Drax Group

Ticker DRX

Today's data summary

Market open
% change
-1.96%
Price Pence
289.60
Change
-5.80
As of 15:49 18 Sep 2019
Market cap. Pound sterling
1,147.80 million
As of 15:49 18 Sep 2019

Latest updates

Drax gets cash boost to trial CO2 emissions catcher

The UK's largest power station has been awarded £500,000 by the government to investigate new technology that could generate electricity without adding carbon dioxide to the atmosphere.

Drax power station
PA Media

Drax, near Selby, will use the money to trial a special kind of fuel cell that captures CO2 before it reaches the air.

This gas would then be used to help grow plants.

The experiment is expected to be completed before the end of the year.

Scottish Power to use 100% wind power
Scottish Power will become the first major UK energy company to generate all its electricity from wind power instead of coal and gas.

Miners lead share price risers

Mining
Getty Images

Superdry and Drax are the biggest fallers on the FTSE 250 so far this morning, down 7.5% and 5.6% respectively.

Mining groups dominated the risers, led by gold specialist Centamin which is ahead 2.8% at 121.8p.

It was the same on the FTSE 100 where Rio Tinto's share price gained the most, up 1.6% at £41.28.

On the fallers, BP led the way, down 0.8% at 561.9p.

Overall, the FTSE 100 has trimmed early gains and is now up 0.08% at 7,661.76.

The FTSE 250 is ahead 0.23% at 20,818.44.