STOCKS NEWS UK SMALL-FTSE small caps up 0.6 pct at midday

11:50GMT 20May2009-FTSE small caps up 0.6 pct at midday

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The FTSE Small Cap index .FTSC gains 0.6 percent in midday trade, outperforming the blue chips .FTSE, which fall 0.5 percent, and the midcaps .FTMC, which add 0.1 percent.

Cannabis drug specialist GW Pharma (GWP.L) rises 7.6 percent after the company says that it has filed its Sativex drug for regulatory approval in Europe. [ID:nLK408731]

African Eagle (AFE.L) climbs 5.3 percent as Seymour Pierce says a higher valuation of the Dutwa nickel project and inclusion of the new gold resource at Igurubi leads it to repeat its "buy" rating and up its target price 31 percent to 21 pence. [ID:nLK27059]

Reuters Messaging rm://tricia.wright1.reuters.com@reuters.net

11:46GMT 20May2009-Cape up on trading

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Shares in Cape Plc (CIU.L) rise 1.5 percent after the British energy services group says its year-to-date underlying trading performance was in line with its projection and activity levels were ahead on a year-over-year basis.

The company says it is trading strongly in both the Gulf and the UK, with an encouraging amount of work scheduled for the summer power station outages in the UK.

Collins Stewart, which rates Cape as "buy", says: "Alongside the market's new found appetite for industrial/cyclical stocks, the realisation that Cape's debt is manageable and that the Group continues to trade comfortably within its covenants has finally been taken on board by the market."

For more double click on [ID:nBNG495158]

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

11:33GMT 20May2009-Jubilee Platinum up on Braemore deal

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