** 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.


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


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


(Alliance News) - Aveva Group PLC on Monday said that the takeover offer from Schneider Electric SE has so far received the support of 4.1% of Aveva s...


(Alliance News) - Stocks in London were mostly lower on Monday, though the FTSE 100 was in the green as investors looked ahead to the UK budget statem...


(Alliance News) - Stocks in London are called higher on Monday after Democrats in the US managed to keep control of the Senate, and the UK government ...


(Alliance News) - Schneider Electric SE and Aveva Group PLC on Friday announced they have agreed an increase and final cash offer for Schneider's tak...


Nov 11 (Reuters) - French industrial group Schneider Electric has increased its offer for Aveva to 3,225 pence per share in cash, valuing the Britis...


(Sharecast News) - Schneider Electric has sweetened its takeover offer for London-listed software firm Aveva to around £9.86bn.

