UK's Drax gains on bullish annual core profit forecast
17/09/2026 08:22
BUZZ-UK's Drax gains on bullish annual core profit forecast ** Shares of British power generator Drax DRX.L up 2.1% at 837 pence
** Co expects 2026 adjusted core profit at the top end of market forecasts, helped by heatwave-driven power demand and acquisition of Bluefield Solar Income Fund
** Now sees adjusted EBITDA near the top of analysts' £680-£711 mln ($911-$953 mln) range
** YTD stock is up 1.5%, including today's gains
($1 = £0.7462)
(Reporting by Neeshita Beura in Bengaluru)