Posts Tagged ‘drax’

Drax to diversify April 20th, 2008

Drax, the coal-fired power station company, is looking to reduce the risk of the price rises affecting coal by diversifying in to gas-fired power stations. Drax has considered several opportunities to date but so far nothing has caught the eye and warranted a bid. The purchase of a gas-fired station would be dependant on value as previous potential targets have been seen as too expensive.

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    • Initial Charge
      The amount charged by a fund manager e.g. a unit trust, when an investment is first made and units first purchased. The initial charge can be around 5% for an equity fund, but is lower for a bond, managed or cash fund. Buying through a Fund Supermarket usually works out cheaper as they are able to negotiate discounted initial charges.