Business

Alterian shares plunge after second profits warning

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Image caption Alterian's products allow its customers to monitor their brands on social network sites

Shares in Alterian have plunged by almost 35% after the marketing software company issued its second profits warning in little more than a week.

The firm said revenue for the last financial year would be "materially lower" than its forecast last Monday of a 10% shortfall in market expectations.

Last week's profit warning led to the resignation of the firm's chief executive David Eldridge.

The company said it would make a further statement on 18 April.

Alterian's customers include carmaker Jaguar Land Rover, Domino's Pizza and pharmaceuticals giant AstraZeneca.

Shares in London fell 57.5p, or 34.7%, to close at 108p.

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