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STOCKS NEWS EUROPE-UK small caps fall 0.3 pct early

Mon Nov 2, 2009 3:45am EST

Stocks

   

The FTSE Small Cap index .FTSC falls 0.3 percent in early trade, underperforming both the blue chips .FTSE and the midcaps .FTMC, which add 0.4 percent and 0.3 percent, respectively.

Quintain Estates & Development (QED.L) falls 6.2 percent after the real estate developer confirms it is considering an equity issue, although no formal decision has been made. Weekend press reports suggested it was looking to raise 180 million pounds via a rights issue.

Jubilee Platinum (JLP.L) puts on 4.7 percent. The exploration company is to enter into a strategic alliance to smelt Sylvania Resources' (SLV.L) platinum group metal concentrates from its tailings retreatment projects that are not tied into other contracts.

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


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