Dive, dive, dive...
By Aled Herbert
Published: 2 October 2001 07:45 GMT
Marconi shares fell to a 26-year low yesterday after the telecoms equipment manufacturer warned the events of 11 September will cause it to fall short of first-half targets.
In a statement to the US Securities and Exchange Commission, the company said the terrorist attacks on New York and Washington had "increased the general uncertainty in [its] markets".
Marconi shares fell to 13p from 18.25 - almost 30 per cent - on the news. The company's shares peaked at over 1200p last year.
Analysts last week said shares in Marconi were effectively worthless.
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