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Sector movers: Apple results give UK tech stocks a boost, ARM rises

Wed, 28th Jan 2015 15:27

Forecast-busting results from US smartphone and tablet giant Apple gave London-listed tech shares a boost on Wednesday, especially those of supplier ARM Holdings.ARM, the semiconductor and software design firm whose chips are used in Apple's iPhones, was bolstered by the news that the California-based group sold 74.5m of the smartphones in three months to December.Apple's chief executive Tim Cook said that demand for the iPhone was "staggering", as the company reported a record quarterly net profit of $18bn, well ahead of analysts' expectations."Apple results beat even the highest of company or analyst expectations as the new iPhone 6 and iPhone 6 plus smartphones flew off the shelves," said analyst Jasper Lawler from CMC Markets.ARM's shares were up 1.4% at 1,045.75p ahead of the close."Following on from last night's jaw-dropping Apple figures, ARM Holdings, the chip maker of choice for smartphone manufacturers has received a healthy boost," said IG's Alastair McCaig.Others in the technology hardware and equipment sector were also higher, including Imagination Technologies, Pace, Laird, Vislink and Sepura.Top performing sectors so far todayBeverages 14,904.45 +1.89%Electricity 9,330.47 +1.82%Technology Hardware & Equipment 1,243.05 +1.62%Household Goods & Home Construction 13,243.22 +1.48%Real Estate Investment Trusts 3,328.66 +1.36%Bottom performing sectors so far todayFood & Drug Retailers 3,166.00 -2.49%Oil & Gas Producers 7,240.39 -2.02%Chemicals 11,529.24 -1.55%Banks 4,338.86 -0.79%Industrial Transportation 2,792.33 -0.75%
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14 Sep 2016 16:09

LONDON MARKET CLOSE: Stocks End Mixed After Oil Price Fall

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Sepura Says Received Takeover Approach But No Bid Forthcoming

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19 Jul 2016 15:51

Directors dealings: Commercial property firm McKay's boss and finance chief sell shares

(ShareCast News) - McKay Securities's boss, Simon Perkins, and his finance chief Giles Salmon unloaded a raft of shares in the real estate investment trust awarded to them as part of the company's 2007 Mckay performance scheme, on 18 July, the company said in a statement. Perkins sold 127,938 sha

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15 Jul 2016 15:55

LONDON MARKET CLOSE: Speech By BoE's Haldane Takes Shine Off Pound

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15 Jul 2016 13:56

Sepura secures NYC Transit contract, goes ahead with placing

(ShareCast News) - Critical communications system provider Sepura announced on Friday that it has been formally contracted to supply a TETRA network for New York City Transit. The London-listed group previously announced on 4 April that it had received a 'Notice to Proceed', pending the signing of t

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15 Jul 2016 10:54

LONDON MARKET MIDDAY: Terror Attack In France Weighs On Travel Stocks

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