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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 ...

Why shareholders in FTSE 250 engineering software firm AVEVA are set for £650m cash windfall

US regulators have given their formal OK for Cambridge-based Aveva (AVV) to merge with the software business of French engineering firm Schneider Electric. Aveva designs computer-aided design and manufacturing software, mainly used in the development of big oil and gas, marine and nuclear energy markets. The regulatory thumbs-up relates to the £3bn merger deal, one that will roughly double ...

Market report: Ocado ripens on international deal, Baldock boosts Dixons Carphone

London’s high-flying FTSE 100 firms 4.6 points to 7,735.4 with a helping hand from banking and utility stocks, though it is retailers that are the main focus for investors on Monday. Online grocer Ocado (OCDO) ripens up 10.2% to 455.3p after inking another major international deal, just a few months after joining forces with Groupe Casino in France. Ocado’s latest agreement to power an ...

Market report: UK software firm AVEVA to payout £100m as it seals £3bn Schneider merger

British engineering software company AVEVA (AVV) has agreed a merger deal with long-run suitor Schneider Electric of France. The deal, worth in excess of £3bn, will create one Britain’s biggest software businesses and, importantly, will remain listed on the London stock market. This move for predicted by Shares back in November 2016 as a likely outcome following the departure of ...
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