UK Top 10 News

Drax Group PLC, a major UK power generation company, saw a significant drop in its share price after announcing an investigation by the Financial Conduct Authority (FCA).
The probe focuses on the company's accounts and its reported source of 'renewable' fuel, specifically the biomass pellets it uses to generate electricity.
This investigation follows long-standing scrutiny and criticism from environmental groups and some politicians who question the sustainability of the company's biomass supply chain.
Critics have argued that the wood pellets, often sourced from forests in North America, are not truly 'green' and that their production contributes to deforestation.
The FCA's involvement brings a new level of regulatory pressure to the company, potentially impacting its eligibility for government subsidies, which are a crucial part of its business model.
The market's reaction reflects investor nervousness over the potential for fines, changes in policy, or a reclassification of Drax's energy sources, which could fundamentally alter its valuation and future profitability.
For the UK, this story is highly relevant as it touches on a contentious issue at the intersection of corporate governance, climate policy, and the country's energy security strategy.