Tuesday, 22nd July 2014

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News & Reports

FTSE 100 movers: ARM leads the charge after strong Q2

Tue 22nd Jul 14, 15:53

Natasha Roberts

Chip designer ARM Holdings was a high riser as it delivered a confident outlook, hailing a "healthy pipeline of opportunities" after strong licensing results helped profits beat expectations in the second quarter. The tech group, which makes processors for smartphones and tablets, said pre-tax profit in the six months to June 30th rose 9% year-on-year to 94.2m, ahead of the 91m estimated by analysts.

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Results Round-up

Chip designer ARM Holdings delivered a confident outlook on Tuesday, hailing a "healthy pipeline of opportunities" after strong licensing results helped second-quarter profits beat expectations for the period. 39 minutes ago

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