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STOCKS NEWS EUROPE- UK Small Caps down 0.2 pct early

Wed Jul 8, 2009 3:33am EDT

Stocks

   

The FTSE Small Cap index .FTSC slips 0.2 percent early on, just outperforming the blue chip .FTSE index, off 0.3 percent, with the mid cap .FTMC index falling 0.5 percent in fairly moribund trading conditions.

Anite (AIE.L) loses 5 percent as Cazenove cuts its EPS forecasts for the IT firm by 35 percent for fiscal year 2010 and by 13 percent for 2011 following the IT firm's recent full-year results.

The broker says it sees few positive catalysts in the near term to move the stock, given the disappointing outlook for the first-half of 2010.

Oxford Biomedica (OXB.L) adds 2.1 percent, extending gains seen earlier this week following news the findings by the U.S. Food & Drug Administration support further development of the gene therapy specilaists lead drug, Trovax.

Reuters Messaging rm://jon.hopkins.reuters.com@reuters.net


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