Wednesday, November 16, 2011

Shock: UK climate change hoax consultancy loses chief executive; stock plunges 86%

UPDATE 2-Climate change firm AEA feels profit chill again - Finance News - London South East

Nov 16 (Reuters) - Struggling British climate change consultancy AEA Technology warned on its full-year profits for the second time in seven months on a likely shortfall in sales at one of its U.S. units, and announced an unexpected departure of its chief executive.

The news led to a plunge in the company's stock on Wednesday, wiping out more than three-fourths of its value.

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