Ørsted shares at all-time low after Trump halts work on US windfarm

Shares drop by 17% after stop-work order on $1.5bn project off Rhode Island, which was 80% complete

Shares in Ørsted hit an all-time low on Monday after the Trump administration ordered Europe’s largest wind power company to stop work on a near complete windfarm.

Ørsted’s shares plunged 17%, after it was forced to stop construction on its $1.5bn (£741m) Revolution Wind project off the coast of Rhode Island.