Stocks News Europe: UK small caps close up 0.4 pct
07/01/2014 17:01
The FTSE small cap index .FTSC closes up 0.4 percent, broadly in-line with the blue-chip FTSE 100 .FTSE , while the junior-listed FTSE AIM All Share Index .FTAI ends flat. NetDimensions NETD.L rises 20.7 percent after the software services company says in a trading update that it expects revenues well above market expectations. ID:nRS16KvDn "NetDimensions closed out a barnstorming 2013 bringing that '$50 million in 5 years' strategy tantalisingly closer," Panmure Gordon analysts write in a research note. Panmure keeps a "buy" rating on NetDimensions shares and raises its price target on the stock to 150 pence from 134 pence. Shares in Great Western Mining GWMO.L more than double in value, with the stock ending 133 percent higher, after the company says it expects to be in a position to submit drilling permit applications within the next month. ID:nRS6nD4b5 Karelian Diamond Resources KDR.L falls 27.9 percent to 3.28 pence after the company raises 750,000 pounds ($1.23 million) before expenses by placing 37.5 million shares at a discount price of 2 pence each. ($1 = 0.6094 British pounds) Reuters messaging rm://sudip.kargupta.thomsonreuters.com@reuters.net Keywords: MARKETS EUROPE STOCKSNEWS