STM shares plunge on profit warning

STM Group, which provides financial sevices to the rich and famous, has issued a profit warning after economic conditions made clients cut back on its products.

STM Group, which provides financial sevices to the rich and famous, has issued a profit warning after economic conditions made clients cut back on its products.

Revenue for the second half of 2011 is expected to be below management's expectations, prompting a big sell off of its shares, which pushed their value down 21%.

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