• Most Popular
  • Most Shared

STOCKS NEWS EUROPE-FTSE Small caps up 1 pct early

Thu May 7, 2009 3:49am EDT

Stocks

   

The FTSE Small cap index .FTSC gain 1 percent early as the wider UK market makes gains on the back of a strong finish on Wall Street .DJI, with the FTSE 100 .FTSE up 1.2 percent and the FTSE 250 .FTMC up 1 percent.

British construction firm Costain Group Plc (COSG.L) rises 9.6 percent after saying it has secured higher revenue to date for 2009 than last year and its trading has been in line with its expectations.

Zotefoams (ZTF.L) falls 6.6 percent following its update in which the company says trading remains challenging and it is continuing cost control initiatives including a redundancy programme.

"The market has clearly anticipated a downturn in near term fortunes, with the shares almost halving over the last 9 months," says Evolution Securities.

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


More from Reuters

Photo

Senate on track to pass healthcare bill

WASHINGTON (Reuters) - Senate Democrats moved closer on Monday to passing landmark healthcare legislation by Christmas after scoring a win in the first big test vote and gaining the support of a powerful lobbying group for doctors. | Video

» More Top News
Photo

Political risk clouds Asia

The economic outlook is strong, but the danger of a sudden correction hangs over Asian markets - as political risks could turn sunshine to storm clouds in the blink of an eye.  Full Article 

Global Markets
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review