Hot Small Caps: Plant Health Care up on Bayer deal

LONDON (Reuters) - The following is a round-up of key small cap movers on the London Stock Exchange on Wednesday.

Shares in Plant Health Care (PHC.L) rise 11 percent after Bayer CropScience BAYG.D announces it has struck a deal with the natural plant products company.

"You see what it's been doing the last couple of days, if it hadn't done that you'd probably say it was overdone," Nomura Code's Chris Redhead says. "Given the nature of these sorts of deals one would suspect that the payments that one would get are fairly limited at least in the shorter term," he says, adding he did not have any specific details from the company.

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The FTSE 100 index .FTSE is seen opening 68-70 points higher on Wednesday, according to financial bookmakers, having ended 178.6 points, or 3.4 percent lower at 5,025.6 in the previous session, its lowest close in more than three years.