** Aveva bruised by Goldman Sachs downgrade to"sell", broker slashes its target price to 1,420p vs 1,950p.
** Stock down 3.4 pct & top faller on 0.2 pct firmer FTSE250 index.
** Goldman expects co's primary end market of oil & gas -about 50 pct of group sales - to experience prolonged multi-yearslowdown resulting in significant capex reductions.
** Aveva slide weighs on sector. Telecity, whichissued a trading update on Monday, slips 1.3 pct as investorslock in profits after strong run up which had left margin fordisappointment high.
** Citi highlights revenue growth at lower end of guidance,no improvement on margins over previous year, and lack ofreduction on original capex guidance.
** Analyst recommendations for Telecity still skewed to theupside as of last Friday; of 16 analysts that cover the stock,11 have "buy"/"strong buy" ratings, StarMine shows. (RM: tricia.wright1.thomsonreuters.com@reuters.net)


(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Friday.


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(Alliance News) - The FTSE 100 closed higher on Thursday, despite ongoing tensions in the Middle East and an interest rate hike in Europe.


Credit Suisse has slashed its target price for Aveva by nearly a fifth after a profit warning from the engineering software firm last week. The bank h...


Aveva shares were tumbling on Friday after the group issued a profit warning. Currency movements and the timing of contract renewals had already been ...


A profit warning from Aveva sent the UK-listed software sector firmly into the red on Friday with the FTSE 250 losing as much as a quarter of its valu...


UBS has downgraded leisure group Whitbread from 'neutral' to 'sell', saying that the hotel industry is "under threat". "While we estimate 55% of Whitb...


UK stocks were making gains on Friday as investors shrugged off weak construction data and picked up some bargains after equity markets hit a three-we...