Drax's Profits Plummet, Job Cuts Loom

Draxs operating profits plummeted by £609 million, pre-tax profits by £563 million, due to non-cash impairments and market challenges. Despite beating EBITDA expectations, the company faces job cuts and restructuring, with CEO Will Gardiner focusing on renewable power output and future growth opportunities. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f8e00447be58f25d