By Heather McLean, 3 May 2002 10:45
NEWS Vodafone shares fell below a pound this morning - their lowest point in four years - after the group released earnings forecasts for its German and Italian units that failed to meet analyst expectations. By 10:05 (BST) shares were hovering at 103p, but earlier in the morning they dropped as low as 98p. Over £7bn was wiped from the company's value as 240 million shares traded hands in minutes. The company has dropped £205m in value since 2000 and its share price has fallen 44 per cent this year alone.
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