Marconi shareholders suffer

SHAREHOLDERS in stricken telecoms firm Marconi could be left owning less than 1% of the group following a rescue financial restructuring deal, it was claimed yesterday.

Investors in the firm have already suffered heavy losses after watching their shares dive from more than £12 at the height of the tech boom to just 3.6p at close of trading yesterday.

Two years ago the former FTSE 100 group was worth nearly £35 billion but yesterday it is valued at just £100 million.