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| UK shares boosted by ARM takeover bid | UK shares boosted by ARM takeover bid |
| (about 4 hours later) | |
| (Noon): The FTSE 100 was up slightly in midday trade on Monday, as shares in ARM Holdings soared by more than 40%. | |
| The Cambridge-based chipmaker has agreed to be taken over by Japan's Softbank for £24bn. | The Cambridge-based chipmaker has agreed to be taken over by Japan's Softbank for £24bn. |
| In midday trade in London the FTSE had gained 23.95 points, or 0.36%, to 6693.19. Other winners were Sage, RBS Group, RSA Group, and Travis Perkins. | |
| Miners were among the main losers, with Anglo American, BHP Billiton, and Rio Tinto all down. | |
| As well as ARM, other winners on the FTSE included airlines group IAG, Sky, GKN, and ITV. | As well as ARM, other winners on the FTSE included airlines group IAG, Sky, GKN, and ITV. |
| Meanwhile shares in another UK chip firm, Imagination Technologies were up by 10%. | |
| The FTSE 250, which is more weighted towards UK companies, was up by 175 points, or 1%, at 16902.44. | |
| The pound was up 0.36% against the dollar at $1.3231. Against the euro, it was up 0.34% at €1.1976. | |