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Drax Group PLC (DRX.L)

DRX.L on London Stock Exchange

410.00GBp
16 Jan 2019
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Mon, Dec 3 2018

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Drax, Iberdrola revise plants deal after EU decision

LONDON British power producer Drax Group Plc has revised the terms of its deal to buy UK generation assets from Spain's Iberdrola to ensure it gets a rebate on lost capacity payments due to a pause in a government scheme.

UPDATE 2-Drax, Iberdrola revise plants deal after EU decision

LONDON, Dec 3 British power producer Drax Group Plc has revised the terms of its deal to buy UK generation assets from Spain's Iberdrola to ensure it gets a rebate on lost capacity payments due to a pause in a government scheme.

Drax, Iberdrola tweak plants deal after EU decision

Dec 3 British power producer Drax Group Plc has tweaked the terms of its deal to buy UK generation facilities from Spain's Iberdrola to share additional risks due to a recent EU decision on Britain's state-supported back-up power scheme.

Drax profits hit by biomass plant outages, shares fall

LONDON British power producer Drax Group Plc reported a 16 percent fall in first-half earnings on Tuesday, partly related to outages at its biomass plants, sending its shares down more than 6 percent.

Drax profits hit by biomass plant outages, shares fall

LONDON British power producer Drax Group Plc reported a 16 percent fall in first-half earnings on Tuesday, partly related to outages at its biomass plants, sending its shares down more than 6 percent.

UPDATE 2-Drax profits hit by biomass plant outages, shares fall

LONDON, July 24 British power producer Drax Group Plc reported a 16 percent fall in first-half earnings on Tuesday, partly related to outages at its biomass plants, sending its shares down more than 6 percent.

UK's Drax reports 16 pct fall in earnings after outages

LONDON, July 24 British power producer Drax Group Plc reported a 16 percent fall in mid-year earnings on Tuesday as outages curbed electricity generation at its power plants.

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