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STOCKS NEWS EUROPE-UK small caps drop, Carr's Milling outperforms

Mon, 14th Apr 2014 12:56

The FTSE Small Cap index falls 0.3 percent while junior-listed AIMshares drop 1.2 percent, lagging the blue chips, trading flat,but outperforming a 1.4 percent drop from the mid-caps.

Carr's Milling Industries advances 2.7 percent, among the toprisers on the FTSE Small Cap index, after the agriculture, food and engineeringgroup unveils a 2 percent rise in first-half pretax profit to 10.1 millionpounds ($16.9 million).

"Carr's delivered good 1H results, assisted by geographic and operationaldiversity... UK Agri will continue to face tough comps in 2H, but Food profitsshould offset this," Investec Securities says in a note, repeating its "buy"rating on the stock.

Reuters messaging rm://tricia.wright1.thomsonreuters.com@reuters.net($1 = 0.5980 British Pounds)

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