Volex turn the corner May 3rd, 2008
In March Volex, the supplier of electronic cables and assemblies issued a third profit warning and said that it would be lossmaking in the second half of the year due to falling orders from the US. The shares fell over 20% to just over 70p. However, less than 2 months on Volex shares have turned the corner with the price now above the 100p marker. News that the worst of the credit crunch is over and the decisive action on interest rates in the US is sure to help.
