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STOCKS NEWS EUROPE-UK small caps dip 0.3 percent, outperform FTSE

Thu, 27th Feb 2014 10:57

The FTSE small cap index and junior-listed AIM shares fall0.3 percent, outperforming the mid-caps, down 0.4 percent, and the bluechips, down 0.9 percent.

Surveillance tech firm Digital Barriers drops 17.7 percent to 116.5pence after saying that delays to completing some deals will cause grouprevenues to be slightly below last year and losses to be 40 percent highercompared to the previous year.

"Digital Barriers has issued a sales and profit warning (extended customersignings and some product delays) for March FY14E... (and) we expect the stockto be marked down today with the expected growth not being achieved," analystsat Investec write in a note, trimming its target price to 155 pence from 246pence but reiterating a "buy" rating on the stock.

"The market will want to see that new FY15 estimates are achievable,evidenced by contract news. As this comes through we see confidence rebuilding."

SolGold rises 12.8 percent after providing a positive update on itsdrill programme at the Alpala prospect in Ecuador, where high grade copper andgold deposits have been found.

Reuters messaging rm://firstname.lastname.thomsonreuters.com@reuters.net

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