Hochtief cuts profit forecast as CEO resigns

Hochtief cuts profit forecast as CEO resigns

German construction group Hochtief on Monday cut its 2011 forecasts sharply after a profit warning from Australian unit Leighton, and said that its chief executive was stepping down. Shares in Hochtief plunged 9.2 percent in Frankfurt.

Hochtief shares head down under due to Aussie subsidiary

Hochtief shares head down under due to Aussie subsidiary