NEWS Yesterday's management reshuffle at ailing UK telco Cable & Wireless has failed to impress investors. Shares in the company fell as much as 10 per cent yesterday after it announced huge losses. This morning shares are trading at 200p. According to this morning's FT, investors are disappointed that fresh blood wasn't brought in from outside to revitalise the company. Investment bank Cazenove downgraded the stock from a "buy" to a "hold".
Cable & Wireless investors shrug off reshuffle
"So what!"
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