CSR investors await takeover

Oliver Smith
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SOON-to-be-Qualcomm-owned British microchip-maker CSR yesterday posted a 16 per cent decline in third quarter revenues to $212.2m (£134m). However, it saw its share price rise as the majority of the fall was restricted to its legacy home entertainment and handset businesses.

Shares rose 0.73 per cent to 833.50p on news that CSR’s underlying profit for the period rose 36 per cent to $34.4m.