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Drax

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Reuters - 4 days ago

4Imprint, Admiral Group, Prudential

EUROPE RESEARCH ROUNDUP-4Imprint, Admiral Group, Prudential Nov 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including 4Imprint, Admiral Group and Prudential, on Monday. HIGHLIGHTS * 4Imprint FOUR.L : HSBC cuts target price to 5830p from 6370p * Admiral Group Plc ADML.L : Barclays raises target price to 3326p from 3157p * Intermediate Capital Group Plc ICGIN.L : Citigroup raises PT to 2660p from 2610p * Prudential Plc PRU.L : Barclays
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Reuters - 1 week ago

UK Stocks-Factors to watch on Nov. 13

UPDATE 1-UK Stocks-Factors to watch on Nov. 13 Adds new items, updates futures Nov 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.2%. * THAMES WATER: British water company Thames Water said that creditors holding more than 75% of its Class A debt had backed an agreement in support of a funding proposal, giving it breathing space as it tries to shore up its finances.
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Reuters - 1 week ago

Earnings, China worries drag FTSE 100 to 3-month low

UPDATE 1-Earnings, China worries drag FTSE 100 to 3-month low FTSE 100 down 1.2%; FTSE 250 down 1.4% Miners fall as copper hits 2-motnh low Q3 avg wk earnings (ex-bonus) ease to 4.8% Updated at 1650 GMT By Pranav Kashyap Nov 12 (Reuters) - London's benchmark index hit its lowest point in over three months on Tuesday, fuelled by concerns that U.S. president-elect Donald Trump could appoint a China hawk as a leading diplomat, along with some disappointing corporate updates.
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Reuters - 1 week ago

UK's Drax hits nearly 2-year high on upbeat annual profit forecast

BUZZ-UK's Drax hits nearly 2-year high on upbeat annual profit forecast ** Shares of British power generator DRX.L up 7% at 687p, its highest since Dec 2022 ** Stock top gainer on the FTSE mid cap index .FTMC which is down 0.8% ** Forecasts 2024 core earnings to be around top end of analysts' consensus of between 993 mln pounds to 1.04 bln pounds (
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Reuters - 1 week ago

UK's Drax forecasts annual core earnings around top end of market view

UPDATE 1-UK's Drax forecasts annual core earnings around top end of market view Adds details from statement in paragraph 2,3,5, background in 4, 6 Nov 12 (Reuters) - British power generator Drax DRX.L on Tuesday said it expects 2024 full year core earnings to be around the top end of analysts' consensus of between 993 million pounds to 1.04 billion pounds ($1.27 billion -$1.33 billion), on the back of strong pellet production and biomass generation.
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Reuters - 1 week ago

UK Stocks-Factors to watch on Nov 12

UPDATE 1-UK Stocks-Factors to watch on Nov 12 Adds new items, updates futures Nov 12 - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0 .4%. * ASTRAZENECA: Drugmaker AstraZeneca AZN.L lifted its annual sales and profit forecast for the second time in less than four months, helped by resilient demand for its cancer and rare diseases medicines, after third-quarter results beat estimates.
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Reuters - 1 week ago

Drax Sees FY24 Adjusted EBITDA Around Top End Of Analyst Estimates

BRIEF-Drax Sees FY24 Adjusted EBITDA Around Top End Of Analyst Estimates Nov 12 (Reuters) - Drax Group PLC DRX.L : DRAX GROUP PLC - TRADING UPDATE DRAX GROUP - FY24 EXPECTATIONS FOR ADJUSTED. EBITDA AROUND TOP END OF ANALYST ESTIMATES DRAX GROUP PLC - EXPECTS NET DEBT TO ADJUSTED. EBITDA TO BE AROUND 1X AT END OF 2024. Source text: ID:nRSL7940La Fu
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Reuters - 1 week ago

Carnival, Natwest Group, Unite Group

EUROPE RESEARCH ROUNDUP- Carnival, Natwest Group, Unite Group Nov 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Carnival, Natwest Group and Unite Group, on Tuesday. HIGHLIGHTS * Antofagasta ANTO.L : Barclays raises target price to 2000p from 1500p * Carnival Plc CCL.L : Morgan Stanley raises target price to 1550p from 1250p * GSK GSK.L : Jefferies cuts to hold from buy; cuts target price to 1525p from 2000p * Natwest Group Plc
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Reuters - 1 week ago

UK's Drax forecasts annual core earnings around top end of market view

UK's Drax forecasts annual core earnings around top end of market view Nov 12 (Reuters) - British power generator Drax DRX.L on Tuesday said it expects 2024 full year core earnings to be at around the top end of analysts' consensus of between 993 million pounds to 1.04 billion pounds ($1.27 billion -$1.33 billion). ($1 = 0.7808 pounds) Reporting by
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Reuters - 2 weeks ago

Britain's Drax says new gas plants' start delayed due to slow grid connection

Britain's Drax says new gas plants' start delayed due to slow grid connection LONDON, Nov 11 (Reuters) - British power generator Drax said the start of three new gas-fired power to early next year because of delays in getting the projects connected to the power grid, it said on Monday. The projects are expected to provide back-up power when not enough renewable electricity, from wind or solar projects available.
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Reuters - 1 month ago

Britain sets out funding model for renewable energy storage projects

UPDATE 1-Britain sets out funding model for renewable energy storage projects Adds company comment By Susanna Twidale LONDON, Oct 10 (Reuters) - Britain will offer developers of renewable energy storage projects, such as pumped hydro, a guaranteed minimum income to spur investment in technologies that help the country meet its climate targets. Britain is aiming to decarbonise its power sector by 2030. Meeting this target will require a large increase in renewable energy, such as wind and solar,
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Reuters - 2 months ago

UK’s Drax to invest up to $12.5 billion in US biomass power plants

UK’s Drax to invest up to $12.5 billion in US biomass power plants By Susanna Twidale LONDON, Sept 24 (Reuters) - British power generator Drax DRX.L could invest up to $12.5 billion developing biomass plants with carbon capture and storage (BECCS) in the United States over the next decade, it said on Tuesday. Drax, which generates around 6% of Britain's electricity, said it is still committed to the UK but sees opportunities in the U.S.
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Reuters - 2 months ago

Drax Commits $12.5 Bln For Us Power Plants As Group Is Lured By Ira Tax Breaks - FT

BRIEF-Drax Commits $12.5 Bln For Us Power Plants As Group Is Lured By Ira Tax Breaks - FT Sept 24 (Reuters) - DRAX COMMITS $12.5BN FOR US POWER PLANTS AS GROUP IS LURED BY IRA TAX BREAKS - FT Source text for Eikon: [ https://tinyurl.com/4caz85b7 ] Further company coverage: DRX.L
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Reuters - 2 months ago

UK Stocks-Factors to watch on Sept 19

UPDATE 1-UK Stocks-Factors to watch on Sept 19 Adds new items, updates futures Sept 19 - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0 .8%. * NEXT: British clothing retailer Next NXT.L said it was on track to make annual profit of almost 1 billion pounds ($1.3 billion) as it raised its outlook for the second time in two months after better-than-expected recent trading.
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Reuters - 2 months ago

Alcon, Rockwool, Zealand Pharma

EUROPE RESEARCH ROUNDUP- Alcon, Rockwool, Zealand Pharma Sept 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alcon, Rockwool and Zealand Pharma, on Tuesday. HIGHLIGHTS * Alcon AG ALCC.S : RBC raises to outperform from sector perform * Maersk MAERSKb.CO : JP Morgan resumes coverage with underweight rating; target DKK 8,575 * Rockwool ROCKB.CO : HSBC raises target price to DKK 3,200 from DKK 3,100 * Wizz Air WIZZ.L : JP Morgan cu
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Reuters - 3 months ago

British Business - Aug 30

PRESS DIGEST-British Business - Aug 30 Aug 30 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British power firm Drax Group DRX.L has come under further fire from environmentalists after it failed to report accurate sustainability data about the sourcing of the wood pellets it burns to generate electricity.
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Reuters - 3 months ago

UK's Drax Group rises on conclusion of Ofgem investigation

BUZZ-UK's Drax Group rises on conclusion of Ofgem investigation ** Shares of energy firm Drax Group DRX.L up 1.3% at 664p ** Ofgem closed investigation into Drax's biomass profiling data, confirming no evidence found that its biomass isn't sustainable ** Investigation has not found any evidence that Drax issued Renewable Obligation Certificates (RO
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Reuters - 3 months ago

UK's Drax to pay $33 mln after misreporting some biomass data

UPDATE 1-UK's Drax to pay $33 mln after misreporting some biomass data Updates throughout By Susanna Twidale LONDON, Aug 29 (Reuters) - Britain's energy regulator Ofgem said on Thursday power firm Drax DRX.L misreported some data about biomass imported from Canada and would pay 25 million pounds ($33 million) to Ofgem's voluntary redress fund. Drax, Britain's largest renewable power generator by output, has converted four coal-power units to use biomass and operates hydro power projects.
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Reuters - 3 months ago

UK energy regulator charges Drax Power with misreporting biomass profiling data

UK energy regulator charges Drax Power with misreporting biomass profiling data Aug 29 (Reuters) - Britain's energy regulator Ofgem said on Thursday power firm Drax DRX.L misreported biomass profiling data about the forestry type and sawlog content it used and will have to pay 25 million pounds ($33.1 million). Drax will make the payment to the regulator's voluntary redress fund.
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Reuters - 3 months ago

Drax To Resubmit CP20 Profiling Data For Canada

BRIEF-Drax To Resubmit CP20 Profiling Data For Canada Aug 29 (Reuters) - Drax Group PLC DRX.L : DRAX GROUP PLC - CLOSURE OF OFGEM INVESTIGATION DRAX GROUP PLC - RESUBMIT ITS CP20 PROFILING DATA FOR CANADA DRAX GROUP PLC - WILL MAKE A PAYMENT OF £25 MILLION INTO OFGEM'S VOLUNTARY REDRESS FUND DRAX: OFGEM HAVE CONFIRMED IT DID NOT FIND ANY EVIDENCE
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