The FTSE small cap index and junior-listed AIM shares arelittle changed, broadly in line with mid-caps and blue chips.
Shares in Carclo fall 34.5 percent to 169 pence and the bottom ofthe FTSE small cap index as the plastic products supplier says lower thanexpected sales at its Conductive Inkjet Technology (CIT) business will reducegroup profitability in the second half.
Liberum's analysts cut their target price on the stock to 300 pence from 500pence following the update, but keep their "buy" recommendation on the stock.
"Numerous disappointments and the emergence of aggressive competition in themetal mesh touch sensor market clearly alters our previous assumptions andexpectations for CIT," the analysts write in a note.
"It is clearly difficult to predict when newsflow is likely to turn moresupportive of the share price, though we broadly expect this to happen withinthe next six months. We therefore recommend that investors keep their faith inthe stock."
AIM-listed marketing group Cello rises 8.9 percent after sayingtrading trading was "strong" last year, adding revenues and headline profitbefore tax were ahead of consensus market expectations.
Reuters messaging rm://francesco.canepa.thomsonreuters.com@reuters.net
