London's top share index ticked towards 6,000 late on Wednesday as tech giant ARM Holdings added 11% on rumours of a deal with Microsoft.
The FTSE added a further 30 points, adding to steady gains made throughout the week, to reach 5,978 with an hours trade remaining. ARM jumped 43p, or almost 11%, to 447p after after Microsoft was said to be preparing a version of Windows to run on ARM's chips. Elsewhere, BSkyB added 2% amid speculation News Corp.'s takeover of the company will go ahead. There has been some big economic news on Wednesday, with revised ONS data showing UK gross domestic product (GDP) rose 0.7% in Q3, just below its initial 0.8% estimate. Meanwhile, minutes from the December meeting of the Bank of ...
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