YOUR FRIENDS' ACTIVITY

    STOCKS NEWS EUROPE-UK small caps close up 0.6 pct

    RELATED QUOTES

    SymbolPriceChange
    PRZ.L119.002.50
    HFD.L333.30-63.00

    UK small caps finish 0.6 percent higher, lagging gains of 1.4 percent on the mid-caps and 1.2 percent on the blue chips.

    Restaurant group Prezzo gains 3.6 percent after reporting a 17 percent rise in 2012 revenue and an 11 percent increase in adjusted pre-tax profit, which enabled it to hike dividends.

    "Results came in ahead of expectations, driven by strong post-Olympics trading," Nick Batram, analyst at Peel Hunt, says in a note, raising his target price on the stock to 98 pence from 90 pence.

    "With a solid balance sheet and growing confidence in Chimichanga, we expect Prezzo to continue to deliver impressive growth."

    Halfords rises 5.4 percent after the bicycles-to-car-parts group maintains its profit guidance, reaassuring investors.

    "This update confirms that the UK retail profitability has stabilised," Cantor analyst Kate Calvert writes in a research note, keeping a "buy" rating on the stock.

    Reuters messaging rm://antonina.vorobyova.thomsonreuters.com@reuters.net