** 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.


(Sharecast News) - France's Schneider Electric said on Wednesday that it has agreed to buy London-listed software firm Aveva in a £9.5bn deal.


LONDON, Sept 21 (Reuters) - France's Schneider Electric said on Wednesday it had agreed to buy out the minority shareholders in Aveva for 31 pounds a ...


PARIS, Sept 21 (Reuters) - French industrial group Schneider Electric said it would proceed with a plan to buy full control of British software comp...


(Alliance News) - The UK government will launch a last-ditch effort to persuade SoftBank Group Corp to list its Arm unit in London, the Financial Time...


Sept 13 (Reuters) - European shares tripped 1.6% on Tuesday, retreating from two-week highs hit earlier in the session, as hotter than expected U.S....


(Alliance News) - The market mood was upbeat on Tuesday, heading into a key US inflation release, with investors hopeful the reading will show a furth...


(Sharecast News) - Software company Aveva is reportedly closing in on a takeover agreement with French industrial group Schneider Electric worth about...


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