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...of B&V rather than an expert group not previously associated with Drax....
...That is three years later than the group previously forecast. There is no timetable for the second similarly sized unit....
...Ember, a non-profit group, has calculated Drax was paid £885mn in 2021 and £617mn in 2022 under these schemes....
...Power plants fuelled by biomass supplied about 11 per cent of the UK’s electricity in 2022, with the largest of several facilities owned by Drax, the FTSE 250 company....
...The 62-year-old is taking up the role at C-Capture, which has been spun out of the University of Leeds and is backed by companies including UK power generation business Drax and oil major BP....
...He left Enviva’s board in November and Inclusive has sold most of its stake in the group. Environmentalists have questioned the green attributes of wood pellets....
...Big share price moves in Europe today include UK energy company Drax, UK spread betting company CMC Markets and oil group Shell: Drax: Shares in the UK-based renewable energy company leapt 7.2 per cent...
...Uniper and French energy group EDF were also paid to keep back-up coal stations in Britain running....
...These are busy days for Albert Manifold, the long-serving chief executive of building materials group CRH....
...Recent staff defections have included John Erle-Drax and Geoffrey Parton, at Marlborough for more than 50 years each when they left in 2023 to work with another alum, Frankie Rossi....
...As part of its initial inquiry, Ofgem commissioned a third party, US-based consulting group Black and Veatch, to audit Drax’s woody biomass, which it notified the power company about in February....
...French energy group EDF and FTSE 250-listed Drax were both due to shut down their last coal units in the UK in September last year, leaving Düsseldorf-based Uniper as the only operator still running up to...
...Consumer groups that invested heavily in the country have been left particularly exposed with the forex crunch hitting groups including Unilever, GSK and PZ Cussons as well as domestic champions such as...
...Drax’s shares rose 3 per cent to 638p in London, while RWE’s shares were steady at €40.98 in Frankfurt by early afternoon....
...One of these credit rating agencies, Moody’s, is co-chairing the FCA’s working group on ESG ratings. “It’s not that hard, because we’ve had it with credit ratings,” Sadan said....
...Wood’s stock languishes around 142p — a painful 41 per cent below the final takeover price offered by Apollo a year ago before the private equity group got cold feet....
...The call comes a year after the collapse of a £1.7bn takeover approach for Wood from buyout group Apollo....
...This story was corrected to reflect that Group 1 Automotive has 55 sites in the UK, not 51 as indicated in a previous version....
...Here’s Franck Tuil, CIO of Sparta Capital Management, with a letter to Mark Kleinman Wood Group....
‘Complex and unpredictable planning system’ to blame for building shortage, says Competition and Markets Authority
...Drax’s investors got a scare on Thursday....
...That is one way to read news that 239 groups have failed to provide industry standard-setter SBTi with net zero targets within the agreed 24-month period....
Once a particular style has lost its cachet, it can be hard to recover on a standalone basis
...While the group’s pre-tax profit was up by 16 per cent, its profit after tax figure increased by just 8 per cent due to changes in the UK’s corporation tax regime....
...The group delivered 12 per cent organic revenue growth, alongside a 35 per cent rise in adjusted profits to £502mn....
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