Intel results give ARM a leg-up on FTSE

Leading shares are mixed at the outset leaving the FTSE 100 barely changed, down 0.32% or 19 points to 6,004, although tech firm ARM received a boost.

Sparkling results after the bell in New York yesterday from chip-maker Intel has whetted appetite for chip designer ARM Holdings. The stock smashed its way to another 52-week high, climbing almost 10% to 552.5p, and is up 40% over the last month. Bovis Homes predicts profits for 2010 will beat consensus estimates. A “significant” improvement in profits to more than £16.3m has been driven by a 5% increase in the number of legally completed homes to 1,901 at an average sale price of £160,700, up 4% on the year before. UK defence giant BAE Systems has made an agreed offer for AIM-list...