STOCKS NEWS EUROPE-FTSE small cap index gains 0.2 pct

The FTSE Small Cap index rises 0.2 percent in morning trade, against a 0.4 percent rise on the FTSE 100 and a 0.3 percent gain on the FTSE 250 mid-cap index.

Shaft Sinkers Holdings falls 7.2 percent after the company says work at the Moab project has been interrupted pending resolution of a strike.

British industrial chain maker Renold falls more than 7 percent after Finncap cuts its price target to 19 pence from 24 pence.

Reuters messaging rm://