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Shares fall 40% as Pace feels squeeze

Published 11/05/2011

Set-top box maker Pace slashed profit expectations after it admitted its supply chain had been squeezed by factors including the Japanese tsunami.

Shares in the West Yorkshire-based firm, which makes satellite and cable TV boxes, were down 40% after it said profits for the full-year would be between $150m (£97m) and $170m (£110m).

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