Stocks News Europe: UK's AIM small caps rise, outpace blue-chips
20/11/2013 16:40
The FTSE AIM All Share small caps index .FTAI closes 0.2 percent higher, while the blue-chip FTSE 100 index .FTSE dip 0.3 percent and the FTSE 250 mid-cap index .FTMC declines 0.6 percent. Aircraft leasing company Aviation Plc AVAP.L also flies 8.8 percent higher after reaching a deal to sell two new planes and adding in a trading update that it expects revenues for the period ending December 2013 to be "significantly ahead" of the same period last year. ID:nCu1KLZqM The bullish outlook prompts house broker Liberum Capital to increase its price target on the stock to 150 pence from 125 pence, while maintaining a "buy" recommendation on Aviation Plc's shares. UK Mail UKM.L rises 5.1 percent after the mail and logistics company posts a 63 percent rise in first-half profits. ID:nL4N0J02CS Investment trusts with exposure to Asian emerging markets, which have been knocked back by concerns about a possible economic slowdown in the region, fell on the stock market. Aberdeen New Thai Investment Trust ANW.L fell 2.8 percent, weighed down by a fall in Thai stocks .SETI which eased 0.5 percent to a one-week closing low. ID:nL4N0J50PJ The Fidelity Asian Values FAS.L investment trust also declined by 2.2 percent. Reuters messaging rm://sudip.kargupta.thomsonreuters.com@reuters.net Keywords: MARKETS EUROPE STOCKSNEWS