Drax Wins National Grid Services Deal
April 01 2016 - 2:54AM
Dow Jones News
LONDON--Drax Group PLC (DRX.LN) Friday said it agreed terms with
electricity and gas company National Grid PLC (NG.LN) for a twelve
month contract to provide certain support services, starting in
April.
The group said following the contract, and also due to "recent
weakness" in commodity markets, it now expects earnings before
interest, taxes, depreciation and amortization at the top end of
the range of current market forecasts.
Drax shares closed Thursday at 272 pence.
--Write to Simon Zekaria at simon.zekaria@wsj.com
(END) Dow Jones Newswires
April 01, 2016 02:39 ET (06:39 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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