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Areva shares drop in fall out from Fukushima and unfinished Finnish nuclear project

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Areva shares drop in fall out from Fukushima and unfinished Finnish nuclear project

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Shares in Areva, the French nuclear company, have plunged some 23 percent.

The drop is a result of the fall out from delays to the Finnish nuclear project and the Fukushima disaster.

As a result Areva is suspending its financial targets for 2015 and 2016.

The cards have been on the table for a while in August Areva announced a €694m euro loss for the first half of the year and that revenue for 2014 would fall by some 10 percent up from the 2.5 percent originally forecast.