Bloomberg: Drax Group Plc, the owner of Western Europe’s biggest coal-fired power plant, reported a 24 percent decline in full-year profit because of lower power prices and higher fuel costs. Net income was 353 million pounds ($701 million), or 99 pence a share, from 463.5 million pounds, or 116 pence, in 2006, the Selby, England-based company said today in a statement. The company’s finance director will resign later this year. Profit per unit of power produced slid as gains in …