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STOCKS NEWS EUROPE-UK small caps index slips 0.1 percent

The FTSE Small Cap index is down by 0.1 percent in early morningtrade, slightly outperforming declines of 0.3 percent on the blue-chip FTSE 100index and the mid-cap FTSE 250 index .

Power control components manufacturer XP Power falls 6.8 percent, asit reports lower revenues and bears the brunt of a downgrade by Investec, whichcuts its price target on XP Power to 1,150 pence from 1,250 pence while keepingan overall "buy" rating on the stock.

Carclo , a technology-led plastics group, rises 4.8 percent after itdelivers a relatively upbeat outlook, saying it expects further progress duringthe second half of the year.

Reuters messaging rm://sudip.kargupta.thomsonreuters.com@reuters.net

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