Thursday May 15, 09:26 AM
UK smallcap opening - Somero plunges after FY profits warning
LONDON (Thomson Financial) - Somero Enterprises (LSE: SOM.L - news) claimed top-spot among small-cap fallers, plunging 45 pence to 40
in the wake of a profits warning.
The company said that taking a cautious view on any potential recovery of large line US sales, it would expect total revenue for the year to end December 2008 to decline by approximately 10-15 percent compared with the previous year and as a consequence it expects results for 2008 to be materially below market expectations.
A disappointing drilling update clipped 1.625 of a penny from Matra Petroleum (LSE: MTA.L - news) , at 5.50, while specialist pharmaceuticals company Meldex retreated 5-3/4 to 53 as news of maiden FY profits were offset by the absence of any concrete news on bid talks. Interim losses saw Blinkx (LSE: BLNX.L - news) cede 2-1/4, at 31.
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