The FTSE Small Caps Index is down by 0.1 percent in early sessiontrading, slightly outperforming a bigger 0.2 percent fall on the blue-chip FTSE100 index and a 0.4 percent fall on the mid-cap FTSE 250 index.
New World Oil & Gas Plc falls 28.1 percent after having to abandonits Rio Bravo well after disappointing results from the project.
Technology products and consultancy group Imaginatik drops by 42percent after announcing a share placement to raise 1.3 million pounds ($2.01million)to finance new business developments.
Avon Rubber, a company which designs and manufactures equipment formilitary, police and emergency services teams, gains 3.8 percent as investorswelcome its acquisition of rival VR Technology, while Investec raises its ratingon the stock to "add" from "hold".
($1 = 0.6477 British pounds)
Reuters messaging rm://sudip.kargupta.thomsonreuters.com@reuters.net
