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Drax


Berita

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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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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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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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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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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Ofgem Says Drax To Submit Payment For Industry Voluntary Redress Fund Of £25m

BRIEF-Ofgem Says Drax To Submit Payment For Industry Voluntary Redress Fund Of £25m Aug 29 (Reuters) - Drax Group PLC DRX.L : OFGEM: DRAX MISREPORTING DATA IN RELATION TO ANNUAL PROFILING SUBMISSION TO OFGEM FOR COMPLIANCE PERIOD 1 APRIL 2021 TO 31 MARCH 2022 OFGEM: DRAX HAS AGREED TO RE-REPORT THEIR CP20 ANNUAL PROFILING SUBMISSION IN RESPECT OF
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Admiral, Capgemini, Zurich Insurance Group

EUROPE RESEARCH ROUNDUP- Admiral, Capgemini, Zurich Insurance Group Aug 22 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Admiral, Capgemini and Zurich Insurance Group, on Thursday. HIGHLIGHTS * Admiral ADML.L : Jefferies raises to hold from underperform * Capgemini CAPP.PA : Jefferies cuts target price to EUR 185 from EUR 195 * Glenveagh Properties Plc GLV.I : Jefferies raises to buy from hold * Orsted ORSTED.CO : Deutsche Bank c
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Drax Group Enters New Sustainability-Linked £450M Revolving Credit Facility

BRIEF-Drax Group Enters New Sustainability-Linked £450M Revolving Credit Facility Aug 20 (Reuters) - Drax Group PLC DRX.L : DRAX GROUP PLC - NEW SUSTAINABILITY-LINKED £450M RCF DRAX GROUP PLC - COMPLETED REFINANCING OF ITS REVOLVING CREDIT FACILITY Source text for Eikon: ID:nRST9970Aa Further company coverage: DRX.L
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Bakkavor, Drax Group, Greggs

EUROPE RESEARCH ROUNDUP- Bakkavor, Drax Group, Greggs Aug 5 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bakkavor, Drax Group and Greggs on Monday. HIGHLIGHTS * Bakkavor BAKK.L : HSBC raises target price to 170p from 150p * Drax Group Plc DRX.L : HSBC raises target price to 600p from 500p * Greggs GRG.L : HSBC cuts to hold from buy * Pennon Group PNN.L : Barclays cuts to equal-weight from overweight * United Utilities UU.L : Bar
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Jet2, Natwest Group, Unilever

EUROPE RESEARCH ROUNDUP-Jet2, Natwest Group, Unilever July 29 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Jet2, Natwest Group and Unilever, on Monday. HIGHLIGHTS * BAE Systems BAES.L : Citigroup raises to buy from neutral * Drax Group Plc DRX.L : Morgan Stanley raises target price to 670p from 650p * Jet2 Plc JET2.L : HSBC raises target price to 2020p from 1980p * Natwest Group Plc NWG.L : Berenberg raises target price to 415p
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British mid-cap stocks close at over two-year high on earnings optimism

UPDATE 1-British mid-cap stocks close at over two-year high on earnings optimism For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. FTSE 100 up 1.2%, FTSE 250 gains 2.3% US PCE in line with estimates Focus on Fed, BoE decisions next week Updated at 1620 GMT July 26 (Reuters) - British mid-cap stocks rallied to their strongest finish in more than two years on Friday, helped by a slew of upbeat company earnings reports and a rebound on Wall
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UK's Drax hits over 1-year high on sturdy H1 results, buyback

BUZZ-UK's Drax hits over 1-year high on sturdy H1 results, buyback ** Shares of power generator Drax DRX.L up 12.5% at 637.5 pence, its highest level since April 2023 ** Posts 37% growth in H1 pre-tax profits to 463 mln pounds ($595.3 mln) ** Also announces share buyback worth 300 mln pounds ** Sees 2024 adj core profit to be above analysts' consen
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UK Stocks-Factors to watch on July 26

UPDATE 1-UK Stocks-Factors to watch on July 26 Adds new items, updates futures July 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0 .2%. * NATWEST: NatWest's NWG.L first-half pretax operating profit fell by a less-than-expected 16% to 3 billion pounds ($3.86 billion), it said, with margins hit by mortgage market competition and savers shifting deposits to higher-paying products.
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UK's Drax shares soar on profit rise, share buybacks

UPDATE 2-UK's Drax shares soar on profit rise, share buybacks Updates throughout with CEO comment, share price By Susanna Twidale July 26 (Reuters) - Shares in Drax DRX.L soared 15% on Friday morning after the British power generator posted a 37% rise in first-half profit and announced a 300 million pound ($386 million) share buyback programme. 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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Drax Announces 300 Mln Stg Share Buyback

BRIEF-Drax Announces 300 Mln Stg Share Buyback July 26 (Reuters) - Drax Group PLC DRX.L : DRAX GROUP PLC: IMPROVED OUTLOOK FOR 2024 AND £300M BUYBACK DRAX GROUP PLC: INTERIM DIVIDEND OF 10.4 P/SHARE (H1 2023: 9.2 P/SHARE) DRAX GROUP PLC: EXPECTED FULL YEAR DIVIDEND UP 12.6% TO 26.0 P/SHARE (2023: 23.1 P/SHARE) DRAX GROUP PLC: FULL YEAR 2024 EXPECTATIONS FOR ADJUSTED.
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British power generator Drax expects annual profit at top-end of market forecast

British power generator Drax expects annual profit at top-end of market forecast July 26 (Reuters) - British power generator Drax DRX.L forecast annual profit to be at the top-end of market expectations after it posted a rise in profit for the first half of the year on Friday on strong demand for renewable energy. The company, which is UK's largest renewable power firm by output, said adjusted core profit for 2024 is expected to be above analysts' consensus of 961 million pounds ($1.24 billion),
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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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Syarat

Aset Popular

Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.

Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.

Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.

Amaran Risiko: Modal anda dalam risiko. Produk yang berleveraj mungkin tidak sesuai untuk semua individu. Sila pertimbangkan Pendedahan Risiko kami.