Thursday preview: BT, Aveva
11th Nov 2009 17:45
Telecoms giant BT is expected to take a leaf our of the book of sector peer Vodafone and lift its cost savings target when it issues interim results on Thursday. BT chief executive Ian Livingston has pledged to deliver reductions in operating costs and capital expenditure of well over £1bn this yea
Read moreSunday tips round-up: Amec, Halfords, Aveva
18th Oct 2009 11:46
At the half-year stage, Amec confirmed that its average weekly net cash position for 2009 would be in the order of £700m. The Telegraph's Questor expects some of this to be used to make some complimentary acquisitions should any good opportunity appears. The shares are trading on a December 2012 ea
Read moreLondon close: Blue chips slip lower
16th Oct 2009 16:50
London's blue chips closed lower as investors used a 100 point plus fall for the Dow as an excuse to take profits. Many of the major commodity plays, including Xstrata, Rio Tinto and Anglo American had enjoyed gains in early deals, but investors lost interest late morning. Oil plays BP, Royal Dutc
Read moreLondon afternoon: Stocks remain lower
16th Oct 2009 14:54
London's blue chips are still in the red in midday dealings after the Dow dropped more than 100 points in the US. Many of the major commodity plays, including Xstrata, Rio Tinto and Anglo American had enjoyed gains in early deals, but investors lost interest late morning. Oil plays BP, Royal Dutch
Read moreFTSE 250 movers: National Express bid hits the buffers
16th Oct 2009 13:29
Shares in National Express have come crashing down after the consortium stalking the rail and bus firm dropped its interest in making a bid for the bus and train group, which is now considering a sizeable rights issue to help repair its balance sheet. Fellow transport group Stagecoach is lower in s
Read moreLondon midday: Footsie gains evaporate
16th Oct 2009 12:07
London is back where it finished yesterday's session as a sell-off in the mining sector on weaker metal prices gathered pace near lunchtime. Many of the major commodity plays, including Xstrata, Rio Tinto and Anglo American had enjoyed gains in early deals, but investors lost interest late morning.
Read moreLondon open: Oil spike lifts Footsie
16th Oct 2009 08:45
Footsie has opened stronger helped by an improvement on Wall Street last night and strong demand for oil stocks after a spike in crude prices. National Express, though, is the main talking point. The price has crashed by more than a quarter as investors face the prospect of a hefty rights issue af
Read moreAveva makes 'solid start'
16th Oct 2009 07:52
Engineering project designer Aveva's latest six months has seen trading slightly ahead of expectations helped by exchange rate movements and solid demand from its existing customers. Oil and Gas markets remain relatively robust, particularly in developing countries, such as Brazil, where large comp
Read moreFriday tips round-up: AB Foods, Premier Oil, Croda
10th Jul 2009 06:42
John Bason, finance director at AB Foods, says that Primark has changed the face of retailing on the high street. And who can disagree, after Primark posted a 21% jump in sales in the quarter to 20 June, especially with many competitors slipping into administration. There was similarly good news i
Read moreLondon close: Modest gains as US struggles
9th Jul 2009 16:33
Equities held onto gains despite a lacklustre final session as Wall St struggled to make headway. Mining stocks continue to dominate the list of risers. Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast the US bank had downgraded gold miner Rand
Read moreLondon afternoon: Rally gathers pace
9th Jul 2009 14:46
Equities pushed higher over the lunch-time session, boosted by expectations of a firm start on Wall Street. Mining stocks continue to dominate the list of risers. Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast the US bank had downgraded gold min
Read moreLondon midday: Mining stocks in the driving seat
9th Jul 2009 12:17
Mining stocks are behind the wheel once again and today they are driving the market higher. Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast the US bank had downgraded gold miner Randgold Resources to "hold" from "buy". Elsewhere in the sector An
Read moreFTSE 250 movers: Cautious Barratt slips back
9th Jul 2009 11:03
Housebuilder Barratt Developments slips after it said it remains cautious about the outlook and will continue to match work in progress to demand, whilst reducing debt and controlling costs. Engineering IT systems provider Aveva falls back after saying that, while it has traded in line with expecta
Read moreAveva trading in line
9th Jul 2009 08:23
Engineering IT systems provider Aveva said it has traded in line with expectations, reflecting the anticipated levels of demand across its geographies and end user markets. The group said it has started to see the anticipated decline in initial licence sales in the marine sector, although shipyard
Read moreWednesday tips round-up: Aveva, Holidaybreak, Albemarle & Bond
27th May 2009 06:41
Engineering software group Aveva is a good, solid group and those worried about keeping their equity safe should consider the company a decent punt. For that reason the Independent is still a buyer though it cautions that the gains seen over the last few months may not be repeated. Buy. Aveva is a
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