Wind generator Ørsted’s shares sink as it makes $9bn cash call

Danish company blames Donald Trump for derailing its business model after market value drops by a thirdEurope’s largest wind power company has blamed Donald Trump for derailing its business model, after it announced a $9bn (£6.7bn) fundraising and its market value plunged by almost a third.The share price for Denmark’s Ørsted tumbled to an all-time low after it told investors on Monday that the “extraordinary situation” facing the industry meant it would need to tap shareholders to cover the costs of its plans. Continue reading...

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