Advertisement
UK markets open in 51 minutes
  • NIKKEI 225

    38,421.91
    +869.75 (+2.32%)
     
  • HANG SENG

    17,181.69
    +352.76 (+2.10%)
     
  • CRUDE OIL

    83.51
    +0.15 (+0.18%)
     
  • GOLD FUTURES

    2,342.00
    -0.10 (-0.00%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • Bitcoin GBP

    53,504.84
    +40.67 (+0.08%)
     
  • CMC Crypto 200

    1,417.48
    -6.62 (-0.46%)
     
  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     
  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     

BUZZ-ARM: smartphone slowdown risk

** Chip designer ARM falls back after rallying Thursday as Bernstein downgrades to "underperform"

** Broker sees genuine risk of the smartphone slowdown observed in 1Q15 being the first of a series, more than an inventory correction

** Notes signs of significant average selling price (ASP) pressure, down 16% yoy at US peer Qualcomm (Hanover: QCI.HA - news) in 1Q15

** Stock, down 3.2%, easily top faller on FTSE 100 ; rose c.2% on Thursday, FT attributed the strength to raised earnings guidance from FIH Mobile, the Foxconn-owned factory operator that builds Xiaomi smartphones (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)