Hot small caps: XP Power up as first half results shine

LONDON (Reuters) - Following is a round-up of key small cap movers on the London stock market on Monday.

9:58 BST - XP Power up as first half results shine

Shares in power supply systems maker XP Power Ltd (XPP.L) gain 6 percent to 203 pence as it announces strong first-half results and in its ninth straight dividend increase.

"The results highlighted the resilience of XP's end markets and business model," Edison Investment Research says. "Management does have to focus on controlling input price increases, but the outlook statement and (its) book-to-bill (ratio) support our unchanged full-year forecasts. The shares look significantly undervalued in a sector where industry consolidation will continue to be a major feature."

9:22 BST - Amino up on in-line first half, good progress

Shares in Amino Technologies (AMO.L), the Cambridge-based broadband network software and systems company, rise 6.7 percent to 56 pence after the company returns to the black at the operating and pretax profit levels in the first half and says it is well placed for the second.

"Interim profits are in line with expectations and show good progress towards the full-year target," says KBC Peel Hunt's Alex Jarvis. "A step change in revenue growth remains contingent on the ramp-up of MPEG 4 unit sales, expected to begin the second half. In the meantime, Amino's MPEG 2 business is holding up well and delivering strong gross margin improvements."

8:34 BST - Costain gains on London waste plant job

Shares in British construction company Costain Group Plc (COSG.L) gain 5 percent to 26.75 pence as it wins a 120 million-pound contract from Swiss plant construction company Von Roll Inova to design and build a waste plant in south-east London.