STOCKS NEWS EUROPE-UK small caps close 0.7 pct higher

Mon Nov 16, 2009 5:38pm GMT
 
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The FTSE Small Cap index .FTSC closes 0.7 percent higher, underperforming the blue chips .FTSE and the midcaps .FTMC, which both end up 1.6 percent.

Offshore Hydrocarbon Mapping (OHM.L) jumps 22.6 percent after the electromagnetic surveys provider to the oil and gas sector wins a $2.5 million contract and posts a full-year loss in line with market estimates. [ID:nLG370004]

Majestic Wine (MJW.L) gains 3.7 percent after the wine warehouse chain posts first-half results, with Investec Securities upgrading its rating on the stock to "buy" and lifting its target price. [ID:nLG377117]

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