UK's Drax gains on bullish annual core profit forecast

By Reuters News

** Shares of British power generator Drax DRX.L up 2.1% at 837 pence

** Co expects 2026 adjusted core profit at the top end of market forecasts, helped by heatwave-driven power demand and acquisition of Bluefield Solar Income Fund

** Now sees adjusted EBITDA near the top of analysts' £680-£711 mln ($911-$953 mln) range

** YTD stock is up 1.5%, including today's gains

($1 = £0.7462)

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