Drax Group shares rise on HSBC upgrade, stock listing

Drax Group shares advanced Friday as HSBC upgraded the British power company's stocks to 'overweight', the equivalent of a 'buy' rating.

Drax Group shares advanced Friday as HSBC upgraded the British power company's stocks to 'overweight', the equivalent of a 'buy' rating.

The coal-fired plant operator also announced it has applied to the UK Listing Authority for the block listing of 700,000 ordinary shares to the Official List and to the London Stock Exchange.

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