Drax Shares Surge on Data Center Hopes

Drax Group Plc shares surged to their highest level in over three years as investors bet that UK utilities could become major beneficiaries of the country’s rapidly expanding data center industry. The company’s stock rose as much as 8.5% after Germany’s RWE AG revealed a €225 million ($261 million) gain from selling a UK data center project, sparking optimism about the value of converting former power sites into hubs for energy-intensive digital infrastructure. The news reinforced investor confidence in D ...