By Aled Herbert, 21 February 2002 08:15
NEWS Shares in Cable and Wireless have fallen to a 10-year low after the company released its third profits warning in 12 months. C&W's Global division, on which the company was pinning much of its hopes, is expected to report yearly sales down 10 per cent on the previous 12 months. C&W chairman Graham Wallace remained upbeat, reports the Daily Telegraph. He said: "I think we can see light at the end of the tunnel." "And I hope it's not a train coming down the other end of the line." C&W shares fell 16.5p yesterday from 212p.
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