By Alistair Gray
Published: January 19 2008 02:00 | Last updated: January 19 2008 02:00
Growth in its end markets of oil, gas and shipping has allowed Aveva, which makes engineering software for companies such as Royal Dutch Shell, DuPont and BP, to continue to locate growth while many peers face declining IT budgets and a consumer slowdown. Another strong trading performance – in the usually slower third quarter – prompted profit upgrades. The City was particularly pleased by good figures at the Asian division. Strong demand coupled with high energy prices means Aveva’s customers continue to invest, although concerns have emerged recently that Asian shipbuilders may face declining orders, which may eat into growth. Future prospects are bolstered by Aveva Net, the network collaboration software dubbed “Google for engineers”. Moreover, with a healthy cash balance in excess of £60m, the company will return cash to shareholders if acquisitions are not forthcoming. The shares, which moved into the FTSE 250 just over a year ago, rose by 11 per cent yesterday. Before that jump they traded on a price to earnings multiple of 19.4, although its niche products make comparisons with the rest of the IT sector rather unhelpful. Alistair Gray
Copyright The Financial Times Limited 2008
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
