Danish company blames Donald Trump for derailing its business model after market value drops by a third
Europe’s largest wind power company has blamed Donald Trump for derailing its business model, after it unveiled 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.
