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STOCKS NEWS EUROPE-UK small caps close down 0.3 pct

Mon, 07th Oct 2013 15:45

The FTSE Small Caps Index closes down by 0.3 percent while the FTSEAIM All Share Index ends 0.2 percent lower, broadly matching the declinein the blue-chip index.

Fusionex rises 6.3 percent after the software and data servicescompany issues an upbeat trading update that prompts brokerage Panmure Gordon toraise its price target on the stock to 362 pence from 344 pence, while keeping a"buy" rating on the stock.

Sable Mining Africa jumps 7.8 percent higher after winningpermission to export through Liberia by the Guinean government, which couldincrease the viability of its Nimba project.

However, the Fidelity Japanese Values investment trust is hit by afall in Japan's Nikkei equity index, which closes down 1.2 percent onMonday as the ongoing U.S. political stalemate over the United States' budgetand debt situation hits Asian equity markets.

Reuters messaging rm://sudip.kargupta.thomsonreuters.com@reuters.net

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