Drax Faces a Major Trading Decline Amid Regulatory Probes

On this episode of Stock Movers:
- Drax shares fall as much as 12%, the steepest decline since March 2023, after the UK power producer said it’s facing a probe by the Financial Conduct Authority.
- Pernod Ricard SA shares rose after reporting sales that topped analyst expectations and forecasting a pickup in demand in the second half of its new financial year as trade restrictions eased in key markets such as China.
- Delivery Hero shares fluctuate as the food ordering firm’s earnings beat in the first half, aided by a strong performance in Asia, is tempered by a cut to its annual guidance.

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