BAE Systems hammering drags host of stocks lower

TROUBLED defence contractor BAE Systems saw nearly £830 million wiped from its market value yesterday after taking yet another hammering in the City.

BAE Systems hammering drags host of stocks lower
Fri, 13 Dec, 2002 - 00:00

Investors vented their frustrations at yesterday’s shock warning of delays to two of its major projects and sent it tumbling 27p to 104p.

BAE’s fall matched a 20% slide yesterday and pulled a host of engineering stocks lower in another depressing day in the City.

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