STOCKS NEWS UK SMALL-FTSE Small caps down 0.4 pct at the close

Thu Jun 4, 2009 12:40pm EDT
 
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STOCKS NEWS Reuters Results diary

Europe [STXNEWS/EU] Real-time Equity News [E]

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UK [STXNEWS/UK] Stocks on the move [HOT-RTRS]

UK smallcaps [STX/UKSC]

16:36GMT 04June2009-FTSE Small caps down 0.4 pct at the close

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The FTSE Small cap index .FTSC closes down 0.4 percent, underperforming the FTSE 100 .FTSE, which struggles into positive territory, up 0.1 percent, while the FTSE 250 .FTMC falls 0.4 percent.

British biofuels technology company D1 Oils Plc (DOO.L) slumps 20 percent after saying it was uncertain about the outcome of an effort to raise funds by marketing a substantial share in its joint venture with BP Plc (BP.L). [ID:nBNG423168]

Dragon Oil (DGO.L) rises 19 percent after the company says it has received a preliminary approach but there can be no certainty any offer will be made. [ID:nL41021681]

Reuters Messaging rm://david.brett.reuters.com@reuters.net

12:18GMT 04June2009--Wincanton up as dividend held

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Shares in Wincanton (WIN.L) gain 5.5 percent after the British haulier maintains its dividend and says it is confident about its future prospects, which overshadows a slightly lower full year pretax profit.

"Today's results contained few surprises, although there is likely to be some relief in the market that the dividend has been held at 14.91p (a yield of 9 percent)," says Investec Securities.

The company, which transports goods such as food, documents and recycling around the UK and mainland Europe, posts profit of 41.3 million pounds in the year to end March, a fall of 0.5 million from the previous year.  Continued...

 

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