Guardian shares plunge after limp sales warning

Pesky website management division prompts freefall...

Shares in Guardian iT fell over 47 per cent this morning after the data-hosting and recovery specialist said it expected a drop in sales for this quarter. The company identified its website management division as the cause of the problem. Guardian was the biggest loser on the London Stock Exchange this morning. Shares in the company have already dropped 78 per cent this year. However, the company said it expected profits for the six months ending 30 June will be up 35 per cent.