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STOCKS NEWS EUROPE-FTSE Small caps down 0.4 pct at the close

Thu Jun 4, 2009 11:56am EDT

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The FTSE Small cap index .FTSC closes down 0.4 percent, underperforming the FTSE 100 .FTSE, which struggles into positive territory, up 0.1 percent, while the FTSE 250 .FTMC falls 0.4 percent.

British biofuels technology company D1 Oils Plc (DOO.L) slumps 20 percent after saying it was uncertain about the outcome of an effort to raise funds by marketing a substantial share in its joint venture with BP Plc (BP.L). [ID:nBNG423168]

Dragon Oil (DGO.L) rises 19 percent after the company says it has received a preliminary approach but there can be no certainty any offer will be made.

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


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