News article

FTSE Small Cap index drops 3.1%

FTSE Small Cap index drops 3.1%
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The UK stock market has revealed the FTSE Small Cap index has shed 3.1 per cent echoing the steeper drops taking place in the wider market as seen in the FTSE 100 (FTSE) and FTSE 250 (FTMC).

According to Reuters, the FTSE and FTMC are off 2.5 and 2.8 per cent respectively as a reaction to the ongoing disasters taking place in Japan.

St Ives printing (SIV.L) has seen a 3.2 per cent slip after the firm published a rise in first-half underlying pretax revenues, to £10.2 million from £9.4 million.

The organisation issued an outlook statement claiming that there are still "significant structural and cyclical challenges".

In addition, nightclub operator Luminar (LMR.L) has lost 11.5 per cent after it announced same outlet sales for the full-year had declined by 18.6 per cent.

This follows reports published yesterday by the news source that revealed the FTSE 100 is expected to shed five points to 14, or as much as 0.2 per cent after the index ended on 16.62 points on Friday (March 11th).

Posted by Greg SeckerADNFCR-1681-ID-800462806-ADNFCR