Ericsson issues profits warning as handset sales slide

Ericsson has seen its share price plummet by 17% on the Stockholm stock exchange after issuing a profit warning.

When trading resumed following a brief suspension, Ericsson shares fell by 14 kronor to 67.5 kronor (that's £4.67). The share price has nosedived by about 70% since its high of 230 kronor on March 6, 2000.