Scotland business

Wolfson Electronics shares dive after warning

Image caption Wolfson has been hit by weak consumer demand for gadgets

The Edinburgh chip maker Wolfson Electronics has seen its share price fall by more than a quarter.

The company which supplies Blackberry, Samsung and sat-nav maker Tom Tom said sales over the past three months were lower than expected.

Wolfson said sales in the quarter to the end of June would be about £23m - 15% worse than previously forecast.

Even though the company said some of its designs were translating into revenue, its share price fell by 26%.

The company has been hit by weak consumer demand for gadgets.

Wolfson employs 370 people across the world.

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