DRX.L - Drax Group plc

LSE - LSE Delayed price. Currency in GBp
350.20
+0.40 (+0.11%)
At close: 4:50PM BST
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Previous close349.80
Open350.00
Bid0.00 x 69300
Ask0.00 x 57700
Day's range346.40 - 355.00
52-week range218.00 - 368.70
Volume1,171,712
Avg. volume1,467,113
Market cap1.421B
Beta1.54
PE ratio (TTM)N/A
EPS (TTM)-37.10
Earnings date24 Jul 2018
Forward dividend & yield0.12 (3.70%)
Ex-dividend date2018-04-19
1y target est336.50
  • Reuters2 hours ago

    Drax launches bioenergy carbon capture project

    British power company Drax (DRX.L) will start work this month on a pilot bioenergy carbon capture and storage (CCS) project at its plant in Yorkshire, northern England, it said on Monday. The project is the first of its kind in Europe, the company said, and will examine the potential of capturing carbon dioxide from bioenergy sources, effectively removing the greenhouse gas from the atmosphere. Drax, which generates about 6 percent of Britain’s electricity, has converted three of its previously coal-fired units to biomass plants that use wood pellets, often made from compressed sawdust.

  • Reuters - UK Focus2 hours ago

    Britain's Drax launches bioenergy carbon capture project

    British power company Drax will start work this month on a pilot bioenergy carbon capture and storage (CCS (Shanghai: 600180.SS - news) ) project at its plant in Yorkshire, northern England, it said on Monday. The project is the first of its kind in Europe, the company said, and will examine the potential of capturing carbon dioxide from bioenergy sources, effectively removing the greenhouse gas from the atmosphere. Drax, which generates about 6 percent of Britain’s electricity, has converted three of its previously coal-fired units to biomass plants that use wood pellets, often made from compressed sawdust.

  • Reuterslast month

    Drax plans to cut cost of biomass electricity by a third

    Britain's Drax plans to cut the cost of the electricity it generates from biomass by a third over the next 10 years to reduce its reliance on subsidies, its CEO told Reuters. Drax, which generates about 6 percent of Britain's electricity, has converted three of its previously coal-fired units to using biomass wood pellets, often made from compressed sawdust. "We have a cost of delivering energy from biomass that is about 75 pounds per megawatt-hour (MWh) and we are looking to drive that down to around 50 pounds over the course of the next 10 years," Chief Executive Will Gardiner said.

  • Tullow founder Heavey to be replaced as chair by Dorothy Thompson
    Reuterslast month

    Tullow founder Heavey to be replaced as chair by Dorothy Thompson

    Tullow Oil's (TLW.L) founder and chairman, Aidan Heavey, is set to leave the company he led for three decades and be replaced as chair by Dorothy Thompson, former chief of Drax Group, which prides itself in offering lower-carbon energy supply. Heavey, 64, was replaced by Paul McDade as Tullow chief executive a year ago, becoming chairman of the oil and gas exploring group for a maximum of two years. Tullow specialises in oil and gas exploration in Africa and South America.

  • Reuters - UK Focuslast month

    Tullow founder Heavey to be replaced as chair by Dorothy Thompson

    Tullow Oil (LSE: TLW.L - news) 's founder and chairman, Aidan Heavey, is set to leave the company he led for three decades and be replaced as chair by Dorothy Thompson, former chief of Drax Group (Frankfurt: D9F2.F - news) , which prides itself in offering lower-carbon energy supply. Heavey, 64, was replaced by Paul McDade as Tullow chief executive a year ago, becoming chairman of the oil and gas exploring group for a maximum of two years. Tullow specialises in oil and gas exploration in Africa and South America.

  • Reuters - UK Focuslast month

    Britain's Drax could close coal plants ahead of 2025 deadline

    British power generator Drax could end production at its coal plants ahead of a government imposed deadline of 2025, the company's CEO said on Monday. * "We're exploring options for repowering our remaining coal units to use sustainable biomass and gas which we believe could help us to become coal free even earlier than the 2025 deadline," Drax CEO Will Gardiner said in a statement. * The statement came as the company signed up to the international Powering Past Coal Alliance, launched last year by Britain and Canada to urge companies and nations to phase out coal use for power generation.

  • Reuters3 months ago

    British power producer Drax beats earnings expectations, shares rise

    Drax has converted three of its six power plant units in Yorkshire in the north of England - once Europe's most polluting coal-fired power station - to burn wood pellets. Revenue grew by about 25 percent to 3.69 billion pounds, helped by higher profit from its biomass power plants and the acquisition of Opus Energy. As a part of its efforts to meet climate targets, Britain plans to close all coal-fired power plants by 2025 unless they are fitted with technology which can capture and store carbon dioxide (CO2) emissions.

  • Reuters - UK Focus3 months ago

    British power producer Drax beats earnings expectations, shares rise

    British power producer Drax Group Plc (Frankfurt: D9F2.F - news) beat full-year core earnings expectations on Tuesday, sending its shares higher. Drax has converted three of its six power plant units in Yorkshire in the north of England - once Europe's most polluting coal-fired power station - to burn wood pellets. Revenue grew by about 25 percent to 3.69 billion pounds, helped by higher profit from its biomass power plants and the acquisition of Opus Energy.

  • Reuters - UK Focus3 months ago

    BUZZ-Drax: FY core earnings beat

    ** British power producer Drax up 6 pct after reporting full-year core earnings above analysts' expectations ** Drax reports FY EBITDA up 64% to 229 million pounds ; analysts on average had estimated EBITDA ...

  • Reuters3 months ago

    British power capacity auction fails to attract gas projects

    Britain's latest auction for back-up electricity cleared well below expectations but without many new gas projects securing agreements which are thought to be needed to help bridge the gap when coal and nuclear plants come offline next decade. Thursday's auction for 2021/22 supply cleared at 8.40 pounds ($11.71) per kilowatt (kW) per year, National Grid's website showed, well below the 15 to 25 pounds range which analysts had forecast. Out of the 50.4 GW of capacity agreements awarded, 48.4 GW was existing capacity and interconnectors.

  • Reuters - UK Focus3 months ago

    British power capacity auction fails to attract gas projects

    Britain's latest auction for back-up electricity cleared well below expectations but without many new gas projects securing agreements which are thought to be needed to help bridge the gap when coal and nuclear plants come offline next decade. Thursday's auction for 2021/22 supply cleared at 8.40 pounds ($11.71) per kilowatt (kW) per year, National Grid (LSE: NG.L - news) 's website showed, well below the 15 to 25 pounds range which analysts had forecast. Out of the 50.4 GW of capacity agreements awarded, 48.4 GW was existing capacity and interconnectors.

  • Reuters4 months ago

    British power producer Drax to complete fourth biomass unit in second half 2018

    British power producer Drax (DRX.L) said on Wednesday it planned to complete converting its fourth biomass power plant in the second half of the year so it comes online in late 2018. Drax has converted half its power plant in Yorkshire in the north of England that was once Europe's most polluting coal-fired power station to burn wood pellets, often made from sustainably sourced dry sawdust compressed under high pressure. Drax said it would complete work on the fourth unit conversion in the second half of this year as part of a major planned outage, before returning it to service in late 2018.

  • Reuters - UK Focus4 months ago

    British power producer Drax to complete fourth biomass unit in H2 2018

    British power producer Drax said on Wednesday it planned to complete converting its fourth biomass power plant in the second half of the year so it comes online in late 2018. Drax has converted half its power plant in Yorkshire in the north of England that was once Europe's most polluting coal-fired power station to burn wood pellets, often made from sustainably sourced dry sawdust compressed under high pressure. Drax said it would complete work on the fourth unit conversion in the second half of this year as part of a major planned outage, before returning it to service in late 2018.

  • Reuters - UK Focus5 months ago

    Britain's FTSE dips ahead of U.S. tax bill final vote

    LONDON, Dec (Shanghai: 600875.SS - news) 20 (Reuters) - UK shares dipped on Wednesday along with other European bourses ahead of a final vote in the U.S. House of Representatives that would allow Donald Trump to sign massive tax cuts into law. The FTSE 100 shed 0.1 percent in line with the pan-European STOXX 600's. "How much higher can we go given that most of the gains seen this year have been predicated on there being some sort of fiscal stimulus or tax reform, which now looks like being delivered," said CMC Markets (LSE: CMCX.L - news) chief analyst Michael Hewson.

  • Reuters5 months ago

    UK Stocks-Factors to watch on Dec. 12

    Dec 12 (Reuters) - Britain's FTSE 100 index is seen opening up 13 points, on Tuesday, according to financial bookmakers. * SKY: Comcast Corp dropped its bid for most of the assets of Twenty-First Century ...

  • Reuters - UK Focus7 months ago

    BUZZ-Drax: Morgan Stanley sees a happy new year

    ** Power co Drax tops FTSE mid cap gainers' list after Morgan Stanley raises rating on stock forecasting stronger 2018 after "challenging" 2017 ** MS upgrades to "equal-weight" saying ...

  • Reuters7 months ago

    Four UK power firms call for carbon price floor extension

    Four British energy companies have urged the government to extend Britain's carbon floor price to be extended into the 2020s, putting them at odds with industrial groups who want it scrapped. UK power generators pay the floor on top of their obligations under EU's Emissions Trading System, which forces companies to surrender one carbon permit for every tonne of carbon dioxide (CO2) they emit. The UK floor price is set at 18 pounds ($24) per tonne until 2021.

  • Reuters - UK Focus7 months ago

    Four UK power firms call for carbon price floor extension

    LONDON, Oct (Shenzhen: 000069.SZ - news) 23 (Reuters) - Four British energy companies have urged the government to extend Britain's carbon floor price to be extended into the 2020s, putting them at odds with industrial groups who want it scrapped. UK power generators pay the floor on top of their obligations under EU's Emissions Trading System, which forces companies to surrender one carbon permit for every tonne of carbon dioxide (CO2) they emit. The UK floor price is set at 18 pounds ($24) per tonne until 2021.

  • Reuters - UK Focus8 months ago

    Ex-divs to take 0.9 points off FTSE 100 on Sep.21

    The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, ...

  • Drax plans to turn more coal power into gas
    Sky News8 months ago

    Drax plans to turn more coal power into gas

    One of the UK's largest energy producers wants to convert two of its remaining coal-fired power units to gas. The move by Drax, which generates 7% of the UK's electricity, has been driven by the shift away from coal power. The Government announced in 2015 that all coal-fired power stations would be closed by 2025, prompting Drax to switch three of its units from coal to wood pellets recently.

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