Major contract loss at Wolfson

Oliver Smith
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BLACKBERRY semiconductor supplier Wolfson Microelectronics saw its share price plummet yesterday as it warned that cancellations from one of its major customers could affect its fourth quarter results.

The FTSE 250 company said its third quarter results due on 29 October would be in line with expectations.

However, nervous investors sent Wolfson’s share price down 15.7 per cent to close at 147p yesterday.