LONDON (Thomson Financial) - UK small caps suffered substantial losses in Thursday trade, closing down, as the wider markets endured a mixed session, with Armour Group retreating on issuing a full-year profits warning. At the close, the FTSE small cap index was down 44.80 points at 2,722.40, while the FTSE 100 was 50.30 points up at 5,476.60. Armour Group continued its fall, down 5 pence to 17-1/2, 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 saw Rockhopper down 12-3/4 pence to 76, with Daniel Stewart repeating its 'sell' recommendation. British Polythene, down 10-3/4 pence at 234-1/4, again said...
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