Advertisement
UK markets closed

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • CRUDE OIL

    82.91
    +1.01 (+1.23%)
     

  • GOLD FUTURES

    2,336.70
    -9.70 (-0.41%)
     

  • DOW

    38,475.07
    +235.09 (+0.61%)
     

  • Bitcoin GBP

    53,598.68
    +362.44 (+0.68%)
     

  • CMC Crypto 200

    1,430.27
    +15.51 (+1.10%)
     

  • NASDAQ Composite

    15,692.96
    +241.65 (+1.56%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

ARM, soon to be bought by Softbank, posts Q2 profit rise

Reuters - UK Focus

LONDON, July 27 (Reuters) - British chip designer ARM Holdings, which earlier this month agreed to be bought by Softbank Group Corp (Xetra: 891624 - news) for $32 billion, reported a 5 percent rise in second quarter profit on Wednesday.

The provider of technology for the iPhone, satellites and supercomputers said that given restrictions linked to Softbank's recommended offer it would not be providing its usual full-year revenue guidance at this stage.

For the three months ended June 30, the company said normalised pretax profit came in at 130.1 million pounds ($171 million) on revenues which rose 9 percent to $387.6 million.

Japan's SoftBank announced its takeover of ARM on July 18, agreeing a deal that it hopes will help it lead the next wave of digital innovation. ($1 = 0.7615 pounds) (Reporting by Sarah Young; editing by Kate Holton)