Drax Group plc recently announced that it has agreed to a GBP 75 million ($114.83 million) amortizing loan facility maturing in June 2018 with Friends Life, underpinned by a guarantee from HM Treasury.
Associated British Ports has announced that it has signed a 15-year contract with Drax Power Ltd., operating subsidiary of Drax Group Plc, which will see terminal investments of up to GBP 100 million to handle wood pellet shipments at three ports.
Liberum says more progress on biomass project needs to be shown before shares can be re-rated
The current cold weather in the UK should be a boost for shares in power companies, but that does not seem to be the case at Drax.
The coal-fired power...
Drax Group plc has released preliminary financial results for 2012, noting that its biomass transformation is well underway. According to company's report, its first unit will be converted to biomass in April, with a second unit converted in 2014.
South Dorset MP Richard Drax complains of government ban on coastguard agency head Sir Alan Massey discussing scheme
The government has been accused of gagging the chief executive of the coastguard agency over the privatisation of the...