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Psion shares slide

UK handheld computer maker Psion shares hit choppy waters again today despite the FT-SE 100 index hitting a new high.

Its shares fell 5.5p to 278.5p after fears spread that profits will be hurt by a strong pound and product launch costs.

In June, Psion shares lost 20 per cent of their value in one day when the London-based company launched the Series 5 and issued a profits warning.