Marconi shares halve in value

Markets have no mercy after profits warning...

The value of electronics giant Marconi halved this morning in early trading. Marconi shares on the London Exchange fell by 128.25 points to trade at 116. Shares were suspended yesterday at 245. Most analysts predicted a heavy fall. Marconi shares on the Frankfurt exchange also fell by 50 per cent. The collapse is down from a 52-week high of 1,276.