E.On expected to outline new plan for future

The European energy giant E.On has just reported a 2 percent increase in net income to 6 billion dollars in the third quarter.

This news is in line with predictions and unlikely to excite investors.

In a bid to boost future profits the German firm is set to announce a strategy update later. It is expected to say it is cutting back on its traditional businesses while launching a major drive into emerging markets.

Theo Leggett reports.