Summary
THUS, the Glasgow-based telecoms company, saw its future as an independent firm cast into doubt yesterday after it issued its second profit warning in the space of three months.
The struggling internet provider, which first warned of tough conditions in July, lost a third of its market value as it admitted that aggressive pricing tactics from rivals would hamper full-year earnings.See the full content of this document
Extract
Warning May Signal End for Thus
The update saw investors scrambling for the exit, sending the shares down 27 per cent, or 4.5p, to 12.5p. The value of the company has almost halved in three...
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