STOCKS NEWS EUROPE-UK small caps close 0.1 percent lower

Mon Jul 13, 2009 5:55pm BST
 
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The FTSE Small Cap index .FTSC closes 0.1 percent lower, underperforming both the blue chips .FTSE and the midcaps .FTMC, which add 1.8 percent and 1.3 percent, respectively.

Specialist materials group Low & Bonar (LWB.L) falls 2 percent after posting a 14 percent drop in first-half adjusted pretax profit mainly on lower volumes, and saying it did not plan to pay an interim dividend. [ID:nBNG495443]

Human resources consulting group Savile (SAVG.L) jumps 16.7 percent as the company says its results for the year are expected to be "significantly ahead of market expectations", and expresses confidence over its outlook. [ID:nLD621447]

Reuters Messaging rm://tricia.wright1.reuters.com@reuters.net

 

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