STOCKS NEWS EUROPE-UK small caps close 1.1 percent lower

Mon Mar 30, 2009 11:50am EDT
 
[-] Text [+]

STOCKS NEWS Reuters Results diary

Stocks on the move [HOT-RTRS] Real-time Equity News [E] [WEU/EQUITY]

15:47GMT 30March2009-UK small caps close 1.1 percent lower

----------------------------------------------------------

The FTSE Small Cap index .FTSC closes 1.1 percent lower, outperforming both the blue chips .FTSE and the midcaps .FTMC, which end the session down 3.5 percent and 2 percent, respectively.

Lamprell (LAM.L) closes more than 12 percent lower as the oil and gas services company slashes its final dividend by 74 percent and expresses caution over its outlook, in the wake of a 2009 profit warning on March 20.

Surf wear and fashion brand Hot Tuna (HTT.L) closes over 14 percent firmer after interim results which Seymour Pierce says are broadly in line with expectation, prompting the broker to reiterate its "buy" recommendation.

For more on Lamprell double click on [ID:nLU313980]; for more on Hot Tuna double click on [ID:nLU234708]

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

14:41GMT 30March2009-U.S. consumer confidence data eyed on Tues

---------------------------------------------------------------

MAJOR MACROECONOMIC DATA: (GMT)

0800 DE Unemp rate Mar

0900 EZ HICP flash Mar

1145 US ICSC chain w/e

1255 US Redbook w/e  Continued...