U.K. Stocks Erase Drop as Miners Pare Slide; ARM Holdings Jumpsby
After fluctuating between gains and losses, Britain’s stocks ended little changed.
ARM Holdings Plc jumped 6.5 percent as the chip designer posted quarterly sales that beat analysts’ estimates. Reckitt Benckiser Group Plc added 2.5 percent after reporting the steepest quarterly revenue increase in more than five years and raising its full-year outlook. Sky Plc climbed 2.5 percent after saying sales increased. Pearson Plc tumbled 16 percent, the most since at least 1988, after lowering its full-year profit forecast. Anglo American Plc dropped 3 percent, as miners fell for the fourth time in five days.
The FTSE 100 Index rose less than 0.1 percent at the close of trading in London, after falling as much as 0.5 percent and rising 0.7 percent. The volume of shares changing hands was 20 percent lower than the 30-day average. The broader FTSE All-Share Index was also little changed, while Ireland’s ISEQ Index advanced 0.9 percent.