** 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.


Philip Dayer, a non-executive director at Aveva, spent £14,901 buying shares at the company as a sign of confidence in the company following recent co...


Shares in the oil and gas services sector were hammered on Friday by comments from US bank Goldman Sachs which repeated its 'cautious' rating on the E...


Shares in Aveva faced heavy selling pressure on Thursday after both Morgan Stanley and JPMorgan Cazenove cut the engineering software group to 'underw...


** Aveva dives to 4.5 yr lows with 10 pct drop seeing it suffer one of worst ever one-day pct moves ** Analysts cut ratings in face of near 50 pct oil...


Software and computer services stocks were the best performers in London on Wednesday as a well-received annual report from Sage gave the sector a boo...