Numis reiterates 'add' on Aveva after first half results
8th Nov 2016 15:12
(ShareCast News) - Numis on Tuesday reiterated an 'add' rating on Aveva and a target price of 2,050p after the engineering software provider swung to a profit in the first half. In the six months to the end of September, the group made a pre-tax profit of £5.5m compared to a £800,000 loss the year b
Read moreAveva swings to profit in first half
8th Nov 2016 07:58
(ShareCast News) - FTSE 250 engineering software provider Aveva swung to a profit in the first half of the year as revenue rose despite "continued tough trading conditions". In the six months to the end of September, the group made a pre-tax profit of £5.5m compared to a £800,000 loss the year befor
Read moreMonday broker round-up
17th Oct 2016 10:15
(ShareCast News) - Coca Cola Hellenic: Jefferies keeps at buy with a target price of 2100p. Jupiter Fund Management: Societe Generale downgrades to hold, 490p target. Aveva: Barclays keeps at equal-weight with a 1450p target. Arrow Global: Numis upgrades to buy with a 405p target. Close Brothers
Read moreBroker tips: Aveva, Compass, Petra Diamonds
8th Jul 2016 10:40
(ShareCast News) - Aveva Group's shares jumped on Friday as Numis reiterated a 'buy' rating and target price of 1,910p. The information technology group said it could benefit from a potentially sizeable currency gain for the full year due to weakness of sterling since the EU referendum. The company
Read moreAveva's 'buy' rating unchanged by Numis as CEO steps down
8th Jul 2016 09:58
(ShareCast News) - Aveva Group's shares jumped on Friday as Numis reiterated a 'buy' rating and target price of 1,910p. The information technology group said it could benefit from a potentially sizeable currency gain for the full year due to weakness of sterling since the EU referendum. The company
Read moreAveva CEO steps down, Brexit currency benefit eyed
8th Jul 2016 07:03
(ShareCast News) - Aveva Group has announced the stepping down of chief executive Richard Longdon after three decades at the data and IT group, which also said it could benefit from a potentially sizeable currency gain for the full year due to weakness of sterling since the EU referendum. The FTSE 2
Read moreAveva ends talks with Schneider Electric
15th Jun 2016 07:07
(ShareCast News) - Aveva Group has walked away from a second round of talks with French suitor Schneider Electric and has applied for its share to resume trading after their suspension. Discussions between the FTSE 250-listed group and its larger counterpart fell apart at the end of 2015 after the d
Read moreFTSE 250 movers: Aveva flies as G4S wilts amid Brexit pall
13th Jun 2016 16:56
(ShareCast News) - FTSE 250 finished lower alongside its blue-chip sibling as Brexit fears acted as a dead-weight on sentiment and trade, but served to boost the appeal and price of safe-haven gold. Aveva was ahead almost 10% as it confirmed receiving a revised and conditional proposal from Schneide
Read moreAveva confirms revised proposal from Schneider Electric
13th Jun 2016 15:13
(ShareCast News) - Aveva has received a revised and conditional proposal from Schneider Electric SE to combine with that company's Software Business in exchange for new Aveva shares and a significant cash payment. The cash payment would be distributed to Aveva's current shareholders upon completion,
Read moreSchneider Electric reportedly mulling fresh bid for Aveva
13th Jun 2016 14:18
(ShareCast News) - Shares in Aveva topped gainers on the second-tier index after the Financial Times reported renewed interest from Schneider Electric in a possible buy-out. Talks between the FTSE 250-listed energy industry software provider and its French counterpart fell apart at the end of 2015 a
Read moreAveva profits slump after aborted Schneider merger
24th May 2016 08:34
(ShareCast News) - Full year pre-tax profits at marine engineering software maker Aveva almost halved to £29.4m on the back of lower revenue and one-off exceptional costs related to the aborted merger with Schneider Electric. Revenue fell to 3% to £201.5m, impacted by foreign currency headwinds duri
Read moreTuesday broker round-up
26th Apr 2016 13:09
(ShareCast News) - Premier Foods: Jefferies upgrades to buy with a 60p target. Aberdeen Asset Management: Citigroup downgrades to sell with a 265p target. Smiths Group: Jefferies keeps at buy with a target price of 1100p and Credit Suisse reiterates outperform with a target of 1275p. Close Brother
Read moreFTSE 250 movers: Board expectations lift AVEVA, Meggitt
19th Apr 2016 14:07
(ShareCast News) - The FTSE 250 was keeping its head above water on Tuesday afternoon, as oil prices continued their recovery. Engineering data and design software provider AVEVA was among the top risers, after the firm indicated its results to 31 March were likely to be broadly in line with expecta
Read moreTuesday broker round-up
19th Apr 2016 13:51
(ShareCast News) - Telecom Plus: Berenberg downgrades to hold with a target price of 1000p and Finncap reiterates buy with a 1225p target. Greggs: Berenberg upgrades to hold with a target price of 1020p. Zoopla: Credit Suisse reiterates outperform with a target price of 340p. Plus500: Berenberg st
Read moreAVEVA results to take a mild impact from dollar, costs
19th Apr 2016 08:06
(ShareCast News) - AVEVA did its best to reassure the market ahead of its results on Tuesday morning, saying its numbers looked to be in line with forecasts - though with a couple of caveats. The FTSE 250 provider of engineering data and design software said both group revenue and adjusted profit be
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