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UK small caps remain up at midday, continuing gains; Isotron confirms bid offer.
(From AFX UK (Focus))
LONDON (AFX) - UK small caps climbed higher at midday, adding to yesterday's strong session, boosted by positivity among mining stocks and news of a bid approach for Isotron, dealers said.
At lunchtime, the FTSE Small Cap index was 5.8 points firmer at 3,642, just shy of a day's high of 5,643.1, while the FTSE 100 was 24.4 points to the better at 6,206.9.
Among the smaller companies, Isotron was a favourite, racing 64-1/2 pence to 749-1/2, after it said it had received an unsolicited bid approach which could lead to an offer being made for the company.
The board of directors said it is examining the approach, but the …
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