Drax Share News (DRX)

Drax nearly doubles full-year profits, plans investment push

(Sharecast News) - Drax Group nearly doubled its full-year operating profits even as it continued to invest heavily in the business.

IN BRIEF: Drax signs GBP37 million energy provision agreements

Drax Group PLC - Yorkshire, England-based power generator - Confirms that it has provisionally secured agreements to provide a total of 621 megawatts of capacity, principally from its pumped storage and hydro assets. It didn't specify with whom it had signed.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: Citigroup starts Inchcape with 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

JPMorgan lifts Drax price target, expects strong 2023 guidance

(Sharecast News) - JPMorgan Cazenove lifted its price target on Drax on Tuesday to 900p from 850p and said it remains on its "Positive Catalyst Watch" into results later this month.

LONDON BROKER RATINGS: Deutsche Bank double-upgrades easyJet to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Industrial action will not lead to power cuts, Drax insists

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

Sunday newspaper round-up: Coal-fired power plants, Metro Bank, Asda

(Sharecast News) - National Grid has called on coal-fired power plants to prepare to supply power on Monday given that temperatures are expected to remain near zero even as wind speeds remain low. The notifications that they should be ready - if needed - were served to three coal units owned by Drax and EdF. The plants had been scheduled to close in September but that decision was pushed back until 2024 due to soaring gas prices in the wake of Russia's war on Ukraine. According to Bloomberg data, UK futures remain at over the twice the level typically seen at this time of the year. - The Sunday Telegraph

Drax to pay £6.1m fine for breaching licence

(Sharecast News) - Ofgem said on Friday that electricity firm Drax has agreed to pay a £6.1m fine for breaching its energy generation licence by charging National Grid excessive prices to reduce power generation.

LONDON BROKER RATINGS: Citigroup cuts Wizz Air; Redburn likes CRH

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning, Monday and late Friday:

LONDON BROKER RATINGS: Goldman Sachs cuts Diageo price target

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

LONDON BRIEFING: UK strikes continue; AstraZeneca wins Japan approvals

(Alliance News) - Stocks in London are set to open higher on Wednesday as UK markets returned to business following the Christmas break.

LONDON BROKER RATINGS: Stifel raises Next to buy, cuts boohoo to hold

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

CORRECT: LONDON MARKET CLOSE: Stocks down as BoE and ECB lift rates

(Correcting CAC 40 and DAX percentage changes.)

LONDON MARKET CLOSE: Stocks down as BoE and ECB lift rates

(Alliance News) - Equities in London closed lower on Thursday as interest rate hikes from the Bank of England and the European Central Bank, as well as bleak economic forecasts, sent a chill through global markets.