holdings PLCHalf Year Results
Smith & Nephew PLCFull Year Results
Springfield Properties PLCHalf Year Results
Synectics PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wednesday 23 February 
Aston Martin Lagonda Global Holdings PLCFull Year Results
Barclays PLCFull Year Results
Capital & Counties Properties PLCFull Year Results
CAP-XX LtdHalf Year Results
Georgia Capital PLCFull Year Results
International Personal Finance PLCFull Year Results
Irish Residential Properties REIT PLCFull Year Results
Metro Bank PLCFull Year Results
Hochschild Mining PLCFull Year Results
Photo-Me International PLCFull Year Results
Rio Tinto PLCFull Year Results
Seraphim Space Investment Trust PLCHalf Year Results
Ted Baker PLCTrading Statement
Unite Group PLCFull Year Results
Thursday 24 February 
Anglo American PLCFull Year Results
BAE Systems PLCFull Year Results
Centrica PLCFull Year Results
Conduit Holdings LtdFull Year Results
Derwent London PLCFull Year Results
Drax Group PLCFull Year Results
Genus PLCHalf Year Results
Hays PLCHalf Year Results
Hikma Pharmaceuticals PLCFull Year Results
Howden Joinery Group PLCFull Year Results
Inchcape PLCFull Year Results
Lloyds Banking Group PLCFull Year Results
Macfarlane Group PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
Rathbone Group PLCFull Year Results
Ricardo PLCHalf Year Results
Rolls-Royce Holdings PLCFull Year Results
Serco Group PLCFull Year Results
Spectris PLCFull Year Results
St James's Place PLCFull Year Results
Tremor International LtdFull Year Results
WPP PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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25 Jan 2022 09:57

LONDON BROKER RATINGS: Credit Suisse likes Hargreaves Lansdown, abrdn

LONDON BROKER RATINGS: Credit Suisse likes Hargreaves Lansdown, abrdn

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22 Dec 2021 15:47

DIRECTOR DEALINGS: Conygar team buy at placing price; Drax CEO sells

DIRECTOR DEALINGS: Conygar team buy at placing price; Drax CEO sells

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20 Dec 2021 09:38

LONDON BROKER RATINGS: Shore raises Keywords; HSBC cuts boohoo

LONDON BROKER RATINGS: Shore raises Keywords; HSBC cuts boohoo

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19 Dec 2021 17:51

Sunday newspaper round-up: Omicron, Cineworld, Imagination Technologies

(Sharecast News) - Omicron may yet force the health secretary to impose tougher Covid restrictions in England before Christmas. In remarks to the BBC's Andrew Marr Show, Sajid Javid said: "there's a lot of uncertainty, there are gaps in the data, but we must work with the data we've got, we mustn't let perfection be the enemy of the good." The government's Sage committee has warned that hospitalisations might peak at between 3,000 and 10,000 per day unless action is taken. - Guardian

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15 Dec 2021 11:05

Drax appointd Worley Europe to begin study of carbon capture project

Drax appointd Worley Europe to begin study of carbon capture project

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15 Dec 2021 07:57

Drax appoints Worley to begin FEED study on BECCS project

(Sharecast News) - Power generation firm Drax said on Wednesday that it had appointed Worley Europe to begin a front-end engineering design (FEED) study for its bioenergy with carbon capture and storage (BECCS) project.

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14 Dec 2021 11:22

Drax builds biomass pellet sales business with Pacific BioEnergy deal

Drax builds biomass pellet sales business with Pacific BioEnergy deal

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14 Dec 2021 07:58

LONDON MARKET PRE-OPEN: Drahi ups BT stake; legal win for Ocado

LONDON MARKET PRE-OPEN: Drahi ups BT stake; legal win for Ocado

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14 Dec 2021 07:50

Drax subsidiary acquires pellet sales contract book of Pacific BioEnergy

(Sharecast News) - Power generation business Drax Group said on Tuesday that its Pinnacle Renewable Energy subsidiary had agreed to acquire the pellet sales contract book of Pacific BioEnergy Corporation, adding 2.8 megatonnes of orders for sustainable biomass supply to high-quality counterparties in Japan and Europe.

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2 Dec 2021 09:52

LONDON BROKER RATINGS: Upgrades for Old Mutual and Superdry; Drax cut

LONDON BROKER RATINGS: Upgrades for Old Mutual and Superdry; Drax cut

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2 Dec 2021 09:33

Citi downgrades Drax on less attractive risk/reward

(Sharecast News) - Citi downgraded its stance on Drax on Thursday to 'neutral' from 'buy' as it said the risk/reward was less attractive following a 50% share price rise over the last six months.

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1 Dec 2021 17:04

LONDON MARKET CLOSE: Stocks rebound as BioNTech CEO comments reassure

LONDON MARKET CLOSE: Stocks rebound as BioNTech CEO comments reassure

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