Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps

ITHACA ENERGY INC. (IAE.V) Wednesday said production from the Jacky field in the North Sea has hit 11,000 barrels of oil a day, well ahead of initial estimates of 7,500 barrels a day.

Jacky started production April 6 and flowed at rates of 8,800 barrels a day. Since then a pump has been activated and the production increased to its current level, Ithaca said.

Average June production was 9,300 barrels of oil a day, it added.

At 0751 GMT, London-traded shares +5.25 pence, or 15%, at 39.75 pence.

GALIFORM PLC (GFRM.LN), a kitchen maker, reported a fiscal first-half loss, hurt by lower sales and a GBP4.4 million rent bill from old stores, and said it will consider opening new stores if trading improves.

Galiform, which owns Howden Joinery, said if economic conditions remain stable then it expects sales, which have been hurt by lower activity in the housing market, to improve during its fiscal second half.

If its current performance is sustained during the coming months then it will consider opening "a small number" of new depots, Galiform said.

Still, it said it doesn't expect a marked improvement in economic conditions and added rising unemployment might hurt trading.

At 0752 GMT, shares +6.25 pence, or 17%, at 43.75 pence.

SINCLAIR PHARMA PLC (SPH.LN) said it expects fiscal 2009 revenue to decline on the year because of destocking by drug wholesalers.

The pharmaceutical company said wholesalers have been working through their stocks rather than order new medicines because of cash constraints. It expects revenue for the year to June 30 to be GBP29.7 million, a 2% decline on fiscal 2008's GBP30.3 million.

Analysts were forecasting revenue of between GBP30.7 million and GBP35.8 million.

At 0752 GMT, shares -1 pence, or 3.9%, at 25 pence.

ZETAR PLC (ZTR.LN), a U.K confectionery and snack foods company, said it is focusing on recovering its earnings after its fiscal year pretax profit fell 66% on the year, due partly to losses from baked snacks, the closure of its customer Woolworths, and the rapid increase in commodity costs.

Zetar said it is confident of growth in fiscal 2010, saying the new period has started well, with new product launches and business wins in both its core divisions.

At 0753 GMT, shares +3 pence, or 1.8%, at 167.5 pence.

SOLAR INTEGRATED TECHNOLOGIES INC. (SIT.LN), a solar panel company, said it agreed to be acquired by Energy Conversion Devices Inc. (ENER) of the U.S., in a deal valuing it at $16.3 million.

Energy Conversion Devices, or ECD, has agreed to pay 6.75 pence a share in cash for Solar Integrated Technologies, a 17% premium to Tuesday's closing price. Its shares have lost 94% of their value over the last 12 months.

At 0753 GMT, shares +1 pence, or 17%, at 6.75 pence.

WALKER GREENBANK PLC (WGB.LN) said fiscal first-half sales were down 12.5% on the year, but said there's evidence stability is returning to the U.K. retail market.

The furnishings company said it is cautious about the remainder of the year but has evidence that stability has returned to sales of its key brands. Brands include Sanderson, Morris & Co. and Zoffany.

At 0753 GMT, shares FLAT AT 16.75 pence.

CONNAUGHT PLC (CNT.LN) said it will raise GBP12.1 million to fund future acquisitions after it announced two new bolt-on acquisitions to its compliance business.

The U.K. support services firm, which last week said announced a recommended offer for environmental services business, fountains PLC (FNT.LN), said it has bought Fire (International) Ltd. and Igrox Ltd. for a total of around GBP15.9 million.

The company said that the buys will allow it to deliver a national offering in all the key compliance services, including health and safety, fire, water, gas and electrical inspection and testing, service and maintenance.

At 0754 GMT, shares +1 pence, or 0.3%, at 368 pence.

SPORTINGBET PLC (SBT.LN) said it has sold its loss-making Italian operation to local management, saying the money and time needed to generate a profit in the country would be better placed elsewhere.

The online gambling company also said the positive start to trading in the fourth quarter ending July 31 has continued, and it is confident of achieving fiscal-year forecasts.

At 0754 GMT, shares -0.25 pence, or 0.5%, at 54.75 pence.

HELICAL BAR PLC (HLCL.LN) said it is looking at a number of potential acquisitions to take advantage of overall falling property prices, but it added the value of some properties is starting to level out.

In a statement for the fiscal first quarter to June 30, the U.K. property investor said that while it has seen an improvement in the quality of tenants on the lettings it has completed, particularly in offices in London's West End and the City, average property values are still falling due to declining rental values.

Helical said it completed 23 lettings in the first quarter and secured GBP850,000 of annual income in its investment and U.K. development portfolio.

At 0755 GMT, shares -2.25 pence, or 0.7%, at 328.75 pence.

STOBART GROUP LTD. (STOB.LN), a logistics company, said its subsidiary Eddie Stobart has gained a distribution contract with U.K. supermarket giant Tesco PLC (TSCO.LN) worth around GBP25 million a year.

The contract for Tesco's new import centre at Teesport, Middlesbrough, involves transporting the supermarket's non-food products and will be operational in August.

At 0755 GMT, shares +5 pence, or 5.5%, at 106.5 pence.

ERUMA PLC (ERU.LN) said it won a GBP120,000 contract to install an emergency lighting system at a U.K. hospital, in its first move into the health sector.

Eruma said it won a contract to install the system at Ealing Hospital, west London, as part of a major refurbishment program.

At 0756 GMT, shares +0.13 pence, or 8.3%, at 1.63 pence.

COHORT PLC (CHRT.LN) said one of its subsidiaries has signed a contract to provide computer equipment and networks to seven schools in a deal worth more than GBP13 million over seven years.

The company, which provides technology services for defense markets, said its subsidiary MASS Consultants Ltd. is the Information and Communication Technologies (ICT) partner to provide new and refurbished schools for North Lincolnshire Council under the U.K. government's Building Schools For The Future program.

At 0756 GMT, shares flat at 175 pence.

AORTECH INTERNATIONAL PLC (AOR.LN) reported a fiscal year pretax loss at the same level as a year earlier, as cost savings helped offset slightly lower revenue. The company said it expects to sign new licensing deals for its Elast-Eon polymer in 2010, in orthopedic and urological applications.

The biomaterials company said it had GBP4.2 million in cash at the year-end, enough to fund its development plans.

At 0756 GMT, shares -7.5 pence, or 5.1%, at 140 pence.

IDATECH PLC (IDA.LN) said it received an order for 30 of its ElectraGen hydrogen fuel cell systems from a German customer.

The order is customer b+w Electronic Systems GmbH's second order for 30 systems. Financial terms weren't disclosed.

At 0757 GMT, shares flat at 91.5 pence.

FTSE SMALL CAP +0.03%

FTSE AIM -0.08%

-By Rachael Gormley & Jason Douglas, Dow Jones Newswires; 44 20 7842 9308; uksmallcaps@dowjones.com

Order free Annual Report for Galiform PLC

Visit http://djnweurope.ar.wilink.com/?ticker=GB0005576813 or call +44 (0)208 391 6028

Order free Annual Report for Tesco PLC

Visit http://djnweurope.ar.wilink.com/?ticker=GB0008847096 or call +44 (0)208 391 6028

Order free Annual Report for Sinclair Pharma PLC

Visit http://djnweurope.ar.wilink.com/?ticker=GB0033856740 or call +44 (0)208 391 6028

Order free Annual Report for Stobart Group Limited

Visit http://djnweurope.ar.wilink.com/?ticker=GB00B03HDJ73 or call +44 (0)208 391 6028

Order free Annual Report for Connaught plc

Visit http://djnweurope.ar.wilink.com/?ticker=GB00B139BQ35 or call +44 (0)208 391 6028