FTSE 250 movers: Aveva leads downside after profit warning
12th Sep 2014 15:54
Aveva shares were tumbling on Friday after the group issued a profit warning. Currency movements and the timing of contract renewals had already been flagged, but the company also said that a sales force reorganisation and a softening of demand in some markets would also have an impact on numbers. A
Read moreSector movers: Aveva profit warning sinks software stocks
12th Sep 2014 13:52
A profit warning from Aveva sent the UK-listed software sector firmly into the red on Friday with the FTSE 250 losing as much as a quarter of its value. The stock was down 24.6% in afternoon trade after Aveva added to the list of problems affecting its first-half results. Currency movements and the
Read moreBroker tips: Whitbread, GKN, Aveva
12th Sep 2014 12:35
UBS has downgraded leisure group Whitbread from 'neutral' to 'sell', saying that the hotel industry is "under threat". "While we estimate 55% of Whitbread clients travel for business and the company operates in the UK midscale and economy segment we do not think they will be immune from some of the
Read moreLondon midday: Stocks gain but Scottish uncertainty limits upside
12th Sep 2014 12:12
UK stocks were making gains on Friday as investors shrugged off weak construction data and picked up some bargains after equity markets hit a three-week low the previous session. London's FTSE 100, which has traded within a tight range for the whole week, was 0.2% higher at 6,815 by midday after clo
Read moreInvestec disappointed by surprise profit warning from Aveva
12th Sep 2014 09:49
Investec has placed its 'buy' recommendation for Aveva under review after a gloomy trading statement from the engineering software firm, with the broker saying it will have to re-base its earnings forecasts. Aveva's share price had dropped nearly 23% by mid-morning after the company said that first-
Read moreLondon open: UK stocks bounce off three-week low but gains limited
12th Sep 2014 08:51
UK stocks edged higher on Friday but choppy trading continued with investors concerned about the potential impact from a 'yes' vote on Scottish independence next week. Supermarket stocks were among the best performers as Morrisons extended gains made the previous session, while banks advanced, thoug
Read moreAveva shares plummet after H1 sales drop
12th Sep 2014 08:11
Engineering data and design IT systems group Aveva has revealed that it is reviewing its headcount growth plans and spending after a tough first half, in which revenues are expected to fall as much as 23%. The stock fell as much as 20% in early deals on Friday. The company said that interim results
Read moreTuesday tips round-up: AVEVA, Recruitment stocks
15th Jul 2014 07:37
'Hold' shares of engineering software group AVEVA for the long term, recommended the Tempus column in The Times on Tuesday. While AVEVA is seen by analysts as a "world-class British company with a leading position in its core business", the market has fallen out of love with the stock, according to
Read moreFTSE 250 movers: Drax rises after High Court ruling
14th Jul 2014 14:35
Shares in energy company Drax Group got a lift today after a High Court ruled in favour of its power station unit subsidies. Following the government's announcement in April that Drax's second unit conversion was no longer eligible for an investment contract under the Final Investment Decision Enabl
Read moreBroker tips: AVEVA, Home Retail, Debenhams
14th Jul 2014 12:11
Investec has repeated its 'buy' recommendation for engineering data and design IT systems group AVEVA, playing down concerns after the company said that full-year results will be weighted more towards the second half. "There has been no material change in the demand backdrop since the [annual resul
Read moreLondon midday: Sports Direct, Shire lead UK stocks higher
14th Jul 2014 12:08
- Bargain-hunting gives UK stock markets a lift after recent falls - Sports Direct teams up with MySale to launch operations Down Under - Shire will to recommend revised AbbVie proposal techMARK 2,799.78 +0.63% FTSE 100 6,738.47 +0.72% FTSE 250 15,554.01 +0.66% Sports Direct and Shire were leading
Read moreInvestec reiterates positive outlook for AVEVA
14th Jul 2014 11:13
Investec has repeated its 'buy' recommendation for engineering data and design IT systems group AVEVA, playing down concerns after the company said that full-year results will be weighted more towards the second half. AVEVA said that the strengthening of sterling against a number of currencies in t
Read moreLondon open: Shire leads UK stocks higher after recent sell-off
14th Jul 2014 09:06
- Shire willing to recommend revised AbbVie proposal - Rolls, IAG and easyJet rise on Farnsborough updates - Stocks continue to rebound after recent sell-off techMARK 2,796.76 +0.52% FTSE 100 6,720.42 +0.45% FTSE 250 15,534.75 +0.54% Easing concerns about peripheral debt in the Eurozone and strong
Read moreAVEVA results to be more second half-weighted after soft Q1
14th Jul 2014 07:43
AVEVA, which provides engineering data and design IT systems, reiterated its full-year guidance despite a soft first quarter, in which it was hit by negative currency movements and the seasonal timing of contracts. The company explained that the first quarter of the financial year is normally the "
Read moreLondon pre-open: FTSE to open higher, lifted by Asia
14th Jul 2014 07:40
Lifted by a good performance in Asia overnight, UK stocks are set to get the week off to a positive start. City sources predict the FTSE 100 will open around 18 points higher than Friday's close of 6,690.17. "Last week's Eurozone fears sparked via the Portuguese banking system appear to have subs
Read more