This post was originally published on this site
© Reuters.By Geoffrey Smith
Investing.com — Here is a summary from the most important regulatory news releases from the London Stock Exchange ahead of the U.K. market open on Thursday 30 January. Please refresh for updates for U.K. market news from the LSE’s RNS on individual U.K. shares from , FTSE 250 and .
- Imperial Brands (LON:) said it has found someone to replace Alison Cooper as chief executive.
-
- The tobacco company has appointed Stefan Bomhard, currently CEO at car dealership network Inchcape (LON:), although it wasn’t able to say when he’ll start.
- Prior to Inchcape, Bomhard had also held senior positions at Cadbury, Unilever (LON:) and Procter & Gamble.
-
- Power generator Drax (LON:) said it will review options for two coal units at Drax Power Station and the small Combined Cycle Gas Turbine (CCGT) at Blackburn Mill, after choosing not to accept capacity payments for its two coal units at Drax Power Station and the small Combined Cycle Gas Turbine (CCGT) at Blackburn Mill.
- Drax said it had secured agreements to provide 2,562 megawatts of capacity from its existing gas, pumped storage and hydro assets for the delivery period October 2022 to September 2023, at a price of £6.44/kW.
- In all, the capacity payments are worth £15 million in that period. These are in addition to existing agreements which extend to September 2022.
- Capacity payments are made by the system operator to power plant owners to ensure that generating capacity is available, even if it is not needed at specific times. In the case of the coal units, the price offered by the grid operator is unlikely to have covered the cost of keeping them available.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
