Marconi falls again on new profit fears; MARKET REPORT.(Statistical Data Included)

Byline: GEOFF FOSTER

FALLEN electronics giant Marconi, the former GEC, succumbed to renewed selling pressure touching a low of 591/2p before closing 41/2p lower at 613/4p.

More than 39m shares changed hands amid revived rumours that another profit warning could be on the agenda.

At the annual meeting in mid- July.

chief executive Lord Simpson admitted that numbers in its July 4 trading statement were not 'copper-bottomed'.

Rumours are also rife that he is under increasing pressure from institutional shareholders to sell three divisions and close its mobile technolgy operation.

Investors want Marconi to unload its domestic …

Marconi falls again on new profit fears; MARKET REPORT.(Statistical Data Included)

Byline: GEOFF FOSTER

FALLEN electronics giant Marconi, the former GEC, succumbed to renewed selling pressure touching a low of 591/2p before closing 41/2p lower at 613/4p.

More than 39m shares changed hands amid revived rumours that another profit warning could be on the agenda.

At the annual meeting in mid- July.

chief executive Lord Simpson admitted that numbers in its July 4 trading statement were not 'copper-bottomed'.

Rumours are also rife that he is under increasing pressure from institutional shareholders to sell three divisions and close its mobile technolgy operation.

Investors want Marconi to unload its domestic …