Strong gains from AVEVA gave software stocks a boost on Tuesday, while ARM Holdings was providing a lift in the technology sector.
1630: Close It was an upbeat finish for UK stocks today, with financial stocks leading the way on the back on strong UK gross domestic product (GDP) growth in the first quarter, up 0.8 per cent, although this missed expectations of 0.9 per cent.
FTSE 100 at highest since March 6th; UK GDP picks up, economic sentiment rises; Serco plummets after profit warning; Shire gains on potential takeover from Allergan.
FTSE 100 at highest since March 6th; Russia-West tensions ease slightly; UK GDP data expected to show stronger growth; Serco drops after profit warning.
Wolfson Microelectronics, the designer of audio chips for smartphones, tablet computers and video game consoles, is asking shareholders to back a takeover offer by US rival Cirrus Logic. The company recommends that investors accept the 291m pounds - 235p a share - offer, making for a premium of 75.4 per cent over yesterday's closing price, The Scotsman reports.
Wolfson Microelectronics has agreed to a 291m-pounds cash takeover offer from Texas-based semiconductor group Cirrus Logic.
Wolf Minerals, which has a tin and tungsten mining scheme in south-west England, has halted trading of its shares on the Australian Securities Exchange (ASX) to allow it to raise capital.
Aberdeen Asset Management: Goldman Sachs lowers target price from 600p to 540p, while its buy recommendation is kept.
Shares of Imagination Technologies jumped on Thursday after it confirmed that Apple had opted to extend a long-running trading relationship with the firm which dates all the way back to 2007.
ARM Holdings: HSBC reduces target price from 1120p to 1080p and stays with its overweight rating.
Swings to Q4 loss as it loses ground to a competitor; Volatile mobile phone market; Eyes growth in H2 of 2014 on new product launches
A negative reaction to results from ARM Holdings dragged the technology sector lower on Tuesday as weak royalty revenue growth once again disappointed investors.
Technology stocks were making gains on Friday on hopes of new business for microchip designer ARM Holdings, while the non-life insurance sector was dragged lower by a sell-off at RSA Insurance.
Alternative Networks: FinnCap takes target price from 390p to 430p and retains a buy recommendation. Investec ups target price from 390p to 440p maintaining a buy recommendation.
African Barrick Gold: Investec places its target price (prev.: 137p) under review and keeps a sell recommendation. Canaccord Genuity upgrades from sell to hold with an unchanged target price of 125p.
Andor Technology: WH Ireland ups target price from 420p to 435p, while downgrading from buy to outperform.
Alternative Networks: Westhouse Securities downgrades to neutral with a target price of 350p.
Wolfson Microelectronics, a supplier of mixed-signal semiconductors for consumer electronic products, said it expects fourth quarter revenue to be hurt by customers cancelling or delaying their product development plans.
African Minerals: Deutsche Bank cuts target price from 550p to 450p and retains a buy recommendation. Citi lowers target price from 380p to 320p keeping a buy recommendation.
The launch of Apple's two new smartphone models may not have boosted the US group's own share price on Wednesday, but it did have a positive effect on two tech stocks in the UK, namely ARM Holdings and Imagination Technologies.