Down beat Wall Street dampens Footsie's gains

Professional Adviser
clock

Trading was light today and early gains, prompted by good figures from ARM, had all but disappe...

Trading was light today and early gains, prompted by good figures from ARM, had all but disappeared by the close of trade thanks to a downbeat start to the day from Wall Street. The FTSE 100 finished the day up 18.2 points to 5405.3. ARM began the week with a flourish after it released a decent set of second-quarter results. Profits came in at £12.2m, ahead of market expectations at around £11m. The figures were accredited to higher sales from licensing, consulting and development services. The shares improved 33p to 234p. Index heavyweight Vodafone also put in a good show...

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 •