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  1. July 29, 2014

    Drax earnings fall on carbon tax increase

    Drax Group, the operator of Britain’s biggest power plant, suffered a 15 per cent drop in earnings in the first half due to...

  2. April 23, 2014

    Saga to set sail leaving AA to make roadside repairs

    Saga, the financial services and travel group focused on cruise-loving over-fifties, has lived up to its name in its voyage...

Special Reports

  1. Special Report: Innovations in Energy 2013

    Businesses in the sector are rarely thought of as being among those that are driving g...
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  1. February 18, 2014

    Carbon costs weigh on Drax

    Falls in the price of imported coal were outweighed by the scrapping of emissions allowances and a new carbon price support...

  2. November 17, 2013

    Drax powers a brighter future with biomass

    It may be good for the planet but it is explosive stuff. The feedstock behind attempts by Britain’s biggest emitter of...

  3. June 14, 2013

    Dorothy Thompson managing shift to sustainable fuel

    Dorothy Thompson, who becomes a Commander of the British empire in the Queen’s birthday honours, is one of the few women at...

  4. June 3, 2013

    Biomass: Wood pellets muscle in on old role of coal

    Drax, the UK power supplier, is pushing ahead with what is shaping up to be a huge bet on biomass. The company, which has a...

  5. February 19, 2013

    Drax presses on with switch from coal

    Drax Group said it remained on track to convert half its generating capacity from coal to wood pellets and other...

  6. January 28, 2013

    Biomass: Nascent sector tipped to go mainstream despite doubts

    Everyone knows the comforting glow of a roaring log fire. This traditional form of heating is coming back on an industrial...

  7. July 31, 2012

    Drax meets interim profit expectations

    Drax Group, the operator of Britain’s largest coal-fired power station, insisted it was well placed to deal with tougher...

  8. July 25, 2012

    Drax shares fall on concern for subsidies

    Shares in UK power generator Drax Group fell sharply on Wednesday after the government announced changes to subsidies for...

  9. February 21, 2012

    Dominant shareholders create case for danger money

    Poor Bob Ivell. The Mitchells & Butlers chairman appears to be struggling to attract a high-calibre chief executive to the...

  10. February 21, 2012

    Drax prefers co-firing over biomass

    The operator of the UK’s largest coal-fired power generator has shelved plans to build a dedicated biomass unit but said it...

  11. August 2, 2011

    Drax renews call for biomass support

    Drax, the operator of Britain’s biggest coal-fired power station, reiterated its call for more government support for...

  12. February 22, 2011

    Hands back on firmer ground

    Good news for Terra Firma investors. The private equity group’s funds have recovered from their levels in 2009, according to...

  13. February 22, 2011

    Drax raises biomass project hopes

    Drax said it hoped government incentives would help it proceed with a £2bn biomass project later this year. The power...

  14. January 30, 2011

    Transcript: FT Roundtable on Energy Policy

    Speaker key MD – Martin Dickson, deputy editor, Financial Times MH – Mark Hanafin, managing director of Centrica Energy BC –...

  15. August 3, 2010

    Subsidy reform threatens Drax biomass push

    The chief executive of Drax, the UK’s biggest power station, has said that government reforms of subsidies for renewable...

  16. July 1, 2010

    Drax to convert boiler to use biomass fuel

    Drax, the UK’s biggest power station, is to convert one of its coal-fired boilers to use biomass, as the start of an...

  17. February 24, 2010

    Drax concerned over subsidies

    The chief executive of Drax would be "stunned" if the company did not go ahead with its plan to build biomass-fired power...

  18. February 23, 2010

    Drax remains hopeful on biomass power plants

    The chief executive of Drax would be “stunned” if the company did not go ahead with its plan to build biomass-fired power...

  19. February 20, 2010

    Drax chief says carbon prices too low

    Carbon prices and other incentives for renewable energy are not high enough to make it worthwhile for the UK’s biggest...

  20. January 8, 2010

    Eaga wins £14m Drax contract

    Eaga, the green support services company, has reinforced its position in the household energy efficiency sector after it won...

  21. December 17, 2009

    Drax hedges sales and costs for 2010

    Drax, the coal-fired power station owner, has used forward contracts to avoid being hit by the narrow spread between its...

  22. December 16, 2009

    Drax hedges sales and costs for 2010

    Power play: the price of UK electricity depends on the price of gas, which is at a low level because of a surplus in the...

  23. August 5, 2009

    Profits at Drax fall 77% amid flagging demand

    UK electricity demand has suffered an "unprecedented" fall and is likely to remain weak into the winter, according to the...

  24. August 5, 2009

    Call for more intervention on energy

    An "interventionist" approach by the government will be needed if security of energy supply is to be guaranteed, a report...

  25. August 5, 2009

    Drax suffers plunge in demand

    Electricity demand has suffered an "unprecedented" fall, and is likely to remain weak into the winter, according to Drax,...

  26. August 4, 2009

    Call for more intervention on energy

    An “interventionist” approach by the government will be needed if security of energy supply is to be guaranteed, a report...

  27. August 4, 2009

    Drax suffers plunge in demand

    Electricity demand has suffered an “unprecedented” fall, and is likely to remain weak into the winter, according to Drax,...

  28. July 10, 2009

    Corporate brokers in contest for Drax mandate

    The City of London's traditional corporate broking culture - a cosy world inhabited by upper-class gents whose toughest...

  29. July 10, 2009

    Drax puts corporate brokers through rare test

    The brash business style of Sir Alan Sugar is a long way from the City of London's cosy heritage of corporate broking -...

  30. July 9, 2009

    ‘I’m a broker, get me out of here’

    The brash business style of Sir Alan Sugar is a long way from the City of London’s cosy heritage of corporate broking –...

  31. March 4, 2009

    Drax resigned to price drop

    Drax, the electricity generator, said power prices would remain depressed for some time because of the recession, which has...

  32. March 3, 2009

    Drax resigned to price drop

    Drax, the electricity generator, said power prices would remain depressed for some time because of the recession, which has...

  33. November 20, 2008

    The seven leading executives of FTSE 100 companies

    Katherine Garrett-Cox Became chief executive of Alliance Trust this year, after joining in 2007. She had worked for Hill...

  34. October 24, 2008

    More power, for peanuts

    Few companies have the confidence to announce a £2bn capital investment these days. Most are cutting capital expenditure,...

  35. October 24, 2008

    Drax unveils £2bn plan to build three biomass plants

    Drax Group, the owner of western Europe's largest coal-fired power station, yesterday unveiled a £2bn (€2.51bn) renewable...

  36. October 24, 2008

    Drax to invest £2bn in renewable energy

    Drax, the owner of western Europe's largest coal-fired power station, yesterday unveiled a £2bn renewable energy investment...

  37. October 23, 2008

    Drax to invest £2bn in renewable energy

    Drax, the owner of western Europe’s largest coal-fired power station, unveiled a £2bn renewable energy investment plan in an...

  38. October 23, 2008

    Banking meeting doomed to ‘fail’

    Every manager knows a meeting that has as its outcome another meeting should never have taken place. So it was with...

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