AVEVA Group PLC (AVV.L)
July 26 French electrical equipment maker Schneider Electric raised its 2018 forecasts on Thursday, but its shares fell as first-half net income missed expectations and its targets pointed to slower growth in the second half.
July 26 French electrical equipment producer Schneider Electric on Thursday raised its forecasts for the current fiscal year, buoyed by growth across all of its businesses and the regions it operates in.
* RECEIVED CONFIRMATION FROM HMRC THAT RETURN OF VALUE WILL NOT BE TREATED AS DISTRIBUTION AND THEREFORE WILL NOT BE TAXED AS INCOME IN HANDS OF RECIPIENTS FOR TAX PURPOSES
* Shares rise 2 pct (Adds exchange rate and acquisitions impact, share price)
* ON A 12 MONTH PRO-FORMA BASIS, REVENUE FOR ENLARGED AVEVA GROUP IS EXPECTED TO BE IN-LINE WITH BOARD'S EXPECTATIONS Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)