Drax Group plc (DRX.L) on Thursday said it has commenced the first tranche of its £450 million share buyback program announced in July, under which it plans to repurchase up to £75 million of shares.
The new buyback is an extension of the company's previous £300 million share buyback programme, which was completed on October 8.
Drax has appointed JP Morgan to execute the first tranche of the extension.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.