Stocks News Europe: Small cap index up, underperforms midcaps
04/06/2013 12:16
The UK small caps index .FTSC rises 0.2 percent, underperforming both the midcaps .FTMC , up 0.3 percent, and the FTSE AIM All Share index .FTAI , which gains 0.4 percent. Conroy Gold and Natural Resources CGNR.L rises 16 percent after the AIM-listed gold exploration and mine development company says the mineralogical report on the flotation Bulk Concentrate and Rougher Tailing samples are positive, adding the company has discovered a 30-mile gold district in Ireland. Severfield-Rowen SFR.L falls 2 percent after the company says the 15 month period to 31 March 2013 has been extremely challenging for the group, with problems on its 122 Leadenhall Street contract being the most significant of several contract issues, which contributed to the financial loss for the period. ID:nRS2CrJrv "There are pockets of sector demand, but this is yet to become broadly based and the UK order book remains around the 200 million pounds ($305.94 million) level. Near term focus is on performing core commercial disciplines better to rebuild operating margins towards the target 5-6 percent in the medium term," Toby Thorrington, analyst at Edison Investment Research, says. ($1 = 0.6537 British pounds) Reuters messaging rm://atul.prakash.thomsonreuters.com@reuters.net Keywords: MARKETS EUROPE STOCKSNEWS