Stockwatch Daily: A weak start to the week

ARM's raised as Vodafone and Infineon fall...

While all major European bourses opened weak this morning, UK chip maker ARM Holdings put in a good show, rising over nine per cent to 219p after announcing a 23 per cent jump in second quarter revenue. Vodafone stocks opened in poor shape dropping 1.6 per cent after the company announced Friday it would curb spending on mobile networks. This morning's fall added to Friday's 4.6 per cent decline and sees Vodafone shares hit their lowest point since October 1998. German chipmaker Infineon also put in a poor performance, dropping 2.39 per cent in early trading after announcing second quarter losses of E598m (£365m) and issuing a downbeat forecast.