UK smallcap opening - TEP Exchange ticks up on swing to FY profits

        LONDON (Thomson Financial) - A swing to full-year profits from losses
provided a fillip to TEP Exchange Group, the online endowment exchange provider,
whose shares ticked up 0.025 of a penny to 0.275 of a penny.
    A 'buy' recommendation in the Investors Chronicle lifted speciality
chemicals Dyson Group 5 pence to 100-3/4, while TMN Group moved up 2-1/2 pence
to 42 pence after the online marketing and market research service provider  
confirmed it is in talks regarding the previously announced indicative cash
offer for the company by August Equity working together with TMN executive
directors Mark Smith and Craig Dixon.
    On May 19, TMN said it received an indicative cash offer of 70 pence per
share from funds advised by August Equity.
    On the bid front, TDG jumped 19-1/4 pence to 243 pence as Laxey Partners'
acquisition vehicle LIT made a formal agreed offer valuing the logistics company
at around 203 million pounds.
    TDG shareholders are being offered 250 pence cash per share or 200 pence
plus 6.625 LIT shares.
    
    
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