Drax's Agreement to Keep U.K. Power Plant Open Could Be in Focus -- Market Talk

Dow Jones

08/28

1035 GMT - Drax's agreement with the U.K. government to keep its North Yorkshire power plant open after 2027 through the use of subsidies could face additional political scrutiny, Jefferies analysts write. This is after the Financial Conduct Authority launched an investigation into certain historical statements regarding its biomass sourcing and the compliance of some annual reports. The investigation appears to be at a very early stage, which means limited information is currently available, the analysts write. Shares trade down 9% at 630.50 pence. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

August 28, 2025 06:35 ET (10:35 GMT)

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This is after the Financial Conduct Authority launched an investigation into certain historical statements regarding its biomass sourcing and the compliance of some annual reports. The investigation appears to be at a very early stage, which means limited information is currently available, the analysts write. Shares trade down 9% at 630.50 pence. (adam.whittaker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 28, 2025 06:35 ET (10:35 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}