Drax shares lifted as dividend fires remain burning
The group's balance sheet at the end of March showed net debt of £818mln but available cash and committed facilities of £663mln
Company
Drax Group
LON:DRX
Drax Group is the owner and operator of Drax Power Station, the largest, cleanest and most efficient coal-fired power station in the UK.
228 stories · page 8 of 12
Drax restructures management at generation arm
Andy Koss’s service agreement with Drax Power Limited will end on 30 June
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G4S bins plans to hive off its cash handling business
A look at some of the major movers in the market on Thursday
Net zero: Barclays says "utilities now officially a growth sector"
Analysts upgraded their ratings and hiked their share price targets on SSE and Drax
Drax reiterates full-year guidance as it targets increased self-supply of biomass
The company is aiming to supply 80% of the biomass it currently uses to generate power from its own sources by 2027, up from the current level of 20%
Drax shares power up as it reports jump in quarterly earnings
The company also gave its support to new emissions targets
Investments and investor services
FTSE 100 closes in red as mining stocks weigh
FTSE 100 closed in the red on Wednesday as miners weighed after a sell-off in iron ore in China
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ITV investors watching for Love Island effect as new boy enters villa
The Conservative Party leadership contest was decided by a relatively convincing margin of 92,153 votes to 46,656, while Love Island commands consolidated viewing figures of more than 5mln
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ITV investors hope for Love Island boost amid tough ad market
The week ahead includes updates from ITV, Unilever, Rightmove, Diageo, Marston's, IG Group, National Express, GSK and AstraZeneca
Currency hedges prop up Drax profits as output dips
Gains related to foreign currency hedging of £38 mln were the main driver of pre-tax profits of £14mln
FTSE 100 closes lower as Brexit is talk of the town
Footsie closed down around 32 points at 7,151, while the FTSE 250 added 23 at 19,270
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Standard Chartered to wrap up recent flurry of big bank results with charge-blurred numbers
Aside from the 2018 results from the emerging markets-focused bank, FTSE 100-listed housebuilder Persimmon and speciality chemicals blue chip Croda International will also report numbers
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Hotchpotch of blue-chip results set to flow in coming week from likes of Rolls-Royce, ITV, WPP
The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
Drax amends terms of Iberdola deal following EU decision
The British power producer said last month’s decision on the UK capacity market scheme had put at risk payments to plants it is buying as part of the deal and that it had agreed a risk-sharing scheme with Iberdrola as a result
Centrica appoints chairman-designate from Weir Group
The FTSE 100-energy group said Charles Berry would be appointed initially as a non-executive director before taking over from Rick Haythornthwaite on 21 February 2019
Drax cut to 'hold' by Jefferies over UK power prices, acquisition integration concerns
Jefferies believes Drax's earnings from new assets could come under pressure from growing competition in the system support market
Investments and investor services
Drax Group confirms £700mln UK power acquisition
“It's a critical time in the UK power sector," said Will Gardiner, Drax chief executive
Drax shares tank as it posts lower first-half earnings after power outages
Drax left its full-year earnings forecast unchanged and raised its interim dividend
FTSE 100 closes firmly higher with miners taking the top spots
The global financial body added that several countries, including the US and UK, had excessive current account deficits and borrowed too much
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Investors looking for some thirst quenchers from Britvic, Fevertree, and Fuller's
Aside from the soft drinks firms and brewer, the day ahead on Tuesday includes updates from blue-chip real estate firm Hammerson and student acommodation group Unite