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Drax


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JPM sees growth for UK utilities with investment boost, regulatory clarity

BUZZ-JPM sees growth for UK utilities with investment boost, regulatory clarity ** Shares in UK utilities .FTUB6510 up 0.5% at 727.3 pence vs FTSE 100 index .FTSE which is flat at 0.03% ** J.P. Morgan predicts continued growth for UK utilities with increase in investment and regulatory clarity ** Predicts rise in National Grid's NG.L and SSE's SSE.
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Labour win spells more regulatory clarity for UK utilities, JPM says

Labour win spells more regulatory clarity for UK utilities, JPM says July 5 (Reuters) - British utilities are expected to benefit from an increase in investment and regulatory clarity after the centre-left Labour Party's victory in the parliamentary election, analysts at JP Morgan said on Friday. The FTSE utilities index .FTUB6510 was up 0.6% by 0921 GMT, with gains led by British Gas owner Centrica CNA.L and power plant operator Drax DRX.L .
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ASMI, EasyJet, Kooth

EUROPE RESEARCH ROUNDUP-ASMI, EasyJet, Kooth July 3 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including ASMI, EasyJet and Kooth, on Wednesday. HIGHLIGHTS * ASMI ASMI.AS : Jefferies raises target price to EUR 880 from EUR 780 * B.P. Marsh & Partners Plc BPM.L : Jefferies raises target price to 625p from 560p * EasyJet EZJ.L : JP Morgan cuts target price to 640p from 670p * Kooth Plc KOO.L : Berenberg initiates coverage with buy rating;
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UK Stocks-Factors to watch on June 26

UPDATE 1-UK Stocks-Factors to watch on June 26 Adds news items, updates futures June 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.37%. * ASTRAZENECA: China has approved the use of AstraZeneca's blockbuster cancer drug Tagrisso in combination with chemotherapy as a first line of treatment for adults with a type of advanced lung cancer, the company said on Wednesday.
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Drax to sell 90,000 Opus customer meter points to EDF Energy Customers

Drax to sell 90,000 Opus customer meter points to EDF Energy Customers June 26 (Reuters) - Drax Group DRX.L , the UK's largest source of renewable electricity, said on Wednesday it has agreed to sell up to 90,000 small- and medium-sized (SME) customer meter points from its supply business Opus Energy to EDF Energy Customers Ltd. The asset sale for the majority of the Opus customer meter points follows the completion of a strategic review of the Drax's non-core SME energy supply business, the Lon
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Drax Group Sale Of SME Customer Book

BRIEF-Drax Group Sale Of SME Customer Book June 26 (Reuters) - Drax Group PLC DRX.L : DRAX GROUP PLC - SALE OF SME CUSTOMER BOOK DRAX GROUP PLC: AGREEMENT FOR SALE OF UP TO 90,000 SMALL & MEDIUM-SIZED CUSTOMER METER POINTS FROM OPUS ENERGY GROUP DRAX - REACHED AGREEMENT FOR SALE OF UP TO 90,000 SME CUSTOMER METER POINTS FROM OPUS ENERGY GROUP TO ED
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British utilities stocks fall sharply as election looms

British utilities stocks fall sharply as election looms May 23 (Reuters) - UK utilities led fallers in early London trading on Thursday after Prime Minister Rishi Sunak called a surprise election in July the previous day, raising concerns over political risk in the sector. Also adding pressure was National Grid NG.L announcing plans to raise about 7 billion pounds ($8.9 billion) through a rights issue.
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British Business - May 15

PRESS DIGEST-British Business - May 15 May 15 (Reuters) - 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 - Anglo American AAL.L is considering a stock market flotation of De Beers under plans to break up the miner's sprawling operations and see off a 34 billion pound ($42.83 billion) takeover approach by BHP BHP.AX .
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British power operator Drax reports $3.75 bln in forward sales

British power operator Drax reports $3.75 bln in forward sales April 25 (Reuters) - Drax Group DRX.L , the UK's largest source of renewable electricity, had around 3 billion pounds ($3.75 billion) of contracted forward power sales between 2024 and 2026 as of April 22, compared with 2.8 billion as of Feb. 26, it said on Thursday. The London-listed company also said expectations for full-year core profit were in line with analysts' consensus estimate of 968 million pounds.
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UK Stocks-Factors to watch on April 25

UK Stocks-Factors to watch on April 25 April 25 - Britain's FTSE 100 .FTSE index is seen opening lower on Thursday, with futures FFIc1 down 0.06%. * ANGLO AMERICA: Anglo American AAL.L said it had received an all-share buyout proposal from BHP Group BHP.AX , a deal that would create the world's biggest copper miner churning out around 10% of global output.
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Drax Finco Plc Priced Offering Of Euro Denominated 5-Year Senior Secured Notes In Aggregate Principal Amount Of Eur 350 Million

BRIEF-Drax Finco Plc Priced Offering Of Euro Denominated 5-Year Senior Secured Notes In Aggregate Principal Amount Of Eur 350 Million April 18 (Reuters) - Drax Group PLC DRX.L : DRAX GROUP PLC - PRICING OF OFFERING OF SENIOR SECURED NOTES DRAX GROUP PLC: DRAX FINCO PLC PRICED OFFERING OF EURO DENOMINATED FIVE-YEAR SENIOR SECURED NOTES IN AGGREGATE
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