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Aveva Group Shares News & Articles

Third UK software play set to gate crash FTSE 100 index in latest reshuffle

The UK software sector’s FTSE 100 membership is about to jump by 50% presuming indicative changes are confirmed at the end of today’s stock market trading. Computer-aided design software supplier AVEVA (AVV) is one of two new entrants to the UK’s blue-chip index (insurer Phoenix Group (PHNX) is the other). The pair will replace gaming firm GVC (GVC) and Wood Group (WG.), the oil services ...

Market report: Kingfisher profits slump to head FTSE 100 losers, Tesco launches Jack’s discount chain

One of Europe’s biggest home improvement retailers, B&Q-owner Kingfisher (KGF) reported a 15% fall in half year profits after a poor performance in France. Pre-tax profits fell 30.1% to £281m for the six months to the 31 July. The group said the business in France, Castorama ‘remains weak’, which is a blow to investors whom might have hoped for more encouraging noises. That’s ...

Rolls-Royce targets £400m of savings, AVEVA rallies but Petra Diamonds falls as new shares flood market

There’s a major business shake-up underway at Rolls-Royce (RR.) as the FTSE 100 aero-engineer confirms that it will cut 4,600 jobs as part of a plan to simplify its business and save £400m a year by the end of 2020. Those hoped-for streamlined costs go down well with investors, sending the stock more than 3% higher in early trade on Thursday to 854p, topping the FTSE 100 leader ...
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