Back
21 Apr 2015
SKY pushes FTSE higher
FXStreet (Mumbai) - The London’s Ftse index advanced moderately on Tuesday, supported by the strong gains in SKY shares on the back of an upbeat third quarter results. The FTSE 100 index was up 33.25 points at 7,085.38.
Sky shares were up 4.3% after operating profits for the nine months to the end of March rose 20% to GBP 1.025 billion. Shares in ARM holdings rose 4.2% after the chip maker reported a 24% rise in first quarter pre-tax profits.
Meanwhile, the losing side includes shares in Associated British Foods, which fell 2.8% after the company reported a fall in half-year profits. Shoe Zone shares plunged by a third after it issued a profit warning.
FTSE Technical Levels
The immediate support is seen at 7100 and 7119.35 (record high). On the other hand, a break below 7065.08 (Mar. 24 low), under which losses could be extended to 6979.32 (Apr. 17 low).
Sky shares were up 4.3% after operating profits for the nine months to the end of March rose 20% to GBP 1.025 billion. Shares in ARM holdings rose 4.2% after the chip maker reported a 24% rise in first quarter pre-tax profits.
Meanwhile, the losing side includes shares in Associated British Foods, which fell 2.8% after the company reported a fall in half-year profits. Shoe Zone shares plunged by a third after it issued a profit warning.
FTSE Technical Levels
The immediate support is seen at 7100 and 7119.35 (record high). On the other hand, a break below 7065.08 (Mar. 24 low), under which losses could be extended to 6979.32 (Apr. 17 low).