NEWS Marconi is expected to issue a profit warning this afternoon, after suspending trading on the FTSE this morning. The company's board of directors is currently meeting to assess the financial outlook for the second half of the year. A statement is due as soon as the meeting ends. Marconi announced this morning that it had sold its Medical Systems division to Philips for $1.1bn, £400m less than the $1.5bn asking price.
Markets expect Marconi profit warning
Suspended trading a sign of worse to come...
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