ARM muscles past forecasts but shares hit by Apple worries
10th Feb 2016 07:10
(ShareCast News) - ARM Holdings posted a strong set of full year results and said it was confident of meeting forecasts for 2016 as demand for its microchip technology continues to grow. Despite the profit warning from smaller peer Imagination Technologies earlier this week, ARM's fourth quarter saw
Read moreFTSE 100 movers: Randgold shines after results but ITV slumps on DB note
8th Feb 2016 14:02
(ShareCast News) - London's FTSE 100 was down 1.9% to 5,737.01 at 1420 GMT, tracking broader market losses, although Randgold Resources bucked the trend following well-received results. Shares in ITV fell sharply on Monday as Deutsche Bank said the broadcaster was lagging the rest of the sector, whi
Read moreApple iPhone sales may miss second quarter expectations
6th Jan 2016 08:15
(ShareCast News) - Sales of Apple iPhones may be slowing, leading to excess capacity and some lay-offs at its key component suppliers, according to reports, which also hit the shares of suppliers including chipmaker ARM Holdings. Some workers at Foxconn technology group, in Zhenghou, China, were lai
Read moreFTSE 100 movers: ARM falls over Apple Christmas sales speculation
18th Dec 2015 14:14
(ShareCast News) - With the US Federal Reserve's hike honeymoon period coming to an end and new easing measures announced in Japan, London markets were similarly affected with the FTSE 100 down 36.19 points (0.59%) to 6,066.35. ARM Holdings was the biggest faller after a perception amongst traders t
Read moreLondon close: Stocks struggle to find direction on lack of drivers
21st Oct 2015 16:16
(ShareCast News) - London stocks ended Wednesday's session flat after wavering throughout the day amid a lack of economic drivers. Equities struggled to find direction as there were few data releases apart from UK public finances, Markit's Household Finance Index and Japanese trade data. UK's headl
Read moreLondon midday: Equity markets rebound as public finance figures beat forecasts
21st Oct 2015 11:19
(ShareCast News) - UK equity markets on Wednesday rebounded from earlier declines after better-than-expected public finance figures. The UK's headline public borrowing declined from an upwardly revised £11.6bn to £9.4bn in September, compared with analysts' expectations for a £10.1bn reading, accord
Read moreARM Holdings quarterly profit surges as full-year revenues remain in line
21st Oct 2015 07:07
(ShareCast News) - Shares in ARM Holdings surged after the chip designer posted a jump in third-quarter pre-tax profit as revenue grew on the back of premium chip pricing and the broadening adoption of its technology, and said it has entered the final quarter of the year with strong royalty momentum
Read moreWednesday preview: Sky reports first quarter, ARM Holdings posts third quarter
20th Oct 2015 12:54
(ShareCast News) - Sky is expected to report a solid first quarter on Wednesday despite losing the broadcasting rights to the Champions League. The company is forecast to report 5% increase in revenues to an underlying £2.78bn and a 5% increase in earnings before interest and tax to £363m, "We expe
Read moreLondon close: Stocks up as US inflation exceeds forecasts
15th Oct 2015 16:15
(ShareCast News) - The UK equity market was in positive territory on Thursday after US inflation data beat forecasts. The US consumer price index for September came in flat from a year ago, better than the 0.1% dip forecast by analysts and following a 0.2% increase in August. Compared to a month ag
Read moreFTSE 100 movers: Burberry trips lower, ARM flexes
15th Oct 2015 13:50
(ShareCast News) - The FTSE 100 slowly recovered Wednesday's losses, up 55.73 (0.89%) to 6,325.34 by mid-afternoon Thursday. Burberry took the biggest hit of the day after it announced sales slowed in the second quarter as the luxury market became "increasingly challenging". While retail sales were
Read moreFTSE 100 movers: ARM, Johnson Matthey and Unilever boosted by upbeat broker notes
25th Sep 2015 15:59
(ShareCast News) - London's FTSE was firmly in the black on Friday, bouncing back as Federal Reserve chairwoman Janet Yellen's argument in favour of raising interest rates this year alleviated concerns about the economic outlook. At 1613 BST, the FTSE 100 index was up 2.6% at 6,115.49. ARM Holdings,
Read moreFTSE 100 movers: Weir bounces on Blackrock buying, Kingfisher knocked off perch
15th Sep 2015 15:19
(ShareCast News) - The FTSE 100 eventually reversed its early losses and most of those from the previous day by a diverse array of companies, with the index up 0.7% to 6,129.2 around an hour before the session's close. Weir was lifted to the top of the leader board apparently due to Blackrock callin
Read moreARM rallies as CFO says smartphone royalties will more than double by 2020
15th Sep 2015 07:53
(ShareCast News) - Shares in ARM Holdings extended earlier gains as investors digested upbeat comments from the company's chief financial officer, who was speaking at the chip designer's analyst and investor day. The CFO said he expects smartphone royalties to more than double by 2020. In addition,
Read moreFTSE 100 movers: Morrison and Marks lead retail rout
14th Sep 2015 16:15
(ShareCast News) - Despite some early gains, the FTSE 100 index closed in the red on Monday, finishing down 0.54% at 6,084.59. The index was led lower by Wm Morrison Supermarkets as its shares were sold down after HSBC slashed its forecasts for 2016-2018 by 20-30% apiece and maintained a 'reduce' ra
Read moreARM Holdings to hint at capital returns soon, Morgan Stanley says
14th Sep 2015 12:39
(ShareCast News) - With ARM Holdings shares reaching higher on Monday, Morgan Stanley predicted encouraging noises may emerge about capital returns at the microchip architect's forthcoming analyst day. ARM will host its annual analyst day on Tuesday and Morgan Stanley said it may be an opportunity "
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