The FTSE Small Caps Index closes 0.6 percent higher, outpacing theblue-chip FTSE 100 and the FTSE mid-cap index, which fall 0.4and 0.3 percent respectively.
Northgate climbs 6.4 percent after the company, which runs acommercial vehicle hire business, completes a corporate refinancing deal.
Peel Hunt writes in a note that the new refinancing deal represents a"comprehensive" package which should cut the company's interest payments, andkeeps a "buy" rating on the stock.
AdEPT Telecom rises 4.9 percent after the telecoms group says itexpects its underlying EBITDA (earnings before interest, tax, depreciation andamortisation) to be ahead of market expectations, leading Northland Capital toincrease its price target on the stock to 93 pence from 85 pence. NorthlandCapital rates AdEPT Telecom as a "buy".
Reuters messaging rm://sudip.kargupta.thomsonreuters.com@reuters.net
