Friday preview: Aveva shareholders look for reassurance

Aveva, the Cambridge based engineering information technology company, issues an interim management statement on Friday, and bearing in mind that sector peer Invensys recently issued a profits warning relating to delays to Chinese nuclear projects, Aveva may be keen to reassure that all is hunky-dory at its own Chinese nuclear operations.

Broker Panmure Gordon went so far as to contact Aveva to get the all-clear on China. "Aveva says that its China nuclear operations are on track - indeed, some may argue that Invensys told us about continual tweaks to the design and so may actually be a small positive for Aveva," Panmure Gordon said.

"Following our queries, Aveva comments that its business has picked up in H2 [second half] following its reorganisation in China. The nuclear side of Aveva should be relatively unaffected, although budgets for the nuclear players should be smaller for the time being. The majority of spending is at the "preparatory stage" and, of this, design is a big component. Aveva has, this year, received orders (and payments) from a diversified group of nuclear companies spanning designers and operators and expects the number to grow more this calendar 2012 year," Panmure Gordon said.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

INTERIM DIVIDEND PAYMENT DATE

Atkins (WS), Betfair Group, Burberry Group, Dart Group, Ensor Holdings, Falkland Islands Holdings, Greene King, Halfords Group, Hornby, Micro Focus International, RPC Group, Solid State, Speedy Hire, Vertu Motors

QUARTERLY PAYMENT DATE

F&C Commercial Property Trust Ltd.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

GDP (Advance) (US) (13:30)

M3 Money Supply (EU) (09:00)

U. of Michigan Confidence (Final) (US) (15:00)

Q4

Samsung Electronics Co Ltd (ATT) GDR (Reg S)

IMSS

Aveva Group

SPECIAL DIVIDEND PAYMENT DATE

F&C Private Equity trust Restricted Shares, Income & Growth VCT

AGMS

Brainspark, Henderson European Focus Trust, Hot Tuna International, JPMorgan Russian Securities, Marston's, Petra Diamonds Ltd., Scottish Inv Trust, Smiths News

TRADING ANNOUNCEMENTS

Hornby

FINAL DIVIDEND PAYMENT DATE

Character Group, Proactis Holdings