May 28, 2012 / 12:31 PM / 7 years ago

STOCKS NEWS EUROPE-UK small caps add 0.1 percent

The FTSE Small Cap index climbs 0.1 percent, significantly underperforming the wider market, with the blue chips ahead 0.7 percent, and the midcaps 1.2 percent firmer.

Valiant Petroleum sheds nearly 7 percent after the North Sea-focused oil and gas company says it and its partner, a unit of Cairn Energy, will suspend the Tybalt appraisal well.

Hargreaves Services slides more than 31 percent after the coal supplier and transporter says up to 16 million pounds ($25 million) will be wiped off next year’s profit due to difficulties at the company’s Maltby coal mine in South Yorkshire.

Reuters messaging rm://tricia.wright1.thomsonreuters.com@reuters.net ($1 = 0.6396 British pounds)

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