Thursday broker round-up UPDATE
23rd May 2013 08:35
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation. ARM Holdings: Exane downgrades to neutral with a target price of 1000p. Aveva: Panmure Gordon raises target price from 1900p to 2076p and retains a hold recommendation. Canaccord Genuity increases target p
Read moreWednesday broker round-up UPDATE
24th Apr 2013 08:25
Archipelago Resources: Canaccord Genuity lowers target price from 75p to 68p keeping a buy recommendation. ARM Holdings: Morgan Stanley ups target price from 911p to 925p maintaining an equal-weight rating. Deutsche Bank takes target price from 445p to 460p, but still recommends selling. Citigroup
Read moreLondon close: FTSE 100 jumps two per cent on stimulus hopes
23rd Apr 2013 16:59
Markets on the whole shrugged off disappointing data from the Chinese manufacturing sector on Tuesday, as decent corporate earnings and stimulus hopes in Europe pushed the FTSE 100 two per cent higher. The Markit Eurozone composite purchasing managers' index (PMI) released this morning was unchange
Read moreFTSE 250 movers: Spectris rises on upgrade
23rd Apr 2013 15:55
Spectris rose following an upgrade by Citigroup, which raised its rating to 'buy' with a 2,413p price target. The stock fell significantly on Friday. Engineering data and IT group AVEVA was a high riser after saying that it expects to hit revenue and profit forecasts for the full year following go
Read moreLondon midday: ARM leads markets higher after strong first quarter
23rd Apr 2013 11:31
The UK stock market was making decent gains by Tuesday lunchtime as strong performances from ARM Holdings, AB Foods and IAG helped to offset some weakness in the mining sector. Sentiment was lifted this morning as gloomy economic data from the Eurozone sparked speculation that it could open the doo
Read moreBroker tips: ARM, AVEVA, Savills
23rd Apr 2013 10:44
Investec has maintained its 'hold' recommendation and 940p target price for chip designer ARM Holdings but has hailed the company's forecast-beating first-quarter results. "We believe ARM is entering a sustainable, royalty-driven upgrade cycle and expect this positive momentum to continue. However
Read moreBroker snap: Sanlam upgrades AVEVA to 'hold'
23rd Apr 2013 10:10
Sanlam Securities has lifted its rating for engineering data and IT group AVEVA from 'sell' to 'hold' after an in-line pre-close trading update removed short-term risks to forecasts. The firm said that it expects to hit revenue and profit forecasts for the full year after its second half saw good d
Read moreLondon open: Markets rise despite concerns over China
23rd Apr 2013 08:20
Decent gains for ARM Holdings, Associated British Foods and Rolls-Royce were providing a boost to London's stock market on Tuesday morning, offsetting relative weakness in the heavyweight mining sector. Miners were under pressure early on after a disappointing reading of Chinese manufacturing. The
Read moreTuesday broker round-up UPDATE
23rd Apr 2013 07:40
Associated British Foods: Panmure Gordon ups target price from 1750p to 1800p keeping a hold recommendation. Aveva Group: Sanlam Securities upgrades from sell to hold with an unchanged target price of 1980p. Bank of Georgia: Bank of America raises target price from 1443.60p to 1765p, but downgrade
Read moreAVEVA upbeat after strong second half
23rd Apr 2013 07:35
Engineering data and IT group AVEVA Group said that it expects to hit revenue and profit forecasts for the full year after its second half saw good demand. The firm said that it saw "continuing good demand" for its Engineering and Design Systems (EDS), helped mainly by the strength in Oil & Gas. Po
Read moreTuesday broker round-up UPDATE
29th Jan 2013 07:26
Anglo American: JP Morgan takes price target from 1630p to 1680p, while its underweight rating remains unchanged. ARM Holdings: Jefferies raises target price from 693p to 805p keeping a hold recommendation. Astra Zaneca: Barclays ups target price from 3100p to 3200p and retains an equal-weight rat
Read moreMonday broker round-up - UPDATE
28th Jan 2013 08:04
Amino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation. Anglo American: Deutsche Bank shifts target price from 2230p to 2200p and retains a buy recommendation. Anite: Panmure Gordon increases target price from 165p to 170p and maintains a buy rati
Read moreAveva reports 'strong cash generation' in Q3
28th Jan 2013 07:03
Strong cash generation was recorded in the third quarter of the year for FTSE-250-listed engineering data provider Aveva, according to an interim management statement issued by the group on Monday morning. The group, which didn't quantify its performance with numbers, stated that "good progress" ha
Read moreThursday broker round-up UPDATE
10th Jan 2013 07:10
Afren: Morgan Stanley takes target price from 215p to 220p and reiterates an overweight rating. Alent: Bank of America starts with a target price of 370p and a buy recommendation. Associated British Foods: Goldman Sachs moves its target price from 1160p to 1190p and maintains a sell rating. AVEVA
Read moreAveva acquires assets of Global Majic Software for undisclosed sum
17th Dec 2012 11:53
Engineering design provider Aveva Group has acquired the assets of US-based Global Majic Software for an undisclosed consideration. The acquisition brings simulation products that complement Aveva's existing visualisation technology by providing an immersive environment enabling virtual access to p
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