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STOCKS NEWS EUROPE-UK small caps close 4.1 percent lower

Wed May 13, 2009 1:05pm EDT

Stocks

   

The FTSE Small Cap index .FTSC closes 4.1 percent lower, underperforming both the blue chips .FTSE and the midcaps .FTMC, which shed 2.1 percent and 3.3 percent, respectively.

Johnston Press (JPR.L) is the biggest faller on the FTSE Small Cap index, giving back most of the recent days' gains and closing nearly 38 percent weaker on the day after a trading update predicted its operating profit for 2009 is likely to be towards the lower end of current market expectations.

Lipoxen (LIPX.L) closes 16 percent firmer as the vaccine delivery specialist says it has received funding for its technology to be used in the development of a malaria vaccine.

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


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