The FTSE Small Caps Index is down 0.1 percent in early trading, underperforming a flat blue-chip FTSE 100 (FTSE: ^FTSE - news) index and a 0.3 percent gain on the FTSE 250 (FTSE: ^FTMC - news) mid-cap index.
Optos (Other OTC: OPOSF - news) slumps 15.8 percent after the medical company posts a drop in interim profits, causing brokers at Numis and Jefferies to both reduce their price targets on the stock.
UTV Media (LSE: UTV.L - news) also falls 8.3 percent after reporting a drop in revenues, leading Shore Capital to cut its rating on the stock to "hold" from "buy".
Media group Trinity Mirror (LSE: TNI.L - news) surges 10.5 percent after a trading update in which the company says its revenue trends are improving, leading Numis Securities to raise its rating on the stock to "buy" from "add".
Reuters messaging rm://sudip.kargupta.thomsonreuters.com@reuters.net
