Shares
in Areva have plunged after the French nuclear firm suspended its financial
targets for 2015 and 2016.
The
firm blamed delays to its Finnish nuclear project, a slower than expected
restart for its Japanese reactors after the 2011 nuclear accident in Fukushima
and a "still lacklustre" nuclear market for the decision.
Areva
said it was reviewing both its mid-term funding plan and future goals.
The
shares were down 15.5% in morning trading.
However,
Areva said
both its revenue and profit forecasts for this year would not be
affected.
Areva,
which is 87%-owned by the French government, said it would present a new
financial outlook for 2015-2017 by the time of its full-year results.
The
firm's latest announcement follows a series of warnings in recent months. In
August, it reported a €694m (£555m) loss for the first half of the year and
said 2014 revenue would fall 10%, more than the 2-5% drop it originally
forecast in February.
In
October, it also announced capital spending cuts and new asset sales.
The
firm has been hit by a drop in demand for nuclear power following the 2011
nuclear accident in Fukushima, which was triggered by a massive earthquake and
tsunami, and the rise in the use of shale gas in the US.
BBC
Business
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