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Drax Group PLC (DRX.L)

DRX.L on London Stock Exchange

321.00GBp
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322.40
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Tue, Feb 26 2019

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Profits at Britain's Drax rise on higher renewable power output

Drax, Britain's third largest power generator, reported a 9 percent rise in full-year earnings on Tuesday, driven by higher renewable power generation from its biomass units.

UPDATE 2-Profits at Britain's Drax rise on higher renewable power output

Feb 26 Drax, Britain's third largest power generator, reported a 9 percent rise in full-year earnings on Tuesday, driven by higher renewable power generation from its biomass units.

Drax profit rises 9 pct on higher biomass power generation, pellet output

Feb 26 British power producer Drax Group Plc reported a 9 percent rise in full-year core earnings on Tuesday, driven by higher levels of renewable power generation from its biomass units.

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.

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