20th May 2015 12:58
London stocks were trading slightly lower on Wednesday as strong performances from mining and telecommunications stocks were outweighed by weakness in the utility and real estate sectors. As of 3:00, the FTSE 250 was trading 66 points lower at 16,121. Allied Minds topped the fallers on reports that
Read more19th May 2015 13:15
UK stocks edged higher on Tuesday, despite confirmation of the UK's first deflation since the 1960s. Sector-wise, losses made by miners and telecommunications were offset by strong results from real estate, construction and insurance stocks. As of 2:30GMT, the FTSE 250 was trading 134 points higher
Read more19th May 2015 10:38
Aveva's full-year results are in line, said RBC Capital Markets, with sales of £208.7m versus the investment bank's estimate of £208.4m and adjusted pretax profit of £62.1m compared with RBC's £61.8m estimate. RBC noted that the major end market remains tough for Aveva with the timing of an oil and
Read more19th May 2015 08:38
With bidders circling, engineering software group Aveva reported what it said was a resilient performance in difficult markets with revenue and profit hitting reduced expectations. Revenues fell 12% to £208.7m, or fell 7% at the organic constant currency level, with adjusted pre-tax profits down 21%
Read more18th May 2015 17:02
London's FTSE 100 managed to finish in the green after a choppy session, though upside was limited by continuing uncertainty in Greece. The Footsie settled 8.38 points higher at 6,968.87, ending well below the intraday high of 7,015.49 but firmly above the intraday low of 6,931.64. While mining sto
Read more18th May 2015 12:35
UK stocks erased early gains as Greek concerns and a lack of economic data stoked investor uncertainty. Sector-wise, retailers and insurers delivered the biggest drag, while energy, mining and tech stocks provided a welcome boost. As of 2:00, the FTSE 250 was trading flat, just 9 points lower at 18,
Read more18th May 2015 11:54
UK stock markets had erased gains and were trading flat by Monday lunchtime with financial shares providing a drag on concerns about Greece. The FTSE 100 was down 0.08% at 6,955.17 by midday, pulling back after reaching a high of 7,015.49 early on. Financials were trading lower with banking group L
Read more18th May 2015 09:13
UK stocks jumped on Monday morning despite ongoing uncertainty about Greece, as the mood on the market was boosted by bid speculation surrounding Aveva and Bwin.party. The FTSE 100 was up 0.56% at 6,999.75 early on, with mining stocks leading the charge, though BHP Billiton was bucking the trend. E
Read more17th May 2015 16:17
Government plans to "ring fence" bank's high street business from their more risky investment banks could be watered down in an attempt to keep the likes of HSBC in the UK, according to the Sunday Times. The Treasury and the Bank of England have begun talks with senior City bankers on potential refo
Read more17th May 2015 10:12
Aveva, which designs engineering software used in the oil and gas industry, is being eyed up by several potential bidders, according to reports. The Sunday Times said senior City sources have named Aveva as being likely to become the next to be snapped up by a foreign buyer, with a number of buyers
Read more6th May 2015 13:40
Shares in Aveva have continued their rise this week as City rumours about a potential US takeover have bubbled to the surface after almost a year lying dormant. The engineering software group last September issued a profit warning related to the plunging oil price that scared off many investors and
Read more6th May 2015 13:25
Supergroup topped the risers after it claimed it was confident to meet its full-year guidance, on the back of an increase in sales in the fourth quarter. The fashion retailer reported a strong performance in its retail division, following "clearance activity" in the previous quarter, while it expect
Read more21st Apr 2015 13:18
Tullow Oil: Deutsche Bank reiterates hold and keeps target price at 370p. Tesco: Citi reiterates neutral and 235 target price. BHP Billiton: Barclays reiterates overweight and lifts target to 3,500p from 3,300p. Rio Tinto: Barclays downgrades to equalweight and lower target to 2,850p from 3,350p.
Read more20th Apr 2015 16:35
Stocks rebounded on Monday after as measures by policymakers in China to boost bank lending helped to repair sentiment after recent losses, despite ongoing uncertainty in Greece. London's FTSE 100 finished the session 0.82% higher at 7,052.13, with mining stocks leading the rise on increased hopes f
Read more20th Apr 2015 13:51
Oilfield services outfit Petrofac dropped after saying it expects to recognise a further loss of $195m in 2015 for the Laggan-Tormore gas plant project on Shetland. The company, which had already recognised a $230m loss on the project in 2014, told investors earlier this year that it did not foresee
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