Drax Boosted By Uk Energy Emergency
- Sep 17, 2021 2:56 pm GMT
Sep. 17—Drax Group jumped to the top of the
Shares in the firm, which runs the Drax power station near Selby in
Strong global demand for energy as well as low gas stocks in
The crisis is already starting to hit the
In desperation, the
However, the cocktail of woes for the energy markets has proven to be a boon for Drax, with analysts at Barclays hiking their target price for the firm to 960p from 550p, saying the group had 'significant share price upside potential'.
Falling commodity prices and concerns over the Chinese economy were weighing on mining stocks, with
A takeover tussle is in the works as Ecotricity, a green energy firm run by
The increased bid came after
Law firm Keystone was up 10pc, or 76p, to 838p after posting a 118pc surge in profits to £4.3m the six months to the end of July.
The group said activity levels had been 'very high' across all of its practice areas.
DIY retailer Wickes was up 2.1pc, or 4.8p, at 237.2p after its profits more than trebled in the first half of 2021 as demand for home improvements surged during the pandemic.
For the six months to
Mid-cap investment firm
The firm also said
Warhammer figurine maker
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