FTSE up after strong news from Microsoft

Professional Adviser
clock

Positive news for Microsoft and Motorola has lifted the FTSE 100 away from its seven-day low this...

Positive news for Microsoft and Motorola has lifted the FTSE 100 away from its seven-day low this morning, to bring the UK index up 52.1 points to 5444 points. Having posted its lowest close yesterday since March 22, the FTSE is showing strong gains for the technology and telecoms sector, with ARM up 17p or 8.3% to 222p, Cable & Wireless up 15p to 382p and Gresham Computing up 2.75p or 12% to 25.75p even though the firm says market conditions "remain difficult". Its half-year loss per share narrowed to 1.71p from 6.06p in the same period last year. Firms such as Marconi and Netcall ...

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 •