FTSE 250 movers: Ferrexpo jumps after production update
9th Jul 2013 14:50
Ferrexpo was the standout performer of the day on Tuesday, surging by nearly 14 per cent after a second-quarter production update. The iron ore producer said that group pellet output was up 11.4 per cent year-on-year in the first half, helped by the ramp up of production from the new Ferrexpo Yerist
Read moreTuesday broker round-up UPDATE
9th Jul 2013 07:53
Adept Telecom: Northland Capital revises target price from 108p to 115p and maintains a buy recommendation. AG Barr: Panmure Gordon raises target price from 500p to 600p and retains a hold recommendation. Aquarius Platinum: Westhouse Securities shifts target price from 35p to 40p upgrading from se
Read moreAVEVA starts year on strong footing
9th Jul 2013 07:37
Engineering software solutions provider Aveva said it had seen a good start to the year in both engineering & design systems and enterprise solutions divisions with steady growth in EMEA and Asia Pacific. The Cambridge based group said there are early signs that business activity is starting to pic
Read moreMonday broker round-up UPDATE
1st Jul 2013 07:27
Ashmore Group: Canaccord Genuity lowers target price from 399p to 380p, while its buy recommendation remains unchanged. ASOS: Panmure Gordon increases target price from 4320p to 4555p and retains a buy recommendation. AVEVA Group: Sanlam Securities reduces target price from 2500p to 2325p leaving
Read moreWednesday broker round-up UPDATE
26th Jun 2013 07:30
ACM Shipping Group: Espirito Santo increases target price from 150p to 185p keeping a buy recommendation. Afren: Canaccord Genuity moves target price from 210p to 220p and keeps a buy recommendation. Aggreko: Deutsche Bank cuts target price from 2250p to 2100p, while its buy recommendation remains
Read moreLondon close: Markets move higher with Fed decision in focus
18th Jun 2013 17:04
After a subdued start, the FTSE 100 finished with impressive gains on Tuesday as investors put aside worries ahead of the key 'risk event' of the week, the monetary policy meeting at the Federal Reserve. Banking stocks in London were performing well today after the China Securities Journal suggeste
Read moreAVEVA CEO raises nearly two million pounds through share sale
18th Jun 2013 15:56
The long-running Chief Executive Officer of engineering software group AVEVA has dumped almost two million pounds-worth of shares in the company with the stock trading close to its all-time high. AVEVA said on Tuesday that Richard Longdon had sold a total of 85,000 shares the day before at a price
Read moreFTSE 250 movers: FirstGroup, Aveva, SDL, Vesuvius
18th Jun 2013 14:28
FirstGroup's shares rebounded from Monday's slump as advisors to the transport operator tried to gain support ahead of the closing of the company's 600m pound rights issue next year. Aveva Group advanced after Citigroup lifted its rating of the British multinational company to 'buy' from 'neutral'
Read moreTuesday broker round-up UPDATE
18th Jun 2013 08:19
Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 350p. Andes Energia: Westhouse Securities initiates with a target price of 60p and a buy recommendation. Andor Technology: Investec reduces target price from 525p to 360p downgrading from buy to hold. A
Read moreFTSE 250 movers: AVEVA climbs on cash return plans
24th May 2013 16:04
Engineering data and IT group AVEVA was extending gains after yesterday's results in which it revealed a 100m pound cash return to shareholders. Credit Suisse raised its target price for the shares this morning. IT infrastructure firm Computacenter rose after giving details of a £75m cash return f
Read moreLondon midday: Markets fall as caution sets in
24th May 2013 11:41
Mining and banking stocks were weighing on the FTSE 100 on Friday morning as the index extended losses following yesterday's dramatic sell-off. Worries about the Federal Reserve scaling back its asset purchase programme prematurely and a negative reading of factory activity in China saw markets acr
Read moreBroker tips: StanChart, AVEVA, Thomas Cook
24th May 2013 10:50
Investec has maintained its 'buy' rating and 1,900p target price for emerging markets-focused lender Standard Chartered, saying that the stock remains its top pick in the banking sector. Gordon highlighted StanChart's "unique growth profile" which translates to a 19% earnings-per-share (EPS) growth
Read moreBroker snap: Credit Suisse hikes AVEVA target but stays cautious
24th May 2013 10:20
Credit Suisse has lifted its target price for engineering data and IT group AVEVA from 2,013p to 2,240p to reflect the company's cash return and a lower tax rate. However, the broker has maintained its 'neutral' rating for the stock, highlighting concerns with weak cash flows and a slowing core bus
Read moreFriday broker round-up UPDATE
24th May 2013 08:00
Aveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating. Barratt Developments: Lib
Read moreAveva unveils rise in annual revenue
23rd May 2013 10:47
Engineering software company Aveva reported a 12 per cent rise in revenue on the back of growth in its Enterprise Solutions and Engineering & Design Systems divisions. The group posted revenue of £220.2m for the year to end of March, up from last year's £195.9m. Profit before tax climbed 10% to £
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