UK small caps fall 0.3 percent but outperform both the mid-caps , down 1 percent, and the blue chips, which fall 0.7 percent.
Bellzone drops over 40 percent after the Guinea-focused mining company downgrades expected production from its Forecariah iron ore mine and outlines a slower start to its bigger Kalia project.
"Overall this news is going to give little confidence in the prospects for the company and projects in a more subdued outlook for iron ore prices," SP Angel analysts write in a note.
CPP Group (LSE: CPP.L - news) drops 5.7 percent after its majority shareholder offers to buy the firm for an indicative 1 pence a share - a 67 percent discount to CPP's Tuesday closing price of 3.08 pence.
Reuters messaging rm://alistair.smout.thomsonreuters.com@reuters.net
