Bears tuck into Avanti but...

Global stock markets have taken a right walloping over the last few months - in some cases indices are down 20pc from last year's highs - but there are a few stocks that are getting hit particularly hard.

One of the companies taking a major pounding is London-listed Avanti Communications, the satellite operator and broadband provider. The stock is down almost 12pc today and has crashed 55pc to 113p in the last three months despite a series of upbeat announcements, including client wins in Africa and a British government contract win to provide around 300,000 UK households who have suffered from rubbish internet from BT Group.