Utilities

The most recent milestone came on 17 September 2026, when 99.83 per cent of votes cast at theAnnual General Meetingbacked the continuation of the company in its present form. On 21 September the board also appointed an additional joint corporate broker.

The debate continues in 2026, even though Drax's financial position is strong. On 17 September the group raised its outlook, saying 2026 adjusted EBITDA should come in around the top of the range of analyst consensus. Its compiled consensus at 4 September averaged £698m, …

The latest evidence has been supportive. In its results for the year to 31 March 2026, published on 12 May, the trust reported a total return of 8.5 per cent on opening net asset value (NAV), within its 8 to 10 per cent target …

The approach survived a turbulent 2026. After a lengthy standoff with activistShareholderSaba Capital, the trust completed a tender offer in July in which 60.1 per cent of its shares were tendered, handed its management contract to Aberdeen from 1 August, and emerged as a …

That combination of a growing, well-covered dividend and a share price that trades well below net asset value is the main reason the company continues to feature in income portfolios. At 30 June 2026 the shares stood at 101.6p against a NAV of 134.1p, …

Momentum on the ground has continued. First-quarter figures on 23 July 2026 showed record fibre connections, and in June BT agreed to combine its international unit with Verizon's in a 50:50 joint venture. With half-year results due on 5 November 2026,London Stock Exchangeinvestors are …

The deal has been scaled back from earlier ambitions. Press reports say it could raise at least $800m, down from the $1.5bn–$2bn once discussed, with a valuation of around $8bn–$9bn. Airtel Africa shares fell more than 9% in the week before the announcement as …