Drax Group Plc

Type: Company
Name: Drax Group Plc (Drax Group PLC)
First reported 1 hour ago - Updated 1 hour ago - 1 reports

EUROPE MARKETS: European Stocks Ease; Ericsson Drops After Results

By Carla Mozee, MarketWatchLONDON (MarketWatch) -- European stocks lost ground Wednesday, with LM Ericsson AB among the decliners pulling the region's benchmark index back from its hefty gain in the previous session.The Stoxx Europe 600 shed 0.4% to ... [Published 4 Traders - 1 hour ago]
First reported 6 hours ago - Updated 2 hours ago - 2 reports

U.K. Awards Guaranteed Power Price Contracts to Drax, Dong

(Updates with comments from Davey from 10th paragraph.)April 23 (Bloomberg) -- Drax Group Plc, Dong Energy A/S and SSE Plc will get guaranteed power prices for U.K. biomass and offshore wind plants, the first renewable energy projects to benefit from ... [Published Washington Post - 2 hours ago]
First reported 7 hours ago - Updated 2 hours ago - 1 reports

DRAX : UK awards subsidy contracts to 8 renewable energy projects

The British government on Wednesday awarded investment contracts under a new subsidy regime to eight renewable energy projects, including five offshore wind farms and three biomass plants.The projects together are worth 12 billion pounds and will support ... [Published 4 Traders - 7 hours ago]
First reported 5 hours ago - Updated 2 hours ago - 6 reports

Drax Group committed to sustainable power

Source: SMWCharles Berry, chairman of Drax Group, told shareholders at today's AGM that the company's commitment to becoming a leading provider of sustainable power is stronger than ever.He said: "As a Group we made significant progress in this respect ... [Published Telegraph - 2 hours ago]
First reported 3 hours ago - Updated 3 hours ago - 1 reports

MARKET COMMENT: Stocks Trade Mixed While Euro Gains On Strong Data

LONDON ( Alliance News ) - Stocks indices are trading mixed across the UK and Europe Wednesday, with no clear direction evident despite some stand-out stock movers, while the euro has risen in response to strong PMI numbers and the pound has fallen after ... [Published HispanicBusiness.com - 3 hours ago]
First reported 7 hours ago - Updated 7 hours ago - 1 reports

FTSE100 tipped to open flat to slightly lower this morning

PRE-OPEN REPORT: The headline index is tipped to open flat to slightly lower this morning, according to financial websites, as investors fret over the continuing slowdown in China, ahead of a busy day for blue chip earnings......US & ASIAIn the US last ... [Published MoneyAM - 7 hours ago]
First reported Apr 21 2014 - Updated Apr 22 2014 - 2 reports

Drax Group Plc Given Average Rating of “Buy” by Analysts (LON:DRX)

Tweet[embedded content]Shares of Drax Group Plc (LON:DRX) have earned an average recommendation of “Buy” from the eighteen ratings firms that are presently covering the company, StockRatingsNetwork reports . One investment analyst has rated the stock ... [Published Zolmax News - Apr 22 2014]
First reported Apr 21 2014 - Updated Apr 21 2014 - 1 reports

Drax Group receives "first of its kind" £80 million purchasing facility

North Yorkshire’s Drax Group has completed a £80 million renewable energy receivables purchasing facility with Lloyds Bank to free up cash flow.It is believed to be a "first-of-its-kind" deal on this scale.Electricity generators like Drax earn Renewables ... [Published B Daily - Apr 21 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Is Drax's financial support from UK Govt unlawful?

Following a joint complaint by Friends of the Earth and Bristol Community Energy Limited, the European Commission (EC) has confirmed that it’s investigating financial support provided by the UK Government for the electricity firm’s project to convert ... [Published Friends of the Earth UK - Apr 17 2014]
First reported Apr 14 2014 - Updated Apr 14 2014 - 1 reports

Drax Group Plc Stock Rating Reaffirmed by Societe Generale (DRX)

Tweet[embedded content]Drax Group Plc (LON:DRX) ‘s stock had its “sell” rating reaffirmed by research analysts at Societe Generale in a report released on Thursday, Analyst Ratings Network.com reports. They currently have a GBX 710 ($11.88) price target ... [Published Zolmax News - Apr 14 2014]
First reported Apr 11 2014 - Updated Apr 11 2014 - 1 reports

FTSE 250 movers: African Barrick climbs on rating upgrade

African Barrick Gold rose after Numis raised its target price from 170p to 260p and upgraded the miner from 'sell' to 'hold'.Drax also climbed following Deutsche Bank's decision to reiterate its 'buy' rating on the stock.Technology group Pace and biotech-focused ... [Published BullBearings - Apr 11 2014]
First reported Mar 28 2014 - Updated Mar 28 2014 - 1 reports

Drax Group Plc : Additional Listing

DRAX GROUP PLC(Symbol: DRX)Application has been made to the UK Listing Authority for the block listing of 255,000 ordinary shares of 11These shares will be issued in connection with the Drax Group plcAdmission is expected to be effective on 1 April 2 ... [Published Investegate - Mar 28 2014]

Quotes

...From the perspective of the European Central Bank, the PMIs "are certainly not strong enough to preclude any ECB intervention if other economic indicators disappoint ... but the news from today's surveys is, on balance, moderately encouraging" said Ashley
"We delivered high generation output for the fourth consecutive year and benefited from the high availability and reliability of our generating plant. The carbon footprint of our generation activity saw a significant reduction as a result of converting our first generating unit to biomass - some 1.6m tonnes of sustainable biomass were burnt during the year."
With the UK economy firing on all cylinders, the market is likely to increasingly look for the first vote in favour of a rate hike at the BoE. "If this trend continues, which seems likely, then the May meeting could well see some policymakers looking to dissent from the consensus view and start pushing for measures to tighten policy" said CMC Markets chief market analyst Michael Hewson
The company explained it took legal advice over the decision to exclude the second unit, which it said confirmed it has "a good foundation to challenge this decision by the government"

More Content

All (52) | News (48) | Reports (0) | Blogs (2) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
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EUROPE MARKETS: European Stocks Ease; Ericsson ... [Published 4 Traders - 1 hour ago]
U.K. Awards Guaranteed Power Price Contracts to... [Published Washington Post - 2 hours ago]
European Market Update: Markets Pick Up As EU E... [Published Action Forex - 2 hours ago]
Drax Group committed to sustainable power [Published Telegraph - 2 hours ago]
Drax Group Plc : AGM Statement [Published Investegate - 3 hours ago]
MARKET COMMENT: Stocks Trade Mixed While Euro G... [Published HispanicBusiness.com - 3 hours ago]
Drax dives after government modifies decision o... [Published Digital Look - 4 hours ago]
Drax Sues U.K. Govt Over Rejection Of Investmen... [Published RTTNews.com - 5 hours ago]
Drax to fight investment contract decision [Published MoneyAM - 5 hours ago]
EUROPEAN EQUITY OPENING HEADLINES INCLUDING: US... [Published Proactiveinvestors United Kingdom RSS feed - 5 hours ago]
DRAX : Commences Legal Proceedings Over Governm... [Published 4 Traders - 5 hours ago]
U.K. Awards Guaranteed Power Price Contracts to... [Published Bloomberg - 6 hours ago]
DRAX : UK awards subsidy contracts to 8 renewab... [Published 4 Traders - 7 hours ago]
FTSE100 tipped to open flat to slightly lower t... [Published MoneyAM - 7 hours ago]
Drax Group Plc Given Average Rating of “Buy” by... [Published Zolmax News - Apr 22 2014]
Week ahead in business and economics: April 22 ... [Published Telegraph - Apr 21 2014]
Drax Group Plc Receives Consensus Rating of “Bu... [Published Mideast Time - Apr 21 2014]
Drax Group receives "first of its kind" £80 mil... [Published B Daily - Apr 21 2014]
Is Drax's financial support from UK Govt unlawful? [Published Friends of the Earth UK - Apr 17 2014]
Drax Group Plc Stock Rating Reaffirmed by Socie... [Published Zolmax News - Apr 14 2014]
FTSE 250 movers: African Barrick climbs on rati... [Published BullBearings - Apr 11 2014]
London midday: Tech and airline stocks drag UK ... [Published BullBearings - Apr 11 2014]
FTSE 250 movers: Rathbone Brothers up on AuM in... [Published BullBearings - Apr 02 2014]
Drax Group Plc : Total Voting Rights [Published Investegate - Apr 01 2014]
Stock Exch Notice : Admission to Trading - 01/0... [Published Investegate - Apr 01 2014]
Drax Group Plc : Additional Listing [Published Investegate - Mar 28 2014]
Overseas Stocks - March 27 (update) [Published Trading Room - Mar 26 2014]
London open: Stocks at two-wee... [Published Digital Look - Mar 26 2014]
Incentives approved for two La. projects [Published The Advocate - Mar 22 2014]
Drax Group Plc Receives “Buy” Rating from Deuts... [Published Mideast Time - Mar 20 2014]
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