Sales boost for Marconi

Telecoms equipment group Marconi today unveiled a 5% lift in third-quarter sales, but said margins this year would be towards the lower end of expectations.

The group, which completed a life-saving financial restructuring in 2003, said sales in the three months to December 31 had risen to £330m (€479.5m) from £314m (€456m) in the same period the year before at constant currencies.