Intel profit news boosts markets but Cisco still falls

Professional Adviser
clock

In early trading the FTSE 100 rose 53.8 points to 5814 as Misys gained 46p to 510p on news this m...

In early trading the FTSE 100 rose 53.8 points to 5814 as Misys gained 46p to 510p on news this morning that it will meet its year-end earning expectations. ARM climbed 30p to 338, Marconi rose 23p to 343, Energis lifted 14p to 295p and Cable & Wireless gained 19.5p to 518p. Footsie stocks also benefitted from market gains in the US yesterday. The Nasdaq added 13.65 points to 1923.22 and the Dow Jones rose 58.17 to 10,216.73 while the Standard & Poor's 500 advanced 12.13 to 1191.81. Tech stocks favoured well by yesterday's US close. Intel gained $3.19 to 29.23 after the microchip...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •