Thursday, January 24, 2013

Reuters: Hot Stocks: Apple disappointment pulls Britain's FTSE lower

Reuters: Hot Stocks
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Apple disappointment pulls Britain's FTSE lower
Jan 24th 2013, 08:10

Thu Jan 24, 2013 3:10am EST

British chip designer ARM Holdings was the top FTSE 100 faller, down 1.9 percent after Apple -- for which it is a supplier - missed Wall Street's revenue forecast for the third straight quarter as iPhone sales came in below expectations.

At 0807 GMT in London, the FTSE 100 index was down 9.42 points, or 0.2 percent at 6,188.22, having closed 0.3 percent higher on Wednesday after Unilever had got the UK earnings season off to an encouraging start. (Reporting by Jon Hopkins)

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