** 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) - UBS raised its price target on Aveva to 2,600p from 2,210p following news that the company has agreed a reverse takeover by Schneid...


(ShareCast News) - Softness in commodity markets kept a lid on equities in London, with some traders pointing out there was still margin for further d...


(ShareCast News) - Mid-caps inched higher on Monday as a raft of positive broker sentiment offset tumbling oil and metal prices. As of 14:30 BST, the ...


(ShareCast News) - Softness in commodities markets were limiting gains on equities come midday in London, with some traders pointing out there was sti...


(ShareCast News) - Analysts said Aveva's merger with Schneider was "transformational" as shares in the software firm rocketed. Shares were up 27.82% t...


* French company takes majority stake in Aveva * Aveva will retain London listing * British company's shareholders to receive cash payout (Adds furt...