E.ON banks on networks to weather coronavirus crisis
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FRANKFURT/DUESSELDORF, Germany (Reuters) - E.ON forecast a jump in profit this year sending its shares up more than 11% as Europe's largest energy network operator looks to ride out the coronavirus crisis supported by revenue from its regulated grids."E.ON can and will deal with this downturn better than most other energy companies," CEO Johannes Teyssen told journalists at the group's annual news conference on Wednesday, pointing to its changed strategy following the break-up of rival Innogy..