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STOCKS NEWS EUROPE-UK small caps weaken, Lamprell outperforms

Thu, 16th Jan 2014 16:50

The FTSE Small Cap index sheds 0.5 percent, in linewith the midcaps, but lagging a 0.1 percent rise fromjunior-listed AIM shares.

Lamprell, an engineering and construction servicesgroup that focuses on the energy sector, gains almost 10 percentafter stating in a trading update that its 2013 results shouldbeat current market forecasts.

Analysts at Liberum Capital keep a "buy" rating onLamprell's shares but add that the company needs to win more neworders to confirm that its business is "fully on track".

Car dealer Cambria Automobiles advances 2.4percent after reporting higher registrations and sales in atrading update.

"As hoped the business has got off to an excellent startwith all three divisions maintaining the momentum achieved inthe second half of last year, with strong new car sales inparticular," joint house broker N+1 Singer writes in a researchnote.

Sabien Technology falls 9.7 percent to 32 penceafter the wife of one of the company's directors sells 32,940shares at 35 pence each.

Reuters messagingrm://sudip.kargupta.thomsonreuters.com@reuters.net

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