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STOCKS NEWS EUROPE-UK smaller stocks mixed into mid-session

Thu, 21st Nov 2013 11:43

The FTSE small cap index is down 0.2 percent, while junior-listedAIM shares rise 0.4 percent into mid-session, in comparison to broadlyflat mid-caps and blue chips.

Intercede Group rises 11 percent to 157.15 pence after the producerof identity and credential management software says sales in the six months toend September rose 31 percent year-on-year, enabling it to post a pre-taxprofit.

"Strong interims are in line with the September trading update and unchangedFY14 forecasts. The period highlighted momentum in new contracts, while clientinterest remains strong in the existing and developing MyID product set," notesAndrew Darley, analyst at finnCap.

He raises his target on the stock to 150 pence from 110 pence "asperformance shows very good reason for confidence in prospects".

Oracle Coalfields jumps 38 percent after signing an exclusivememorandum of understanding with SEPCO Electric Power Construction Corporationfor the development of a 600 MW coal-fired power plant in Pakistan.

Reuters messaging rm://antonina.vorobyova.thomsonreuters.com@reuters.net

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