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11/09/2001
New hope for Marconi as shares rise
Shares in UK telecoms equipment maker Marconi have risen by 14 per cent amidst renewed hopes that the company may survive its current debt of £4.5 billion.
The hopes were raised on Monday after several banks agreed to extend their credit lines to the firm. However, ahead of Monday's 4p rise in its share price, market speculators had forced the price down to 29.5p, betting on its collapse.
Marconi's share price has plummeted from a high of £12.50 a year ago to just 33.5p on Monday.
The company’s debts have also continued to burden the company and some analysts continue to have doubts over their ability to repay them.
These continuing problems were worsened when the company announced 10,000 job cuts earlier this year.
Marconi also caused a stir recently with a £1 million pay-off to recently departed chief executive, Lord Simpson. (MB)
The hopes were raised on Monday after several banks agreed to extend their credit lines to the firm. However, ahead of Monday's 4p rise in its share price, market speculators had forced the price down to 29.5p, betting on its collapse.
Marconi's share price has plummeted from a high of £12.50 a year ago to just 33.5p on Monday.
The company’s debts have also continued to burden the company and some analysts continue to have doubts over their ability to repay them.
These continuing problems were worsened when the company announced 10,000 job cuts earlier this year.
Marconi also caused a stir recently with a £1 million pay-off to recently departed chief executive, Lord Simpson. (MB)
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27 September 2001
Marconi shares hit all-time low as company rated “worthless”
Shares in beleaguered telecoms equipment manufacturer Marconi, have fallen to an all-time low after City analysts rated the company’s value as ‘worthless’. Investors in the company have seen Marconi’s share price tumble to 18p, from a sometime high of £12.
Marconi shares hit all-time low as company rated “worthless”
Shares in beleaguered telecoms equipment manufacturer Marconi, have fallen to an all-time low after City analysts rated the company’s value as ‘worthless’. Investors in the company have seen Marconi’s share price tumble to 18p, from a sometime high of £12.
06 September 2001
Shares in mired Marconi tumble
Shares in crisis-hit telecoms equipment maker Marconi, have slumped 28 per cent to close at just 38 pence, wiping £400m off the firm's share value in one day. The FTSE 100 company has now lost 95 per cent of its value since the end of last year.
Shares in mired Marconi tumble
Shares in crisis-hit telecoms equipment maker Marconi, have slumped 28 per cent to close at just 38 pence, wiping £400m off the firm's share value in one day. The FTSE 100 company has now lost 95 per cent of its value since the end of last year.
15 August 2001
Marconi face FTSE-100 relegation
Telecoms company Marconi were in further trouble on Tuesday as the company’s share price fell by 12 per cent. As a result of the sliding stock many investors believe the company could be relegated from the FTSE-100 index.
Marconi face FTSE-100 relegation
Telecoms company Marconi were in further trouble on Tuesday as the company’s share price fell by 12 per cent. As a result of the sliding stock many investors believe the company could be relegated from the FTSE-100 index.
03 August 2001
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
05 September 2001
Marconi shareholders furious at pay-off for departing CEO
Shareholders at Marconi have expressed fury at a possible £1 million pay-off to the departing chief executive of the troubled UK telecoms equipment manufacturer. Marconi shocked the markets on Tuesday by announcing a further 2,000 job cuts on top of the 8,000 already announced earlier this year.
Marconi shareholders furious at pay-off for departing CEO
Shareholders at Marconi have expressed fury at a possible £1 million pay-off to the departing chief executive of the troubled UK telecoms equipment manufacturer. Marconi shocked the markets on Tuesday by announcing a further 2,000 job cuts on top of the 8,000 already announced earlier this year.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
