Small hot caps: Jacques Vert slides on outlook

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

1:40 p.m.-Jacques Vert slides on outlook, forecast cut

Shares in Jacques Vert (JQV.L) fall as much as 7 percent after the fashion retailer reports a 7 percent dip in like-for-like sales during the first 21 weeks of its fiscal year as broker Seymour Pierce cuts the group's full year profit target to 3 million pounds from 4 million.

"Forecasts are being downgraded because of a weaker outlook. We are conservatively assuming that trading will remain depressed ahead of Christmas and that there will be a higher level of discounting than previous years, in a market which is likely to be more competitive," says Seymour Pierce analyst Freddie George in a note.

12:59 p.m.-Small Caps rise 0.3 percent

The FTSE Small Cap index .FTSC rises 0.3 percent, outperforming both the blue chips .FTSE and the midcaps .FTMC.

The FTSE Developed European Small Caps .FTDEUSC gains 0.6 percent, outpacing the FTSEurofirst 300 .FTEU3 index, which is off 0.4 percent.

Lowland Investment (LWI.L) is the top percentage gainer on the UK small cap index, up 19.1 percent, and MWB Group (MWB.L), down 6.8 percent, is the biggest decliner.

9:15 a.m.-Lo-Q soars as strong trading continues