6 July 2001, 09:16 European stocks end lower on Marconi warning
London, July 5 (BridgeNews) - A profit warning from U.K. telecoms
equipment and service provider Marconi PLC (MONI) hung heavy over European
stock markets, and ensured all major indices ended in the red. Marconi
shares fell more than 50%, and other technology and telecommunication
stocks were dragged lower in its wake. Decisions to keep U.K. and European
interest rates on hold had been widely expected by investors. At 1600 GMT
the FTSE Eurotop 100 Index was down 19 points at 3127 points.
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