Stock Movers Drax Slumps, Pernod Ricard Gains, Delivery Hero Fluctuates
Aug 28, 2025
Drax faces a steep 12% decline due to a regulatory probe, raising concerns about its sustainability practices. Meanwhile, Pernod Ricard bounces back with strong sales and a positive outlook as trade restrictions ease in key markets like China. Delivery Hero shows mixed results—strong earnings in Asia contrast with a cut to its annual guidance, leaving investors navigating the fluctuations.
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Regulatory Probe Sends Drax Tumbling
- Drax shares plunged after the FCA opened a probe into historical statements about biomass sourcing and report compliance.
- The stock fell as much as 12%, marking its worst trading day in years and surprising the market.
Pernod Benefits From Reopening In China
- Pernod Ricard beat sales estimates and flagged a stronger second half as trade restrictions ease in China.
- Investors lifted the stock about 7.5% on expectations of resumed cognac demand and a seasonal rebound.
Delivery Hero's Beat Masks Guidnace Cut
- Delivery Hero's H1 earnings beat was driven by strong Asia performance and favorable currency effects.
- The company still trimmed full-year guidance, so analysts caution the beat may be currency-driven rather than operational strength.