Nokia blow K.O.'s telecoms

A profit warning from telecom bigwig Nokia bullied telecom and telecom related stocks further this afternoon and put the seal on a forgettable day in the advancement of the FTSE 100. Nokia said that judging from the first two months of the current quarter, year-on-year sales growth for the second quarter will be worse than expected and growth this year is now expected to be nominally higher than last year. The FTSE 100 finished down 53.7 points to 5806.8. Among the telecom casualties, Telewest lost 6p to 110p, Colt Telecom down 27p to 645p and index heavyweight Vodafone down ...