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STOCKS NEWS EUROPE-UK small caps down 0.2 pct early on

The FTSE Small Caps index loses 0.2 percent in early trade, trackingsimilar falls by the FTSE 100 index, also down 0.2 percent, with theFTSE 250 index off 0.3 percent.

Avanti Communications drops 14 percent as the satellites operatorposts an increased full-year pretax loss of 16 million pounds, up from a 12.7million pounds loss last year, and says the phasing of its contract backlog ismore back-ended than anticipated, with existing satellites expected to be fullat the current run rate in 2016.

Oxford BioMedica sheds 5.5 percent as the firm says it is closing amid-stage clinical trial of its cancer vaccine TroVax in U.S. patients withprostate cancer, dealing a further blow to the troubled product.

Reuters messaging rm://jon.hopkins.thomsonreuters.com@reuters.net

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