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Markets react to E.ON profit warning

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By Euronews
Markets react to E.ON profit warning

<p>The profit warning of Germany’s largest utility, E.ON, was harshly sanctioned on Tuesday in Frankfurt.</p> <p>On stock markets weakened by concerns over Greece, the electricity and gas giant’s share price dropped by 11.5%. It was by far the biggest loser on the Dax.</p> <p>E.ON posted a net loss in the third quarter, against benefits a year ago, and this, despite a growth in revenue. The group has warned it won’t reach its 2013 targets and will lower its dividend payments.</p>