STOCKS NEWS EUROPE-UK small caps gain 0.7 pct by midday

STOCKS NEWS Reuters Results diary

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11:06GMT 31March2009-UK small caps gain 0.7 percent by midday

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The FTSE Small Cap index .FTSC gains 0.7 percent in midday deals, faring worse than both the blue chips .FTSE and the midcaps .FTMC, which add 3 percent and 1.6 percent, respectively.

St Ives (SIV.L) falls 6 percent after the printer reports a 50 percent drop in half-yearly pretax profit, hit by volatile demand and pricing pressure, and slashes its dividend by 65 percent, prompting RBS to cut its forecasts.

Semiconductor designer Cyan (CYAN.L) rockets nearly 105 percent higher as investors cheer news of contract wins in China and Europe for the supply of microcontrollers and software to run automated metering.

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11:03GMT 31March2009-Homeserve up; sees FY profit at top end

------------------------------------------------------------ Shares in Homeserve (HSV.L) jump 7.8 percent after the British home insurance group delivers a record performance for the year to end-March, saying its profit would come in at the top end of market forecasts and it expects similar for next year.

"The shares are currently trading on a full year 2010 price earnings of 9.8 times, extremely low in the context of Homeserve's historical valuation range, and we expect the statement to be received well," RBS says in a note.

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11:03GMT 31March2009-St Ives falls after results

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Shares in St Ives (SIV.L) slide over 9 percent after the printer reports a 50 percent drop in half-yearly pretax profit, hit by volatile demand and pricing pressure, and slashes its dividend by 65 percent, prompting RBS to cut its forecasts.