Advertisement
UK markets closed

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • CRUDE OIL

    83.36
    +1.46 (+1.78%)
     

  • GOLD FUTURES

    2,337.00
    -9.40 (-0.40%)
     

  • DOW

    38,484.70
    +244.72 (+0.64%)
     

  • Bitcoin GBP

    53,465.84
    +150.79 (+0.28%)
     

  • CMC Crypto 200

    1,435.68
    +20.92 (+1.48%)
     

  • NASDAQ Composite

    15,708.43
    +257.12 (+1.66%)
     

  • 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

CSR first-quarter revenue falls 24 pct

Reuters - UK Focus

LONDON, April 30 (Reuters) - British chipmaker CSR (Frankfurt: GQY.F - news) reported first-quarter revenue of $180.8 million, down 24 percent but in line with its own forecast, as it shifted its mix towards products for higher-margin markets like music, audio and automotive.

Chief Executive Joep van Beurden said the group was moving towards a more profitable platform business which provided growth opportunities.

Underlying operating profit for the 13 weeks to March 28 was $11.5 million, down from $19.1 million the previous year.

"Encouragingly, our underlying gross margin reached a record of 55.7 percent and we are making good progress in our core businesses of Voice & Music, Auto factory-fit and Bluetooth Smart (Jakarta: SMAR.JK - news) ," he said on Wednesday.

ADVERTISEMENT

The Bluetooth technology specialist, which halted development of products for digital cameras last year, said it expected second-quarter revenue to be between $190 million and $210 million.

(Reporting by Paul Sandle; editing by Kate Holton)