U.S. defence budget cuts hurt BAE

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U.S. defence budget cuts hurt BAE

by Reuters Videos 1:36 mins

U.S. defence budget cuts hurt BAE

by Reuters Videos 1:36 mins

Europe's biggest defence contractor BAE Systems expects earnings this year to drop by up to 10 percent as a result of U.S. spending cuts. As Hayley Platt reports shares in the British group fell 11% to a 30-week low as a result.

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