Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAVV.L Share News (AVV)

  • There is currently no data for AVV

BUZZ-Aveva: software developer hit by Goldman downgrade

Mon, 03rd Nov 2014 08:47

** 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)

Related News

WINNERS & LOSERS: Oil majors fall, airlines up on US-Iran peace hopes
12 Jun 2026

WINNERS & LOSERS: Oil majors fall, airlines up on US-Iran peace hopes

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

UK's FTSE 100 rises as financials rebound, Middle East and AI spending worries cap gains
11 Jun 2026

UK's FTSE 100 rises as financials rebound, Middle East and AI spending worries cap gains

June 11 (Reuters) - London's FTSE ​100 index ⁠climbed on Thursday, supported by a ​recovery in financials stocks, though concerns lingered over the Ir...

LONDON MARKET CLOSE: Blue chips shrug off ECB rate rise and Iran worry
11 Jun 2026

LONDON MARKET CLOSE: Blue chips shrug off ECB rate rise and Iran worry

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

AVV.L News

Aveva shares crater as it warns on slowing revenue growth ahead
27 Apr 2022

Aveva shares crater as it warns on slowing revenue growth ahead

(Alliance News) - Aveva Group PLC shares continued their recent downtrend on Wednesday, hit by a warning over growth in the year ahead.

LONDON MARKET MIDDAY: FTSE reverses early fall on bank and miner boost
27 Apr 2022

LONDON MARKET MIDDAY: FTSE reverses early fall on bank and miner boost

(Alliance News) - Investor sentiment stabilised in London midday Wednesday, helped by a bounce in banking and mining shares.

LONDON BROKER RATINGS: Bank of America cuts Melrose, raises Spectris
27 Apr 2022

LONDON BROKER RATINGS: Bank of America cuts Melrose, raises Spectris

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

LONDON MARKET OPEN: Aveva weighs on FTSE 100 as Russia sours mood
27 Apr 2022

LONDON MARKET OPEN: Aveva weighs on FTSE 100 as Russia sours mood

(Alliance News) - Stocks in London early Wednesday followed a lousy session in the US overnight, with the FTSE 100 dragged down by steep losses for in...

TOP NEWS: Aveva shares slide as warns revenue growth will slow
27 Apr 2022

TOP NEWS: Aveva shares slide as warns revenue growth will slow

(Alliance News) - Aveva Group PLC on Wednesday said annual earnings were in line with market forecasts, but top-line growth going forward will be hamp...

Aveva ends year in line, warns of slower growth going forward
27 Apr 2022

Aveva ends year in line, warns of slower growth going forward

(Sharecast News) - Industrial software company Aveva Group warned of lower revenue growth and margins due to sanctions on Russia over its invasion of ...

LONDON MARKET PRE-OPEN: Lloyds and WPP raise outlook; Aveva cautions
27 Apr 2022

LONDON MARKET PRE-OPEN: Lloyds and WPP raise outlook; Aveva cautions

(Alliance News) - Stock prices in London are set to open higher on Wednesday, despite the brutal losses endured in New York overnight, though with sen...

LONDON BROKER RATINGS: Barclays cuts Rio Tinto; Jefferies likes CVS
26 Apr 2022

LONDON BROKER RATINGS: Barclays cuts Rio Tinto; Jefferies likes CVS

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday: