Drax has published today its trading update in which it states that it expects earnings to be at the lower end of its guidance (£135-169m). It also includes the approval of the CfD contract for the third biomass unit by January 2017 with a strike price of £100/MW. In addition, the group has provided a strategic update in which it mentions that it has completed two separate transactions, the first one being Opus Energy, a retail provider for the UK market with over 256k customers,
06 Dec 2016
With pressure on earnings, Drax diversifies its retail and future generation business
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With pressure on earnings, Drax diversifies its retail and future generation business
Drax Group plc (DRX:LON) | 490 0 0.0% | Mkt Cap: 1,894m
- Published:
06 Dec 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Drax has published today its trading update in which it states that it expects earnings to be at the lower end of its guidance (£135-169m). It also includes the approval of the CfD contract for the third biomass unit by January 2017 with a strike price of £100/MW. In addition, the group has provided a strategic update in which it mentions that it has completed two separate transactions, the first one being Opus Energy, a retail provider for the UK market with over 256k customers,