STOCKS NEWS EUROPE-UK small caps up 0.1 pct at midday

The FTSE small cap index .FTSC gains 0.1 percent in mid-session trade as the FTSE 100 .FTSE and the FTSE 250 .FTMC both shed 0.1 percent, with the UK market experiencing light volumes.

Newspaper publishers Johnston Press (JPR.L), Trinity Mirror (TNI.L) and Daily Mail and General Trust (DMGOa.L) gain between 2 and 16.7 percent on the back of covenant news and a bullish note from UBS. [ID:nLU380868]

Management Consulting (NZX.L) fall 16.7 percent as the company warns it may miss its full-year year forecasts due to prevailing market conditions, prompting Panmure Gordon to reduce its 2009 earnings estimates. [ID:nLU664096]

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