Arm Holdings falls after strong run There was enough market-moving company news to keep investors occupied as they prepared for the delayed US jobs report, which is published a little more than two-weeks late due to the recent US government shutdown. Chip designer Arm Holdings was the biggest faller in early trade, coming off a strong run ahead of this morning's third-quarter earnings. The company reported £184m in third-quarter revenues, up 27 per cent on the year-ago quarter, and ahead of analyst expectations of £176m. It said licensing revenues rose 52 per cent in US dollars. Analysts suggested the selling - the shares were down 3.7 per cent to £10.01 - was mainly down to the lower than expected royalty revenues. However, the shares are up nearly 30 per cent this year, and most brokers were impressed overall. The licence result is the key metric that will drive future royalty performance and as such suggests a strong outlook ahead. This supports our continued buy stance," said Julian Yates at Investec. Reckitt Benckiser was the best riser on the FTSE 100, gaining 4.5 per cent to £47.02 after it put its underperforming pharma unit up for sale. BHP Billiton led the mining sector higher after it raised its iron ore output forecasts for the full-year, helped by strong demand in China. Its shares were up 2.5 per cent at £19.21. Overall, London's main index gained 11 points to 6,664.49, a rise of 0.2 per cent. On the European earnings front, Swedbank was up 4.3 per cent in Stockholm at SKr170 after Sweden's second-largest bank reported third-quarter operating profit ahead of expectations.