UK stocks little change at start, FTSE 100 gains 0.1pc

LONDON: U.K. stocks were little changed, paring an earlier rally, as gains in Sky Plc and ARM Holdings Plc offset a decline in miners.

The FTSE 100 Index added 0.1 percent to 7,055.4 at 11:06 a.m. in London. The FTSE All-Share Index also added 0.1 percent, while Ireland’s ISEQ Index added 0.5 percent.

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Sky jumped 4.5 percent after saying nine-month revenue increased as it signed up more customers. ARM, the chip designer whose technology is in almost all of the world’s smartphones, rose 4.1 after posting first-quarter revenue that increased 22 percent.

Rio Tinto Group lost 2.4 percent after reporting quarterly iron ore production expanded a less-than-estimated 12 percent. Anglo American Plc and BHP Billiton Ltd. also fell, dropping at least 2 percent.