Stocks News Europe: UK small cap equity indexes trade flat
11/12/2013 09:58
The FTSE Small Cap .FTSC and junior-listed AIM All Share .FTAI equity indexes are flat in early morning trading, slightly underperforming 0.1 percent gains on the blue-chip FTSE 100 index .FTSE and on the FTSE 250 mid-cap index .FTMC . Asset finance and equipment leasing company 1PM OPM.L surges 15.8 percent after stating in a trading update that it expects to report "significant revenue and profit growth". ID:nRS7ss3Sy The bullish update from 1PM leads brokerage WH Ireland to reinstate a "buy" recommendation on the company's shares. "Though small, 1PM is building a track record of very decent growth and as such deserves a rating at least in line with other speciality financials," writes WH Ireland in a research note. WH Ireland is a house broker to 1PM. Salamander Energy SMDR.L also rises by 6.4 percent after winning rights to an oil block near Malaysia. ID:nWLB0068M Diamond exploration company Karelian Diamond Resources KDR.L KDR.I falls by 26.4 percent after placing 46.7 million new ordinary shares to raise 700,000 pounds ($1.15 million) before expenses. ($1 = 0.6087 British pounds) Reuters messaging rm://sudip.kargupta.thomsonreuters.com@reuters.net Keywords: MARKETS EUROPE STOCKSNEWS