AA shares fall by nearly a quarter after profits and dividends warning

Profits and shareholder payouts fall as breakdown firm undergoes strategic £45m overhaulShares in the AA plunged by almost a quarter after the firm warned profits would be lower than expected and slashed dividend payouts to shareholders.Revealing a new strategy, the company said plans to invest £45m to improve the business would weigh on profits for the year ending January 2019. It expects profits over the period to be in the range of £335m to £345m, below City expectatio