20/10/14 Market Movements

Market News

The FTSE100 closed down 43.22 points at 6,267.07 as drops in ARM Holdings Plc and Royal Dutch Shell Plc outweighed Tesco Plc’s gain.

ARM lost 2.59% as investors awaited the chip-design company’s quarterly results, due out tomorrow whilst Shell retreated 2.3%. Tesco climbed 2.7% after a report suggested that a private-equity groups may bid for the grocer’s Asian businesses