DRX.L - Drax Group plc

LSE - LSE Delayed Price. Currency in GBp
270.00
-0.60 (-0.22%)
At close: 4:35PM BST
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Previous Close270.60
Open273.40
Bid269.80 x 0
Ask270.20 x 0
Day's Range269.80 - 275.80
52 Week Range259.80 - 432.40
Volume498,495
Avg. Volume1,131,429
Market Cap1.07B
Beta (3Y Monthly)1.31
PE Ratio (TTM)38.57
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.15 (5.51%)
Ex-Dividend Date2019-09-19
1y Target EstN/A
  • These 4 Measures Indicate That Drax Group (LON:DRX) Is Using Debt Extensively
    Simply Wall St.

    These 4 Measures Indicate That Drax Group (LON:DRX) Is Using Debt Extensively

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

  • Thomson Reuters StreetEvents

    Edited Transcript of DRX.L earnings conference call or presentation 24-Jul-19 8:00am GMT

    Half Year 2019 Drax Group PLC Earnings Presentation

  • Why We’re Not Keen On Drax Group plc’s (LON:DRX) 4.2% Return On Capital
    Simply Wall St.

    Why We’re Not Keen On Drax Group plc’s (LON:DRX) 4.2% Return On Capital

    Today we'll evaluate Drax Group plc (LON:DRX) to determine whether it could have potential as an investment idea...

  • Reuters

    Investors slap discount on UK utilities amid election worries

    British utility stocks are trading at a growing discount to euro zone peers as investors fear the country's deepening political crisis could trigger a general election that ushers in renationalisation of the industry, worth $76 billion (£59.9 billion). The opposition Labour Party has said it wants to nationalise energy and water infrastructure if it can oust Prime Minister Theresa May's Conservatives from power, reversing decades of pro-privatisation policies. Simon Webber, lead portfolio manager on the global and international equities team at Schroders said those fears were "another overhang" for utilities, already subject to a discount like other UK assets because of Brexit uncertainty.

  • Reuters

    British gas network company Cadent pays record penalty for supply failures

    British gas network company Cadent has paid a record penalty of 44 million pounds for failing to properly supply gas to some customers, regulator Ofgem said on Wednesday. The penalty, which will see Cadent pay 24 million pounds for improvements and compensation and set up a 20 million pound community fund, comes a week after Britain's opposition Labour party set out plans to nationalise the sector if it comes into power. Cadent Gas generated an operating profit of 724 million pounds in 2018.

  • FTSE 100 dips on sluggish euro zone PMI, Unilever sparkles
    Reuters

    FTSE 100 dips on sluggish euro zone PMI, Unilever sparkles

    The FTSE 100 was down 0.2 percent and the FTSE 250 dropped 0.1 percent. "What's clear from today's PMI numbers is that there are as yet no green shoots of spring for the euro zone," Markets.com analyst Neil Wilson said. Euro zone business activity barely grew in April as demand was sluggish even though prices rose modestly, surveys showed.

  • Is Drax Group plc's (LON:DRX) ROE Of 1.1% Concerning?
    Simply Wall St.

    Is Drax Group plc's (LON:DRX) ROE Of 1.1% Concerning?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work thro...

  • Reuters

    Drax wins approval to build 90 million pound gas power plant

    Britain's Drax has been given government approval to build a 90 million pound gas plant in the east of England, the company said on Tuesday. The 299 megawatt (MW) plant will be a so-called peaking plant which means it only fires up for operation during times of peak demand. Drax said it could be generating electricity by 2022 but this would be subject to it securing a capacity market subsidy from the government.

  • What does Drax Group plc’s (LON:DRX) Balance Sheet Tell Us About Its Future?
    Simply Wall St.

    What does Drax Group plc’s (LON:DRX) Balance Sheet Tell Us About Its Future?

    Drax Group plc (LON:DRX) is a small-cap stock with a market capitalization of UK£1.5b. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, theyRead More...

  • Thomson Reuters StreetEvents

    Edited Transcript of DRX.L earnings conference call or presentation 26-Feb-19 9:00am GMT

    Full Year 2018 Drax Group PLC Earnings Presentation

  • Reuters

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

    Drax, which has the capacity to provide electricity for around 13 million homes, converted the fourth of its six former coal-fired plants to use biomass wood pellets last year, ahead of Britain's plans to phase out coal plants by 2025. Drax aims to replace the two remaining units with gas plants, but CEO Will Gardiner said this depended on the new plants receiving government support.

  • Reuters

    EU regulators to probe UK power capacity scheme after court veto

    EU state aid regulators opened on Friday an in-depth investigation into Britain's capacity market scheme, three months after an EU court scrapped its 2014 decision approving the project. The Luxembourg-based General Court ordered the European Commission to get more details on certain elements of the mechanism which pays utilities to make electricity available at short notice. "The Commission's investigation will focus, in particular, on the participation of energy consumers offering to reduce their electricity consumption in times of supply disequilibrium in the electricity market," the EU executive said.

  • How Many Insiders Bought Drax Group plc (LON:DRX) Shares?
    Simply Wall St.

    How Many Insiders Bought Drax Group plc (LON:DRX) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples Read More...

  • Moody's

    ScottishPower Generation Ltd -- Moody's withdraws ScottishPower Generation's rating

    Moody's Investors Service ("Moody's") has today withdrawn the Baa1 issuer rating of ScottishPower Generation Ltd ("SPGEN"). The rating action follows the announcement on 2 January 2019 by SPGEN's ultimate parent company, Iberdrola S.A. (Baa1 stable), that it had completed the sale of 100% of the share capital in SPGEN to Drax Group plc for GBP702 million (subject to customary adjustments and a risk sharing mechanism) on 31 December 2018. Moody's has withdrawn the credit rating because SPGEN was the subject of a corporate reorganization.

  • Thomson Reuters StreetEvents

    Edited Transcript of DRX.L earnings conference call or presentation 24-Jul-18 8:00am GMT

    Half Year 2018 Drax Group PLC Earnings Presentation

  • Reuters

    Britain confident of EU decision on power capacity market by October 2019

    Britain has asked the European Commission to conclude its inquiry into its power capacity market mechanism in time for the government to resume payments to power suppliers in October, a senior official said on Friday. The Commission is looking into the mechanism, which pays utilities to make electricity available at short notice, after a European court ruling halted the scheme and payments. This halt of payments raised questions about the security of supply especially during the winter months should utilities such as Centrica (CNA.L), SSE (SSE.L) and Drax (DRX.L), which won contracts under the scheme, fail to deliver.