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Drax shares slip as FCA announces statements probe


By Michael Griffiths

Energy company Drax Group is facing an investigation by the Financial Conduct Authority (FCA) over “historical statements” regarding its biomass sourcing.

The regulator’s probe will cover the period between January 2022 and March 2024 and examine three of the company’s annual reports for the 2021, 2022 and 2023 financial years


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Thames Water agrees payment plan for Ofwat fines

Thames Water has agreed a payment plan with Ofwat over the £122.7m it owes to the water services regulator

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Macfarlane Group profits drop in ‘challenging’ H1

Macfarlane Group has reported a 32% drop in its profit before tax in the first half of its financial year, totalling £7.93m, citing "challenging" market conditions as the reason for this reduction

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JD Sports hits expectations in Q2

JD Sports has reported that its Q2 results are in line with expectations as its group like-for-like (LFL) sales dropped by 3% from last year

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Former WH Smith CFO defers Greggs move ahead of Deloitte probe

The former chief financial officer at WH Smith, Robert Moorhead, has deferred his appointment to the board at bakery chain, Greggs

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Prudential posts profit growth and plans more shareholder returns

Prudential has reported a 7% annual jump in adjusted operating profit to $1.37bn in its opening half results

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UK’s VC activity declines through first seven months of 2025

Activity in the UK’s venture capital (VC) space has registered a slowdown in the first seven months of 2025, with both deal volume and value recording annual declines, new figures from GlobalData have shown.

The data and analytics firm said the pullback reflects a combination of “macroeconomic headwinds” and the “recalibration of investor strategies”

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Halma acquires Dutch firm in £129m deal

Technology group Halma has announced the acquisition of Dutch company Brownline in a deal worth £129m

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British American Tobacco CFO steps down

The chief financial officer (CFO) at British American Tobacco (BAT), Soroya Benchikh, has stepped down from the role with immediate effect.

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Bunzl shares jump despite hits to profit

Shares in Bunzl increased by over 6% earlier today despite the firm recording a 15.4% drop in its profit before tax, which totalled £345.6m in the six months to 30 June

Wood Group board ‘minded’ to recommend Sidara’s reduced offer

John Wood Group’s board has said that it would be "minded to recommend" Sidara’s reduced 30 pence per share acquisition offer
Revolution Beauty founders return to raise £15m

The founders of Revolution Beauty have rejoined the firm, announcing a proposed equity placing of over 345 million new ordinary shares and a subscription of over 154 million shares to raise approximately £15m
Sorted CFO to step down

Software provider Sorted has announced that its chief financial officer (CFO), Mahmoud Wariah, is leaving the company


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