Innogy shares drop 13 percent after profit warning
Shares in RWE renewable spin-off Innogy fell more than 13 percent after a profit warning blaming continued problems at its UK household business Npower, report Nathalie Thomas and Tobias Buck in the Financial Times. Other German utilites were also affected. The shares in majority owner RWE lost more than 12 per cent, while stocks in E.ON — which also owns a large UK operation — fell almost 5 per cent.
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Find background in the dossier Utilities and the energy transition.