• Most Popular
  • Most Shared

STOCKS NEWS EUROPE-Aveva up on earnings, CEO outlook

Tue May 26, 2009 4:55am EDT

Stocks

   

Shares in engineering software group Aveva (AVV.L) rise 4.4 percent after it posts slightly better than expected full-year revenue and pretax profit, and its chief executive says trading outlook had not worsened since April and may have improved slightly. Numis lists its stance on Aveva as an "add", while Investec maintains its "buy" stance on the company.

"The key to the results is the outlook and the cost base level," Investec says in a note. "No material change in the trading backdrop since the pre-close statement 6 weeks ago, which we see as positive."

For more on Aveva's earnings double click on [ID:nnLQ609972]

Reuters Messaging rm://catherine.bosley.thomsonreuters.com@reuters.net


More from Reuters

Photo

Business spending holds back economic growth

WASHINGTON (Reuters) - The economy grew at a much slower pace than previously thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, data showed on Tuesday.

» More Top News
Guadalupe Hernandez receives an ultrasound by nurse practitioner Gail Brown during a prenatal exam at the Maternity Outreach Mobile in Phoenix, Arizona October 8, 2009. Credit: REUTERS/Joshua Lott

Health reform inches closer

Democrats are on the verge of passing landmark legislation by Christmas, with only one more hurdle remaining.  Full Article | Video 

Healthcare Reform
Photo

The end of the carry trade?

Borrowing the dollar cheaply to fund purchases of higher-yielding assets was a no-brainer in 2009, but will it be a safe bet in 2010?  Full Article 

CURRENCIES