GE shares hit as dividend and profit outlook cut

From BBC - November 13, 2017

Shares in General Electric fell nearly 4% in early trade after the US conglomerate announced a revamp that could result in a smaller company.

Under the plans, GE will focus on the aviation, power and healthcare sectors.

The company also cut its dividend - for only the third time in its 125-year history - and halved its full-year profit forecast.

GE was the biggest faller on the Dow Jones, although the industrial average was up 12.59 points at 23,434.80.


Continue reading at BBC »