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April 23, 2013, 12:14 p.m. EDT

ARM Holdings leads U.K. market higher

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By Sara Sjolin, MarketWatch

LONDON (MarketWatch) — Shares of ARM Holdings PLC led U.K. stocks higher on Tuesday, after a well-received earnings report, while Associated British Foods PLC gained after declaring an increase in dividends.

The FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX -0.52%  jumped 2% to end at 6,406.12.

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ARM Holdings   rallied nearly 12%, after the chip maker posted a better-than-expected 28% rise in first-quarter revenue, boosted by strong demand for its microchip designs. Adjusted pretax profit jumped 44%, beating expectations of a 25% rise.

Shares of Associated British Foods /zigman2/quotes/204493701/delayed UK:ABF -0.51%  surged 8.1%, after the food and clothing company reported a 26% rise in first-half pretax profit and declared a 10% increase in interim dividends.

International Consolidated Airlines Group SA /zigman2/quotes/208070069/delayed UK:IAG -1.73%  gained 5.2%, after shareholders at Vueling Airlines SA , a low-cost Spanish carrier, accepted a cash tender offer for most of the stake in the company not already owned by IAG.

Rolls-Royce Holdings PLC  gained 3.3%. The power-systems developer said it has agreed to sell its shareholding and interest in the RTM322 helicopter-engine program to Turbomeca, which is part of engineering group Safran SA /zigman2/quotes/206963350/delayed FR:SAF 0.00% .


Reuters Enlarge Image
Mining firms drop on Tuesday.

Shares of SABMiller PLC  gained 3.4%, after the brewer said Executive Chairman Graham Mackay has been diagnosed with a brain tumor and therefore has accelerated the planned promotion of Alan Clark to chief executive with immediate effect.

Banks were also among notable movers, tracking gains for the sector across Europe, after weak macro economic data fueled speculation that the European Central Bank could move to cut rates at its policy-setting meeting next week.

Lloyds Banking Group PLC /zigman2/quotes/202285510/delayed UK:LLOY -1.90%   /zigman2/quotes/200709414/composite LYG -4.31%  added 4%, Barclays PLC /zigman2/quotes/208409333/delayed UK:BARC -1.70%  gained 3% and HSBC Holdings PLC /zigman2/quotes/203901799/delayed UK:HSBA +1.13%    /zigman2/quotes/202687335/delayed HK:5 0.00%  rose 1.3%.

Disappointing data from China weighed on mining stocks, as the country is a major user of natural resources. The preliminary version of HSBC’s manufacturing purchasing managers’ index fell to a two-month low of 50.5 from March’s final reading of 51.6, and below a Bloomberg forecast of 51.5.

Shares of Fresnillo PLC /zigman2/quotes/201300065/delayed UK:FRES +1.75%  dropped 2.2%, Antofagasta PLC /zigman2/quotes/200173667/delayed UK:ANTO 0.00%  slipped 1% and Randgold Resources Ltd.  fell 0.8%. In contrast, Rio Tinto PLC /zigman2/quotes/208934945/delayed UK:RIO -0.45%   /zigman2/quotes/202627887/composite RIO -2.03%   /zigman2/quotes/200083756/delayed AU:RIO -0.84%  inched 0.7% higher and Anglo American PLC /zigman2/quotes/201381512/delayed UK:AAL -0.62%  rose 0.2%.

Outside the main index in London, shares of Kazakhmys PLC /zigman2/quotes/208098927/delayed UK:KAZ +0.19%  lost 3.8%, after Goldman Sachs cut the miner to sell from neutral.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,329.77
-33.16 -0.52%
Volume: 193,899
Nov. 27, 2020 10:42a
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/zigman2/quotes/204493701/delayed
UK : U.K.: London
2,128.00 p
-11.00 -0.51%
Volume: 178,155
Nov. 27, 2020 10:42a
P/E Ratio
36.94
Dividend Yield
0.00%
Market Cap
£16.87 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208070069/delayed
UK : U.K.: London
161.80 p
-2.85 -1.73%
Volume: 9.95M
Nov. 27, 2020 10:42a
P/E Ratio
N/A
Dividend Yield
6.47%
Market Cap
£8.48 billion
Rev. per Employee
N/A
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/zigman2/quotes/206963350/delayed
FR : France: Euronext Paris
122.00
0.00 0.00%
Volume: 129,199
Nov. 27, 2020 11:42a
P/E Ratio
78.45
Dividend Yield
0.00%
Market Cap
€49.62 billion
Rev. per Employee
€262,963
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/zigman2/quotes/202285510/delayed
UK : U.K.: London
36.61 p
-0.71 -1.90%
Volume: 44.55M
Nov. 27, 2020 10:42a
P/E Ratio
89.29
Dividend Yield
0.00%
Market Cap
£26.99 billion
Rev. per Employee
£635,594
loading...
/zigman2/quotes/200709414/composite
US : U.S.: NYSE
$ 2.00
-0.09 -4.31%
Volume: 6.14M
Nov. 25, 2020 7:00p
P/E Ratio
98.04
Dividend Yield
2.78%
Market Cap
$36.12 billion
Rev. per Employee
$810,852
loading...
/zigman2/quotes/208409333/delayed
UK : U.K.: London
138.70 p
-2.40 -1.70%
Volume: 14.30M
Nov. 27, 2020 10:42a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£24.87 billion
Rev. per Employee
£371,819
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/zigman2/quotes/203901799/delayed
UK : U.K.: London
402.35 p
+4.50 +1.13%
Volume: 10.74M
Nov. 27, 2020 10:42a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£81.12 billion
Rev. per Employee
£314,521
loading...
/zigman2/quotes/202687335/delayed
HK : Hong Kong
HK$ 42.00
0.00 0.00%
Volume: 48.92M
Nov. 27, 2020 4:09p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
HK$841.39 billion
Rev. per Employee
HK$3.14M
loading...
/zigman2/quotes/201300065/delayed
UK : U.K.: London
1,107.50 p
+19.00 +1.75%
Volume: 470,505
Nov. 27, 2020 10:42a
P/E Ratio
51.80
Dividend Yield
1.02%
Market Cap
£8.01 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200173667/delayed
UK : U.K.: London
1,215.50 p
0.00 0.00%
Volume: 132,053
Nov. 27, 2020 10:40a
P/E Ratio
45.14
Dividend Yield
0.82%
Market Cap
£11.99 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208934945/delayed
UK : U.K.: London
4,879.50 p
-22.00 -0.45%
Volume: 520,467
Nov. 27, 2020 10:42a
P/E Ratio
13.94
Dividend Yield
6.09%
Market Cap
£82.49 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202627887/composite
US : U.S.: NYSE
$ 66.28
-1.37 -2.03%
Volume: 2.92M
Nov. 25, 2020 7:00p
P/E Ratio
14.99
Dividend Yield
5.82%
Market Cap
$110.38 billion
Rev. per Employee
$852,406
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 102.00
-0.86 -0.84%
Volume: 1.11M
Nov. 27, 2020 4:10p
P/E Ratio
15.54
Dividend Yield
5.55%
Market Cap
$150.17 billion
Rev. per Employee
$1.14M
loading...
/zigman2/quotes/201381512/delayed
UK : U.K.: London
2,252.50 p
-14.00 -0.62%
Volume: 393,406
Nov. 27, 2020 10:42a
P/E Ratio
16.86
Dividend Yield
2.49%
Market Cap
£28.45 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208098927/delayed
UK : U.K.: London
639.20 p
+1.20 +0.19%
Volume: 153,366
Nov. 27, 2020 10:30a
P/E Ratio
7.33
Dividend Yield
1.41%
Market Cap
£2.97 billion
Rev. per Employee
N/A
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Sara Sjolin is a MarketWatch reporter based in London. Follow her on Twitter @sarasjolin.

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