UK small caps are up 0.1 percent by mid-session, compared to a rise of 0.7 percent on the mid-caps and a broadly flat showing on the blue chips.
Shares in WANdisco (Other OTC: WANSF - news) add 2.9 percent to 808.70 pence after the software solutions firm, which listed on AIM last year, reports a 56 percent rise in 2012 revenues and says it has had a "tremendous" start to this year.
"They are the new kids on the block, but WANdisco is doing it like a pro as maiden results are nicely ahead of expectations. WANdisco also signed its first Big Data customer - an unnamed Tier 1 UK telecommunications company - in our view a huge endorsement for the technology," analysts at Panmure Gordon write in a note, raising their price target to 1,060 pence from 1,038.
London Mining (Other OTC: LIIGF - news) gains 4.7 percent, getting a boost from Investec upgrading its recommendation on the stock to 'buy' from 'sell' following the recent pullback in the share price.
Reuters messaging rm://antonina.vorobyova.thomsonreuters.com@reuters.net
