LONDON (Thomson Financial) - UK small caps shed further losses in midday trade, with the wider markets also suffering a poor session, as Armour Group slid lower after issuing a full-year profits warning. At 11:57 a.m., the FTSE small cap index was down 44.70 points at 2,722.50 while the FTSE 100 was 34.70 points lower at 5,391.60. Armour Group continued its fall, down 6-3/4 pence to 7 -- a drop of 49 percent -- after it said full-year results will be 20 to 30 percent below current market expectations, after 'challenging market conditions' in the third quarter led to lower-than-expected sales volumes. In reaction, Finncap cut its target price to 28 pence from 50 pence. Widening losses held back Rockhopper, off 14-3/4 pence at 74, with Daniel Stewart repeating its 'sell' recommendation. British Polythene, down 15 pence at...
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