Nearly
€3bn
($3.8bn)
was
erased
from
E.ON’s
market
capitalisation
as
shares
fell
more
than
10%
on
13
November
on
the
update.
E.ON,
by
some
accounts
the
world’s
largest
non-state
energy
utility,
insists
it
will
meet
the
updated
2012
forecast
it
issued
in
August.
However,
its
guidance
for
next
year
no
longer
seems
achievable
“considering
the
substantial
economic
uncertainties
and
the
structural
changes
in
the
energy
industry”
in
Europe,
according
to
chief
executive
Johannes
Teyssen.
E.ON’s
forecast
for
2015
–
revamped
in
the
wake
of
Germany’s
decision
to
phase
out
nuclear
and
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