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STOCKS NEWS EUROPE-UK small caps rise 0.1 pct early on

Mon, 21st Oct 2013 07:54

UK small caps and junior-listed AIM shares gain 0.1 percentand 0.3 percent, respectively, outperforming a flat FTSE 100, while themid-caps gain 0.4 percent.

Hydrodec, the refiner of used transformer oil into new SUPERfineoil, falls 4 percent to 11.92 pence after announcing it has conditionally raised20 million ounds ($32.38 million)through the placing of new ordinary shares withinstitutional and other investors and is seeking to raise up to a further 4million pounds through an open offer at an issue price of 11.25 pence perordinary share.

Judges Scientific, the designer, manufacturer and seller ofscientific instruments which has a market capitalisation of 94 million pounds,sheds 3.7 percent after announcing a placing to raise 8.125 million pounds.

Reuters messaging rm://david.brett.thomsonreuters.com@reuters.net($1 = 0.6178 British pounds)

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