Ericsson shares plunge 14% as growth disappoints

APACFT — Shares in Ericsson fell to a three-year low after the Swedish telecoms equipment maker admitted that it had “not been happy” with growth in recent years on the back of weak first-quarter results. The company has promised a turnround with a comprehensive restructuring and cost-cutting programme aimed at refocusing the group on future growth markets.

http://www.ft.com/cms/s/0/a1047c32-07d5-11e6-a623-b84d06a39ec2.html#axzz46W8LrHTu

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s