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STOCKS NEWS EUROPE-UK small caps close down 0.5 pct

Thu, 21st Mar 2013 17:09

The FTSE Small Caps index close down 0.5 percent, compared to fallsof 0.7 percent on the blue-chip FTSE 100 0.4 percent on the FTSE 250mid-cap index

E-commerce and consumer technology company Expansys slumps 35percent after the company issues a profit warning, stating that trading in thesecond-half of the year has been below its expectations.

APR Energy, which makes turbines and diesel generators, falls 2.4percent after it forecasts a slow first quarter.

"We remain negative on the shares as we believe APR's business profile isless attractive than peer Aggreko, our preferred play in this sector,"Cantor Fitzgerald analyst Caroline de La Soujeole writes in a research note.

ServicePower rises 6.7 percent after stating it has made a positivestart to 2013, despite posting a pre-tax loss of 1.8 million pounds ($2.7million) for 2012.

"During the past 12 months, the group has significantly expanded itsoperational platform, product offering and contract base," Finncap analyst MarkPaddon writes in a research note.

Ultimate Finance also advances by 9 percent after the financialservices group, which mainly focuses on lending to small-to-medium sizedenterprises (SMEs), reports higher interim profits.

"We maintain our forecasts ... and continue to see significant upside on astock trading on 8 times current year earnings against a resurgent financialservices sector which trades on 15 times," WH Ireland writes in a research note.

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

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