Marconi shares continue to slide

Shares in telecoms equipment firm Marconi slumped again today as its failure to land a lucrative contract from BT continued to alarm investors.

The company lost around £100m (€147.8m) of its value, adding to the £400m (€591m) wiped out yesterday in the wake of the news that BT had chosen eight of Marconi’s rivals to equip a £10bn (€14.8bn) overhaul of its network.