Aveva Group Plc Acquisition
30th Jun 2010 16:05
TIDMAVV RNS Number : 5684O AVEVA Group PLC 30 June 2010 ? AVEVA Group plc ("AVEVA" or the "Company") Completion of Acquisition of Logimatic Software A/S and of certain tr
Read moreLondon close: Markets dive
16th Apr 2010 16:21
Along with other global markets, London's benchmark was sideswiped by news that Goldman Sachs has been charged with fraud on subprime mortgages by the US Securities and Exchange Commission. Stocks nosedived around 70 points in the final hour of trading as the news emerged. The banking sector had be
Read moreTechMARK movers: CSR gets broker boost
16th Apr 2010 15:12
Positive broker comment has boosted chip maker CSR. UBS has upgraded CSR from neutral to buy. The broker argues that the company's underperformance compared with the sector is a buying opportunity. UBS also believes that two of CSR's top three customers, Samsung and Nokia, will report good volumes
Read moreLondon afternoon: Footsie slips back
16th Apr 2010 14:35
Footsie has drifted back a little with miners among the stocks dragging on the leading share index. Cambridge-based enterprise software giant Autonomy is the heaviest faller in the FTSE 100 though. It said its first quarter results should be in line with the market's expectations. Xstrata is the h
Read moreLondon midday: No broker boost for FTSE 100
16th Apr 2010 12:08
Buoyancy among stocks that have received favourable broker coverage has failed to lift Footsie. RBS is going well after BofA Merrill Lynch raised its target price on the bank to 65p from 45p, highlighting its potential to benefit from economic recovery. 'We still believe RBS is one of most geared
Read moreFTSE 250 movers: Aveva update fails to impress
16th Apr 2010 10:50
Aveva will be disappointed to with the market's reaction to today's update. The engineering data and IT systems provider said its full year results will be marginally ahead of market expectations, but the shares have fallen back. Shares in CSR, which specialises in chips used for wireless communic
Read moreLondon open: Footsie starts lower
16th Apr 2010 08:18
Footsie has fallen back in early dealings Friday morning but is so far still trading above the 5,800 point mark. Temporary power and heating specialist Aggreko is the worst performer after it said it performed in line with expectations in the first quarter of the year, with healthy revenue rises fr
Read moreLondon pre-open: Footsie to slip back
16th Apr 2010 07:35
Footsie is expected to slip back towards the 5,800 point mark in early dealings, continuing its uncertain performance this week. The Office of Fair Trading has fined Imperial Tobacco £112.3m after a seven-year investigation into alleged price fixing. Fund manager Hargreaves Lansdown said it has ha
Read moreAveva results to be slightly ahead
16th Apr 2010 07:15
Engineering data and IT systems provider Aveva said its full year results will be marginally ahead of market expectations. The company said that the trends outlined in its late January interim management statement have continued, with progress made in the Oil & Gas and Power markets, although the M
Read moreTechMARK movers: Aveva boosted by broker upgrade
16th Mar 2010 15:04
Engineering design software provider Aveva is rising on the back of yesterday's upgrade by broker Panmure Gordon. The broker has not touched the forecast for the year to March 2010 but it has increased its 2010-11 earnings per share forecast from 55.6p a share to 58.7p a share. This is based on re
Read moreBroker tips: Centrica, Standard Life, Aveva
15th Mar 2010 13:04
Expectations of strong growth in the UK and the US have prompted Nomura to raise its rating on British Gas owner Centrica to 370p from 340p. The broker notes that Centrica is already the largest energy provider in the UK with 16m accounts and is adding customers due to its competitive prices and an
Read moreBroker snap: Aveva has cash for acquisition
15th Mar 2010 13:01
Friday's rise in the Baltic Dry index, which measures price changes in international shipping markets, has prompted Panmure Gordon to recalculate its numbers for engineering data and IT systems provider Aveva. The broker thinks that its previous assumption of a 3% revenue rise for Aveva in 2011 may
Read moreTuesday tips round-up: FirstGroup, Templeton Emerging, Hiscox
26th Jan 2010 06:51
Bus and train group FirstGroup has been called "the worst company in Britain" and the Telegraph completely understands this point of view but believes from an investment point of view, there are compelling reasons to buy the shares. In its third-quarter trading update, issued on 14 January, the gro
Read moreLondon close: Downward drift continues
25th Jan 2010 16:33
Nervousness returned to the markets after an indecisive start, sending Footsie to another day of losses on top of last week's slump. British American Tobacco, National Grid, GlaxoSmithKline and Scottish & Southern Energy were among the fallers. Miners were also hit, with ENRC, Anglo American and R
Read moreLondon afternoon: Shares drift lower
25th Jan 2010 16:04
Nervousness has returned to the markets following an indecisive start to the day. The UK's leading index has suffered further losses after last week's 200 point slump as investors discussed the potential impact of President Obama's new bank controls. US shares fell heavily last week on the shock
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