London pre-open: Slovak vote to give a small lift
14th Oct 2011 07:21
The ratification at the second attempt by the Slovak parliament of the expansion of the European bail-out fund has given sentiment a small boost, and London's top shares look set to start the day on the front foot. City sources predict the FTSE 100 will open around 30 points up from yesterday's cl
Read moreAVEVA remains optimistic about full-year
14th Oct 2011 07:09
AVEVA, the FTSE 250 engineering software company, claims that it has made good progress in the first half, but has warned of weak demand in North America and obstacles in China. While Oil and Gas continues to be the main driver in the majority of AVEVA's regions, the company has seen weak demand fo
Read moreUPDATE: Monday broker round-up
10th Oct 2011 09:08
Antofagasta: Morgan Stanley downgrades to 'underweight' from 'equalweight'. Capita: Galvan Research and Trading gives buy rating and 760p target. Premier Oil: HSBC upgrades to 'overweight' from 'equalweight'. GKN: Credit Suisse cuts target to 205p from 243p. IMI: Credit Suisse cuts target to 67
Read moreTuesday tips round-up: Electrocomponents, European Goldfields, Avanti...
4th Oct 2011 06:38
It's nearly two years since the Electrocomponents share price has been this low, says the Investment Column in the Independent. The aptly named distributor of electrical components has been under the cosh because of worries about the world economy. Taken as a whole, the first half numbers look fine
Read moreUPDATE: Monday broker round-up
3rd Oct 2011 09:03
Antofagasta: Citi upgrades to hold, target cut from 1,230p to 1,010p. Man Group: Citi has kept its hold/high risk rating and 190p target. Lonmin: Citi maintains hold/medium risk recommendation and 1,237p target. Burberry: Nomura reiterates neutral rating and 1,356p target. Cookson: UBS upgrades
Read moreAveva acquires laser scanning software company
3rd Oct 2011 07:15
Engineering software group Aveva has announced the acquisition of Z+F UK, a UK software company which develops and markets laser scanning software for £6.3m. The company, a subsidiary of German outfit Z+F GmbH, will be acquired on a debt free/cash free basis, which has been satisfied from the comp
Read moreUPDATE: Tuesday broker round-up
20th Sep 2011 13:38
BAE Systems: Societe Generale upgrades to buy, raises target to 330p from 280p. Kesa Electricals: Espirito Santo downgrades to sell, cuts target from 110p to 75p. Wilmington Group: Peel Hunt upgrades to buy. Moneysupermarket.com: Brewin Dolphin upgrades to buy. Barratt Developments: Citigroup up
Read moreAveva trading mixed across geographies
7th Jul 2011 09:23
Engineering software group Aveva's shares fell back after it reported continued mixed trading across its geographical spread. The firm, which supplies 'Digital Information Hubs' to industrial plants, said it had seen strong performances in South Korea and South East Asia, but trading in North Amer
Read moreFTSE 250 movers: Avis Europe soars on bid excitement
14th Jun 2011 15:44
Avis Europe surged by more than a half on the news that the Avis car hire brand is set to return to single ownership after US operator Avis Budget launched an agreed bid. Avis Budget will offer 315p cash for each Avis Europe share in a deal that values the UK listed company at around £636m. The mi
Read moreBroker tips: Tesco, Carnival, Aveva
14th Jun 2011 12:24
Matrix has kept its 'reduce' rating on supermarket titan Tesco, saying that it expects the shares to underperform, given that the first quarter figures missed estimates. He says that non-food is a big underlying drag - down 5% on a like-for-like basis - given that it accounts for around a fifth of
Read moreBroker snap: Panmure lifts target for Aveva
14th Jun 2011 12:23
Panmure Gordon has raised its target price for engineering software firm Aveva from 1,599p to 1,661p, but keeps its 'hold' rating on valuation grounds. "Shares have moved sideways since the results, a reflection of the underlying valuation rather than the business case, in our view. However US inve
Read moreLondon close: Stocks hold on to gains
27th May 2011 16:46
Stocks held on to gains going into a long weekend, as Wall Street opened up higher. After a sharp rise in early trading, the Footsie maintained its level around the 5,930-40 mark for the rest of the day, helped by strong showings from the miners and the banks. Just seven stocks finished in the red.
Read moreFTSE 250 movers: Miners track metals prices higher
27th May 2011 14:37
Russia-focused gold miner Petropavlovsk and Finland-focused nickel and zinc miner Talvivaara Mining Company are tracking metals prices higher. They are among the best performing stocks on the FTSE 250 on Friday afternoon. The consumer confidence index for the UK unexpectedly jumped in May, accordin
Read moreBroker tips: Aveva, Electrocomponents, Northern Petroleum
27th May 2011 12:54
Singer Capital Markets has upgraded its rating on engineering software firm Aveva Group after a strong end to the year and a confident outlook for the current year. The group's full-year results were ahead in terms of revenue performance but were in line on an adjusted pre-tax profit and earnings p
Read moreBroker snap: Aveva upgraded to 'fair value'
27th May 2011 12:44
Singer Capital Markets has upgraded its rating on engineering software firm Aveva Group after a strong end to the year and a confident outlook for the current year. The group's full-year results were ahead in terms of revenue performance but were in line on an adjusted pre-tax profit and earnings p
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