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25 May 2021 | 08:37am StockMarketWire.com - UK stocks tracked sideways in early trading on Tuesday after US Federal Reserve officials cooled inflation fears, though a strengthening of the pound against the dollar weighed on exporters. At 0825, the benchmark FTSE 100 index was down just 1.25 points at 7,050.34. Industrial software group Aveva rallied 4.2% to £34.14 even as it reported a 63% slump in annual profit after the pandemic hits sales in the first half. Aveva nevertheless upped its dividend by 1% to 23.5p per share, citing a second-half sales recovery that had limited a full-year fall...

Aveva annual profit slides as pandemic impact in H1 weighs

25 May 2021 | 16:39pm StockMarketWire.com - The FTSE 100 saw a modest decline on Tuesday after trading broadly flat for much of the day as strength in sterling weighed on the overseas earnings dominated index. By the close it was down 0.3% at 7,029.79. In the US the S&P 500 was also a bit lower, slipping 0..2% to 4,188.64 by 4.30pm UK time. Industrial software group Aveva rallied 1.6% to £33.28 even as it reported a 63% slump in annual profit after the pandemic hits sales in the first half. Aveva nevertheless upped its dividend by 1% to 23.5p per share, citing a second-half sales recovery th...

27 April 2021 | 08:33am StockMarketWire.com - UK stocks eked out modest gains in early trading Tuesday as investors digested some mixed earnings releases, including positive updates from BP and Focusrite and disappointing ones from Whitbread and Aveva. At 0822, the benchmark FTSE 100 index was up 6.77 points, or 0.1%, at 6,969.89. BP rose 2.6% to 304.2p on announcing that it would start a $500 million share buyback in the second quarter after its first-quarter profit was boosted by higher oil prices and refining margins. BP's underlying replacement cost profit for the three months through Mar...

Share price Aveva annual revenue flat as growth in H2 offset by pandemic hit in H1; CEO to depart 27 April 2021 | 07:54am StockMarketWire.com - Engineering and industrial software company Aveva said full-year revenue was flat as double digit revenue growth during the second half of the year first-half weakness owing to the pandemic impact. The company also said chief executive Craig Hayman has decided to return to the USA for personal reasons and would leave the group after the AGM in July. Peter Herweck would be seconded from Schneider Electric on request of the board to the role of CEO ...