UK regulator closes Drax biomass sourcing probe

Drax

Today 07:18

    June 18 (Reuters) - British power group Drax DRX.L said on Thursday Britain's financial watchdog has closed its investigation into certain historical statements regarding the company's biomass sourcing, removing a regulatory cloud that had hung over the company for nearly 10 months.
The Financial Conduct Authority confirmed it has no concerns warranting further investigation, Drax said.
     

 (Reporting by DhanushVignesh Babu in Bengaluru)
 ((DhanushVignesh.Babu@thomsonreuters.com))